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BOCOM International Holdings Co. Ltd. ( (HK:3329) ) has issued an update.
BOCOM International Holdings Co. Ltd. announced the acquisition of the second batch of DHB Notes by its wholly-owned subsidiary, Preferred Investment, for approximately US$5.07 million. This acquisition, along with a previous purchase, is considered a discloseable transaction under Hong Kong’s Listing Rules, as the aggregated percentage ratios exceed 5% but are less than 25%. The acquisition is funded through internal resources and involves notes issued by an entity linked to Doha Bank, listed on the London Stock Exchange. This move signifies BOCOM’s strategic investment activities, potentially enhancing its market position and offering stakeholders insights into its financial maneuvers.
More about BOCOM International Holdings Co. Ltd.
BOCOM International Holdings Co. Ltd., incorporated in Hong Kong, is primarily engaged in securities brokerage, margin financing, corporate finance and underwriting, investment and loans, and asset management and advisory businesses. 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.
YTD Price Performance: -10.0%
Technical Sentiment Signal: Hold
Current Market Cap: €96.05M
For a thorough assessment of 3329 stock, go to TipRanks’ Stock Analysis page.