Lion Group Holding Ltd. (LGHL) is an all-in-one online trading platform operator which offers a wide range of products and services especially to Chinese investors. The company recently made moves towards it’s out of the Greater China plans while reporting change in its board of directors.
The company recently appointed its Chief Operating Officer Mr. Hua Luo as director of its Board of Directors. The move came following the resignation of one of its Board member, Mr. Shih-Chung Chou and to fill that vacancy company immediately made that appointment.
Also early this month company unveiled its strategic plan to expand service offerings into Vietnam. Lion Brokers Pro is LGHL’s CFD trading platform and company also shared intention of launching a Vietnamese-language version of that platform by the end of this month. To support the Vietnamese expansion plan, a team has already been working in Ho Chi Minh City. Lion will make use of that team in efforts to promote and market its service offerings to the local firms. The company is expecting generating revenue from these expansion efforts in the fourth quarter of this year.
Mr. Chunning (Wilson) Wang, Lion’s Chief Executive Officer described the move as first milestone towards company’s growth and larger strategic expansion plans off the greater China region. He called faster growing economy of the country and larger population of young people as attractive for the company to expand into Vietnam. This will result in increased and diversified customer base for the company while providing its trading and investment services in the country. China will remain company’s main point of focus as its core market but the company will also explore opportunities in Southeast Asia for stronger growth, Wang added.
Lion is also targeting Singapore in the next phase of its strategic plan of expanding in Southeast Asia.