Posted: October 4, 2021 at 7:00 a.m. CDT|Update: 5 hours ago
HONG KONG, Oct. 4, 2021 / PRNewswire / – Lion Group Holding Ltd. (âLionâ or âthe Companyâ) (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide range of products and services and developer of new growth products that include SPAC sponsorship, NFT and initiatives related to Metaverse, announced today its subsidiary Lion International Financial (Singapore) Pte. Ltd. (“Lion Singapore”) has obtained a Capital Markets Service License (“CMS License”) from the Monetary Authority of Singapore.
The CMS license allows Lion Singapore to trade in exchange-traded derivative contracts, over-the-counter derivative contracts and spot foreign exchange contracts for the purpose of leveraged currency trading.
“We are happy to have established Lion in Singapore and expand our region Asia presence, âsaid Mr. Chunning (Wilson) Wang, CEO of Lion. âAs part of our strategic expansion plan, this step allows us to explore new business opportunities through South East Asia. Singapore is one of the world’s leading financial centers, and we expect this new license to strengthen our existing CFD and TRS business, generating value for our shareholders. “
With the creation of Lion Singapore, the group now has licenses in Hong Kong, Singapore, Cayman Islands and Dubai. The Company intends to establish its new office and have a dual registered office at Hong Kong and Singapore.
Lion Group Holding Ltd. (NASDAQ: LGHL) operates an all-in-one trading platform that offers a wide range of products and services with a focus on Chinese investors. Thanks to its cutting-edge technology, Lion offers on its platform the trading of contracts for difference (CFD), insurance brokerage, term brokerage and securities brokerage, accessible through applications available on iOS, Android. , Windows, and macOS systems. Lion clients are well-educated and affluent Chinese individual investors residing both inside and outside the PRC as well as institutional clients in Hong Kong. Additional information can be found at http://ir.liongrouphl.com.
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Lion’s actual results may differ from their expectations, estimates and projections and, therefore, you do not should not rely on these forward-looking statements as predictions of future events. Words such as âexpectâ, âestimateâ, âprojectâ, âbudgetâ, âplanâ, âanticipateâ, âintend toâ, âplanâ, âpowerâ, âpowerâ, “Could”, “should,” “believes”, “predicted”, “potential”, “could” and “continue”, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Lion’s expectations regarding the future performance and anticipated financial impacts of the business combination, the satisfaction of the closing conditions of the business combination and the timing of the completion of the business combination. companies. These forward-looking statements involve significant risks and uncertainties which could cause actual results to differ materially from expected results. Most of these factors are beyond Leo’s control and are difficult to predict. Factors that could cause such differences include, but are not limited to: (1) the inability to maintain the post-acquisition company’s ADS listing on NASDAQ after the business combination; (2) the risk that the business combination will disrupt current plans and operations following the announcement and completion of the transactions described in this document; (3) failure to recognize the anticipated benefits of the business combination, which may be affected, among other things, by competition, the ability of the combined company to grow and manage its growth profitably and to retain employees keys; (4) costs associated with business combinations; (5) changes in applicable laws or regulations; (6) the possibility that Lion may be affected by other economic, business and / or competitive factors; and (7) other risks and uncertainties to be identified in the Proxy Circular / Business Combination Prospectus, including those mentioned in the section âRisk Factorsâ and in other documents filed with the Securities and Exchange Commission (âSECâ) by Lion. Lion cautions that the above list of factors is not exclusive. Lion cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. Lion does not undertake or accept any obligation or commitment to publicly release updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in the events, conditions or circumstances upon which such statement is made. based, subject to law.
Lion Holding Group
Phone. : +852 2820 9011
Email: [email protected]
Phone. : +1 203 682 8233
Email: [email protected]
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SOURCE Lion Group Holding Ltd.
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