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Telecom Digital Holdings Ltd ( (HK:6033) ) has shared an announcement.
Telecom Digital Holdings Ltd, through its subsidiary MGL, entered into an equity decumulator contract with HSBC involving HKEx shares, valued at approximately HK$9,351,300. This transaction is considered discloseable under Hong Kong’s Listing Rules due to its aggregate percentage ratios exceeding 5% but remaining below 25%. The contract, which is non-guaranteed and linked to a single underlying share, involves selling a specified number of shares at a predetermined strike price over a 12-month period. The transaction highlights the company’s strategic financial maneuvers and its implications on market operations, given the limited secondary market liquidity and potential risk exposure.
More about Telecom Digital Holdings Ltd
Telecom Digital Holdings Ltd is a company incorporated in the Cayman Islands, operating in the telecommunications industry. It primarily engages in providing digital communication services and products, with a market focus on equity-linked financial products.
Average Trading Volume: 72,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$254.4M
Learn more about 6033 stock on TipRanks’ Stock Analysis page.