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China Industrial Securities International Financial Group Ltd. ( (HK:6058) ) has provided an update.
China Industrial Securities International Financial Group Ltd. announced a reverse repurchase transaction involving the purchase of United States Treasury Bonds valued at US$36,000,000 for US$16,927,850. This transaction, conducted by its subsidiary CISI Investment, is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but not shareholder approval. The deal is expected to impact the company’s financial positioning by leveraging U.S. Treasury Bonds, potentially enhancing its asset portfolio and offering strategic financial benefits.
More about China Industrial Securities International Financial Group Ltd.
China Industrial Securities International Financial Group Ltd. operates in the financial services industry, focusing on providing a range of investment and financial solutions. The company is involved in securities trading, asset management, and other financial services, primarily targeting markets in Hong Kong and China.
YTD Price Performance: 15.91%
Average Trading Volume: 1,451,868
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.02B
Learn more about 6058 stock on TipRanks’ Stock Analysis page.