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An update from BOCOM International Holdings Co. Ltd. ( (HK:3329) ) is now available.
BOCOM International Holdings Co. Ltd. announced the acquisition of US$6,000,000 PLNIJ Notes II through its wholly-owned subsidiary, Preferred Investment, using internal resources. This acquisition, along with previous acquisitions of PLNIJ Notes I, is considered a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules due to the aggregated transaction value exceeding 5% but remaining below 25%. The notes are issued by Indonesia’s state-owned electric utility company, which is independent of BOCOM International, and are primarily listed on the Singapore Exchange. This strategic acquisition strengthens BOCOM International’s investment portfolio and highlights its active role in investment management.
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 and operates in the financial services sector. The company offers a range of services including securities brokerage, margin financing, corporate finance and underwriting, investment and loans, and asset management and advisory services. Its licensed subsidiaries are involved in dealing with securities and futures, advising on securities and futures contracts, providing securities margin financing, and advising on corporate finance.
Average Trading Volume: 12,076,953
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.59B
For a thorough assessment of 3329 stock, go to TipRanks’ Stock Analysis page.