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BOCOM International Holdings Co. Ltd. ( (HK:3329) ) just unveiled an update.
BOCOM International’s wholly owned subsidiary Preferred Investment has acquired US$10 million in notes issued by an offshore unit of CITIC Securities’ group, using internal resources to fund the purchase. The transaction, carried out in the over-the-counter market at par value and partly distributed via another BOCOM International subsidiary, is classified as a discloseable transaction under Hong Kong listing rules and is positioned by the company as a long-term investment aimed at generating stable returns while efficiently deploying capital with what it describes as commensurate risk, underscoring its strategy of leveraging fixed-income products to support steady income within its broader securities and investment platform.
The most recent analyst rating on (HK:3329) stock is a Hold with a HK$0.40 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 Company Limited is a Hong Kong–incorporated investment holding company whose group operations span securities brokerage, margin financing, corporate finance and underwriting, investment and loans, and asset management and advisory services. Through its licensed subsidiaries, the group conducts a range of regulated activities, including dealing in securities and futures, providing securities margin financing, and advising on securities, futures contracts and corporate finance.
Average Trading Volume: 1,355,342
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.05B
See more data about 3329 stock on TipRanks’ Stock Analysis page.