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Abbisko Cayman Limited Engages in Significant Wealth Management Subscriptions

Story Highlights
  • Abbisko Cayman Limited subscribed to wealth management products worth USD 20 million.
  • The transactions are discloseable under Hong Kong Listing Rules due to their aggregate value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Abbisko Cayman Limited Engages in Significant Wealth Management Subscriptions

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The latest update is out from Abbisko Cayman Limited ( (HK:2256) ).

Abbisko Cayman Limited has entered into agreements to subscribe for wealth management products with J.P. Morgan Securities plc, involving a total of USD 20 million. The transactions, which include a USD Callable Zero Coupon Note and a USD Note linked to the USDCNH rate, are considered discloseable under Hong Kong Listing Rules due to their aggregate value exceeding 5% but less than 25% of the company’s assets, necessitating reporting and announcement requirements.

The most recent analyst rating on (HK:2256) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Abbisko Cayman Limited stock, see the HK:2256 Stock Forecast page.

More about Abbisko Cayman Limited

Average Trading Volume: 5,485,817

Technical Sentiment Signal: Buy

Current Market Cap: HK$11.4B

For an in-depth examination of 2256 stock, go to TipRanks’ Overview page.

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