BOCOM International Buys US$10 Million in CICC-Linked Notes as Discloseable Deal

BOCOM International Holdings Co. Ltd. ( (HK:3329) ) has provided an update.

BOCOM International’s wholly owned subsidiary Preferred Investment has acquired US$10 million of notes issued by a CICC-linked special purpose vehicle in the over-the-counter market, funding the purchase from internal resources. The notes, to be listed in Hong Kong, are intended to provide the group with a long-term investment that delivers stable returns while making more efficient use of its capital base.

The transaction is classified as a discloseable transaction under Hong Kong listing rules, as its size falls between 5% and 25% of the relevant percentage ratios for the company. Directors say the deal is conducted on normal commercial terms and in the ordinary course of business, underscoring BOCOM International’s strategy of using fixed-income instruments to enhance earnings and diversify its balance sheet without materially altering its risk profile.

The most recent analyst rating on (HK:3329) stock is a Hold with a HK$0.42 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 with a focus on capital markets and wealth management services. Through its subsidiaries, the group operates businesses spanning securities brokerage, margin financing, corporate finance and underwriting, investment and loans, as well as asset management and advisory services, catering to a mix of institutional and individual clients in regional and international markets.

YTD Price Performance: 8.57%

Average Trading Volume: 1,369,487

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.04B

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