Varengold Bank AG
Varengold Bank AG: Acquisition of a participation in Hong Kong
Varengold Bank AG / Key word(s): Investment/Miscellaneous 21.11.2014 16:51 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, November 21st, 2014 - Varengold Bank AG (WKN 547 930) acquired a participation of 100% in the "HPI Securities & Futures Limited" based in Hong Kong, which is in particular to be integrated in the Varengold group in perspective. For that purpose, Varengold received the permission of the local regulating authority SFC (Securities and Futures Commission) Varengold thus receives the ability to commit themselves to an entity with a so-called Broker-Dealer License. The continuative intention is to use the opportunity for winning of the Asian financial market, in particular institutional clients, as well as expanding of the customer base in the areas of capital markets brokerage, asset management and prime brokerage through a direct physical presence of an office in Hong Kong. 21.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Varengold Bank AG Große Elbstraße 27 22767 Hamburg Germany Phone: +49 (0)40 / 668649-0 Fax: +49 (0)40 / 668649-49 E-mail: info@varengold.de Internet: www.varengold.de ISIN: DE0005479307 WKN: 547930 Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in Open Market (Entry Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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