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An update from China Galaxy Securities Co ( (HK:6881) ) is now available.
China Galaxy Securities has issued a further clarification on its continuing connected transactions under its Securities and Financial Products Transactions Framework Agreement with Galaxy Financial Holdings Group. The firm confirmed that while these transactions only require reporting, announcement and annual review under Hong Kong Listing Rules, they must also be submitted for consideration and approval at a shareholders’ general meeting under Shanghai Stock Exchange rules, prompting the company to convene an extraordinary general meeting and issue a circular. The company also specified that, for each of the three financial years ending 31 December 2028, the aggregate contract amounts for subscription or redemption of securities and financial products under individual agreements will be capped by the annual total net inflow or outflow for such transactions (excluding financing), as previously disclosed, with all other aspects of the original announcement remaining unchanged.
The most recent analyst rating on (HK:6881) stock is a Buy with a HK$13.99 price target. To see the full list of analyst forecasts on China Galaxy Securities Co stock, see the HK:6881 Stock Forecast page.
More about China Galaxy Securities Co
China Galaxy Securities Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong and Shanghai, operating in the securities and financial services industry with a focus on securities trading, financial products and related investment services for institutional and retail clients.
Average Trading Volume: 24,063,038
Current Market Cap: HK$165.1B
Find detailed analytics on 6881 stock on TipRanks’ Stock Analysis page.