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BOCOM International Holdings Co. Ltd. ( (HK:3329) ) has provided an announcement.
BOCOM International Holdings has entered into an Administrative and Non-Administrative Functions Support Services Sharing Framework Agreement with its ultimate controlling shareholder, Bank of Communications (BOCOM), under which the BOCOM group will provide various administrative and non-administrative support services to BOCOM International’s group companies. The framework, which will run from the date of independent shareholders’ approval until 31 December 2028 and may be automatically renewed in three-year blocks subject to listing rule compliance, constitutes a continuing connected transaction under Hong Kong’s Listing Rules and therefore requires reporting, announcement, annual review and independent shareholders’ approval. An independent board committee and an independent financial adviser have been appointed to assess the terms for minority investors, and the company will convene an extraordinary general meeting and issue a circular by mid-February 2026 to seek approval for the agreement and its proposed annual caps, underscoring the governance and related-party transaction scrutiny surrounding the group’s operational support structure.
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, incorporated in Hong Kong and listed on the Stock Exchange of Hong Kong, operates as the international investment banking and securities arm of Bank of Communications (BOCOM), providing a range of financial and capital markets services to clients in Hong Kong and overseas markets.
Average Trading Volume: 1,362,074
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.05B
Learn more about 3329 stock on TipRanks’ Stock Analysis page.