Hantec Group
Hantec Group is a multinational financial services company based in Hong Kong. It was established by Tang Yu Lap in 1990.
The company's services including enabling customers to trade bullion, stocks, and futures and to do margin-based foreign exchange and contract for difference trading.
History
Hantec Group was founded in Hong Kong in 1990 by Tang Yu Lap. Tang made his first visit to Taiwan in 1995, where he established relationships with people in Taiwan's banking sector and with politicians. In 1999, Hantec established Taiwan's sole privately owned foreign [exchange market],. Hantec had an initial public offering on the Hong Kong Stock Exchange in July 2000, generating HK$74.75million from nearly 75 million shares sold. That month, the company had a market capitalisation of HK$300million.By 2001, the company had opened six branches in Hong Kong and offices in Beijing, Manila, Paris, Taipei, and Tokyo. Hantec was unprofitable in 2002 owing to the poor market conditions during the SARS outbreak. Despite decreases in foreign exchange commissions in 2003, the company became profitable that year. As the market recovered, consumers increased trading activity on Hantec's platform bringing it increased commissions. That year, the company was the sponsor for an HKSE IPO.