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BOC Hong Kong (Holdings) ( (HK:2388) ) has shared an update.
BOC Hong Kong (Holdings) Limited has confirmed that all conditions have been met for BOCHK’s acquisition of the entire share capital of BOCI Private Bank and the disposal of its entire stake in Po Sang Securities, with both transactions completing on 30 January 2026. BOCI Private Bank will become an indirect wholly owned subsidiary and be consolidated into the group’s financial statements, while Po Sang Securities will be deconsolidated, with the disposal expected to generate an estimated unaudited gain of about HK$49 million, most of which will be used for general working capital. To ensure operational continuity, transitional services agreements of at least two years will be put in place between BOCI and BOCI Private Bank, and between BOCHK and Po Sang Securities, covering support services and operational transactions that will be treated as continuing connected transactions under Hong Kong Listing Rules.
The most recent analyst rating on (HK:2388) stock is a Buy with a HK$46.00 price target. To see the full list of analyst forecasts on BOC Hong Kong (Holdings) stock, see the HK:2388 Stock Forecast page.
More about BOC Hong Kong (Holdings)
BOC Hong Kong (Holdings) Limited is a major banking group in Hong Kong, operating primarily through its wholly owned subsidiary Bank of China (Hong Kong) Limited (BOCHK). The group provides a broad range of banking and financial services, including retail and corporate banking, private banking and related financial solutions, with a focus on the Hong Kong and Greater China markets.
Average Trading Volume: 10,230,768
Technical Sentiment Signal: Buy
Current Market Cap: HK$420.6B
See more data about 2388 stock on TipRanks’ Stock Analysis page.