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China Merchants Securities Co., Ltd. Class H ( (HK:6099) ) has issued an announcement.
China Merchants Securities Co., Ltd. has announced a revision of the annual cap for its continuing connected transactions under the 2022 Property Leasing Framework Agreement with China Merchants Group. The annual cap for the year ending December 31, 2026, has been increased from RMB177.34 million to RMB283.87 million due to expected transaction amounts exceeding the existing cap. This revision is subject to reporting, announcement, and annual review requirements under Chapter 14A of the Listing Rules but is exempt from independent shareholders’ approval. The increase reflects the company’s strategic adjustments to accommodate higher transaction volumes, potentially impacting its financial operations and stakeholder relations.
The most recent analyst rating on (HK:6099) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on China Merchants Securities Co., Ltd. Class H stock, see the HK:6099 Stock Forecast page.
More about China Merchants Securities Co., Ltd. Class H
China Merchants Securities Co., Ltd. Class H is a joint stock company incorporated in the People’s Republic of China. It operates in the financial services industry, focusing on securities brokerage, investment banking, and asset management. The company is a significant player in the Chinese financial market, with China Merchants Group as its controlling shareholder.
YTD Price Performance: -7.16%
Average Trading Volume: 6,721,119
Technical Sentiment Signal: Buy
Current Market Cap: HK$150.2B
Learn more about 6099 stock on TipRanks’ Stock Analysis page.