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BOCOM International Holdings Co. Ltd. ( (HK:3329) ) has issued an announcement.
BOCOM International Holdings Co. Ltd. announced the acquisition of US$20 million in IBRD Notes through its subsidiary, Preferred Investment, for approximately US$20,018,472.22. This acquisition, funded through internal resources, is considered a discloseable transaction under Hong Kong’s Listing Rules. The investment in IBRD Notes, issued by the core part of the World Bank, offers the company a long-term opportunity to generate stable returns while effectively utilizing its capital resources. The transaction aligns with the company’s strategy to enhance its investment portfolio and is deemed beneficial for the company’s shareholders.
The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.
More about BOCOM International Holdings Co. Ltd.
BOCOM International Holdings Co. Ltd. is primarily engaged in investment holding, with a focus on securities brokerage, margin financing, corporate finance and underwriting, investment and loans, and asset management and advisory services. The company’s licensed subsidiaries are involved in dealing with securities and futures, advising on securities and futures contracts, providing securities margin financing, advising on corporate finance, and offering asset management services.
Average Trading Volume: 12,383,006
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.48B
For a thorough assessment of 3329 stock, go to TipRanks’ Stock Analysis page.