29th Feb 2016 09:14
LONDON (Alliance News) - TechFinancials Inc on Monday said it has opened a new sales office in Hong Kong to promote its business-to-business services and provide client support services for the Asia Pacific region.
The news comes nearly two months after the software developer, which provides services to online brokers, formed a joint venture with the owners of Optionfortune Trade Ltd, a company registered in Hong Kong, to run a business-to-consumer binary options trading platform focused on the Asia Pacific region.
"Opening an office in Hong Kong is a core part of our strategy to expand into Asia and penetrate markets with high growth potential. With the establishment of the joint venture to run a B2C binary options trading platform in the Asia Pacific region, our Hong Kong base will strengthen our B2B foothold and overall presence in the region," Chief Executive Officer Asaf Lahav said.
The office will be headed by Calvin Hau, Asia Pacific sales manager, who recently joined the TechFinancials team.
Shares in TechFinancials were up 9.6% at 13.70 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
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