China Financial Services Holdings Limited (HK:0605) has released an update.
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China Financial Services Holdings Limited, through its subsidiary KPI, has entered into a significant Decumulator Contract with Nomura for a maximum notional amount of HK$3,825,000 tied to Alibaba shares. This transaction is classified as a disclosable transaction under the Listing Rules due to exceeding certain percentage ratios, requiring public disclosure. The Decumulator Contract, set to run for 12 months, obligates KPI to potentially sell double the number of Alibaba shares if certain conditions are met, with the company confirming its ability to fulfill the contract with its current Alibaba share holdings.
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