TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, is pleased to announce that the Company has entered into a Joint Venture (“JV”) agreement with the owners of Optionfortune Trade Limited, a company registered in Hong Kong (“the Partner”) which will run a B2C binary options. The JV will leverage the expertise of the Group and IBID to accelerate the growth of one of the B2C binary options trading brands of the Group with an objective of increasing the Company’s B2C market share, revenues and profitability. Jul 15, · 1 Joint ventures are designed as options that are exercised through a divestment and acquisition decision. 2 Such factors as unexpected increases in the value of the venture and the degree of concentration in the industry increases the likelihood of an acquisition.
TechFinancials – Joint Venture – Chairman’s Statement – TechFinancials Group
The binary options platform provider TechFinancials continues its expansion the joint venture group binary options the Asia Pacific region by setting up another joint venture with a Hong Kong-based company. According to the announcement TechFinancials filed with the London Stock Exchange, it is establishing a the joint venture group binary options venture with the Hong Kong registered IBID Holdings Limited, which specializes in online marketing systems and high growth online oriented companies.
This would be its second significant undertaking in the region, after in January TechFinancials announced the completion of a joint venture with the Hong Kong-based Optifortune Trade. The integration period is three months, but no later than May 1, The deadline for reaching the milestone is July 31, If the profit milestone is not reached within this period, the parties agree to negotiate in good faith new terms on their cooperation, taking into consideration the actual performance of the joint venture.
In addition, we believe that the combination of mutual strengths of the Company and the Partner will substantially strengthen operating performance. The collaboration continues our stated strategy at IPO which is to further expand our business through partnership with key players in the online B2C space. The Board believes the joint venture will improve the long-term sustainability and consistency of our growth prospects while generating extra cash flow.
TechFinancials is in the top of the leading providers of platforms for binary options, along with SpotOption, Tradologic, MarketPulse and TradeSmarter. TechFinancials was established in with the goal to create a simple solution for online brokers who want to provide to their retail customers a platform for binary options trading.
The company software has a proprietary pricing engine for binary options and exotic options. Since the company began to focus on the Asian markets. Your email address will not be published. All News. Binary options platform provider TechFinancials continues expansion in Asia Pacific. Leave a Reply. You may also like. Latest News, the joint venture group binary options. SMNWeekly: Forex, binary options and financial regulation news. Copyright All rights reserved.
Easy Online Multiple Income Stream with Joint Venture Group
, time: 6:22Ping An Signs Agreement with Shionogi to Launch Joint Ventures | Benzinga
TechFinancials (AIM: TECH), a software developer that supplies simplified trading solutions to online brokers, is pleased to announce that the Company has entered into a Joint Venture (“JV”) agreement with the owners of Optionfortune Trade Limited, a company registered in Hong Kong (“the Partner”) which will run a B2C binary options. Feb 03, · The Board believes the joint venture will improve the long-term sustainability and consistency of our growth prospects while generating extra cash flow.” TechFinancials is in the top of the leading providers of platforms for binary options, along with SpotOption, Tradologic, MarketPulse and TradeSmarter. p a u l, w e i s s, r i f k i n d, w h a r t o n & g a r r i s o n options vary on exiting joint ventures mitchell blogger.com - peter blogger.com published in the new york law journal january 14,
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