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eBullion, Inc. initially formed to develop software for use in on-line trading of gold and silver contracts. Since the acquisition of Man Loong Bullion Company Limited, a 40 years Hong Kong limited liability company (“Man Loong”), the company has been engaged in the precious metals trading business, providing precious metals spot contract trading services to clients for trading gold and trading silver, via a 24-hour electronic trading platform located in Hong Kong.
The company’s business development focus has been, and is expected to continue to be, solely an increasing market share for the on-line trading gold and trading silver spot contracts within the Hong Kong market while developing a business model for the on-line trading of gold and silver spot contracts in China, Taiwan, and Vietnam.
In facilitating trades of precious metals, eBullion’s wholly owned subsidiary Man Loong acts in its capacity as an officially designated electronics trading member of the Chinese Gold and Silver Exchange Society (“CGSE”), a self-regulatory organization registered in Hong Kong which acts as an exchange for the trading of gold and silver. Man Loong holds a Type AA License with the CGSE, which authorizes it to engage in the electronic trading of Kilo Gold and Loco London Gold and Silver on behalf of its clients.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
About OTC Markets Group Inc.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
