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BOC Hong Kong (Holdings) ( (HK:2388) ) has issued an update.
BOC Hong Kong (Holdings) has announced its intention to acquire the entire share capital of BOCI Private Bank and dispose of its shareholding in Po Sang Securities. The transactions involve agreements with BOCI Asia and were conducted through a public bidding process. These proposed transactions are significant connected transactions under Hong Kong’s listing rules, though they are exempt from requiring independent shareholders’ approval due to their size. The completion of these transactions is subject to regulatory approvals, which may affect the finalization. Shareholders and investors are advised to exercise caution as the deals may not proceed.
More about BOC Hong Kong (Holdings)
YTD Price Performance: -9.24%
Average Trading Volume: 17,641
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $33.73B
Learn more about 2388 stock on TipRanks’ Stock Analysis page.