Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to extend the suspension of the voting rights attached to the shares of the company Shine Trades (CY) Limited (formerly known as Triumph Int. (Cyprus) Ltd) held by Mr .Chong Chun Hseung.
Shine Trades (CY) Limited operates the TriumphFX retail FX and CFDs brokerage brand on the triumphfx.com website. The group also operates an offshore (Seychelles) website tfxi.com, but under the same name TriumphFX.
Cyprus Securities and Exchange Commission reported that Mr. Chong Chun Hseung’s holdings in TriumphFX, held through CCH Triumph Cyprus Trust (the sole direct shareholder of the company), constitute the entire share capital of the company. The suspension of EKK will remain in effect until the following references are removed from the investor notification lists of the competent authorities in Singapore and Malaysia:
- Company Trade Name: Triumph FX
- Approved Company Website:
- Triumph Int. Website (SC) Ltd: www.tfxi.com
- Company Triumph Int. Ltd
The Cypriot regulator added that it also prohibits the company’s executive directors, Christoforos Christoforos and Joel Prakash Benedict, from holding administrative duties on the company’s Board of Directors, for a period of two years or until the references are removed as mentioned above. the investor notification lists of the competent authorities in Singapore and Malaysia, whichever occurs first.
YKK also wishes to inform the public that, at its meeting held on 1 July 2024, it decided to grant an additional six-month extension for the entry into force of the measures in question.