China-focused online trading company Lion Group raises $10 million

Lion Group Holding Ltd, an operator of an all-in-one trading platform that provides a wide spectrum of products and services with a focus on Chinese investors, today announced it has successfully executed a binding funding agreement to raise $10 million through a private placement share subscription agreement (“Share Subscription Agreement”) in the Company.

The financing will be led by Yun Tian Investment Limited (“Yun Tian”), through a company incorporated in Hong Kong which is funded by a group of reputable and wealthy private entrepreneurs from South China.

Lion expects to use the proceeds from the Share Subscription Agreement to develop, among others, its total return swap trading business in which the parties shall co-operate with each other.

Pursuant to the Share Subscription Agreement, in addition to the capital contribution of $10 million, Yun Tian shall dispatch a team of talents in the areas of finance, technology, marketing etc. to assist in Lion’s total return swap trading business and other relevant businesses. Both parties will commence the business cooperation upon the execution of Share Subscription Agreement.

“We are excited to announce that this agreement marks another milestone for the growth of Lion and represents an important step in our business expansion. In addition to finance, Yun Tian will offer professional expertise and industry experience to further advance our development. With both capital injection and talents support, we are confident in the growth of our total return swap trading business,” said Mr. Chunning (Wilson) Wang, CEO of Lion. “As we continue to pursue regional expansion and business growth, Lion remains committed to delivering our services to customers and developing more innovative products to satisfy our clients’ needs.”