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BOCOM International Holdings Co. Ltd. ( (HK:3329) ) just unveiled an announcement.
BOCOM International Holdings Co. Ltd. has entered into a loan agreement involving a significant provision of funds to its indirect wholly-owned subsidiaries. The agreement includes a Loan A of up to approximately $299.5 million and a Loan B of up to approximately $79.6 million, with BOCOM International contributing up to $3.8 million. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring announcement and annual review but exempt from independent shareholder approval. This move reflects BOCOM’s strategic financial maneuvers to support its subsidiaries, potentially impacting its financial positioning and stakeholder interests.
More about BOCOM International Holdings Co. Ltd.
BOCOM International Holdings Co. Ltd. is a financial services company based in Hong Kong, primarily involved in providing investment banking and securities services. The company operates in the financial industry and focuses on offering a range of financial products and services to its clients.
Average Trading Volume: 644,040
Technical Sentiment Signal: Sell
Current Market Cap: HK$779.3M
For detailed information about 3329 stock, go to TipRanks’ Stock Analysis page.