China Financial Services Strikes Decumulator Deal
Company Announcements

China Financial Services Strikes Decumulator Deal

China Financial Services Holdings Limited (HK:0605) has released an update.

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.

For further insights into HK:0605 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App