BOC Aviation Renews Key Financial Agreements with BOC

BOC Aviation ( (HK:2588) ) has provided an update.

BOC Aviation Limited has announced the renewal of its Continuing Connected Transactions under the BOC Loan Framework Agreement and the BOCHK Loan Framework Agreement. These agreements, which govern secured loans and banking services with BOC and its subsidiary BOCHK, will automatically renew for two years ending December 2027, pending approval from Independent Shareholders. This renewal underscores the company’s ongoing financial strategy and its reliance on connected transactions with BOC, highlighting the importance of shareholder approval in maintaining compliance with Hong Kong’s Listing Rules.

More about BOC Aviation

BOC Aviation Limited, incorporated in Singapore, operates in the aviation finance industry, primarily focusing on aircraft leasing and related financial services. The company is a significant player in the market, with a substantial portion of its shares indirectly held by the Bank of China (BOC), making it a connected entity.

YTD Price Performance: 0.07%

Average Trading Volume: 1,167

Technical Sentiment Signal: Buy

Current Market Cap: $5.21B

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