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home / news releases / LGHL - Lion surges premarket on acquiring Lion FinTech Group

LGHL - Lion surges premarket on acquiring Lion FinTech Group

Lion Group Holding Ltd.
Lion Group (LGHL) traded 18% high in premarket after its announcement of acquiring 100% of Lion FinTech Group for an amount to be agreed upon with a definitive agreement expected to be signed by Mar. 31, 2021.Through its subsidiary, Royal Lion Middle East DMCC, Lion FinTech holds a proprietary trading license for crypto assets in Dubai.Acquisition expected to close in 1Q21.On acquisition completion, Lion's clients will have access to trade legal tender crypto currencies under regulated conditions, ensuring safe transactions.Mr. Wang Jian, Chairman of Lion, owns 100% of Lion FinTech Group, the controlling company of Royal Lion Investment (wholly owns Royal Lion Middle East DMCC).Also Read: Lion Group rallies on strategic agreement with Yao Yongjie

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Lion surges premarket on acquiring Lion FinTech Group
Stock Information
Company Name: Lion Group Holding Ltd.
Stock Symbol: LGHL
Market: NYSE
Website: liongroupholdings.com
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