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An update from Huarong International Financial Holdings Limited ( (HK:0993) ) is now available.
XinKong International Capital Holdings Limited has issued a supplemental announcement detailing its pricing policies and internal control measures for continuing connected transactions under a framework agreement with China CITIC Financial AMC International Holdings Limited for the provision of financial services. The company outlines how fees for brokerage, placing and underwriting, corporate financial advisory, and asset management services provided to connected clients will be set by benchmarking against market rates and past transactions with independent third parties, considering factors such as transaction size, complexity, urgency, resource requirements, and prevailing market conditions. With these procedures, overseen by its business development department, the company asserts that fees charged to connected clients will be no less favourable than those offered to independent third parties, aiming to ensure that the connected transactions are conducted on normal commercial terms and are not detrimental to the interests of the company or its minority shareholders.
The most recent analyst rating on (HK:0993) stock is a Sell with a HK$0.11 price target. To see the full list of analyst forecasts on Huarong International Financial Holdings Limited stock, see the HK:0993 Stock Forecast page.
More about Huarong International Financial Holdings Limited
XinKong International Capital Holdings Limited (stock code: 993), incorporated in Bermuda and listed in Hong Kong, operates in the financial services industry, offering securities brokerage, placing and underwriting, corporate finance advisory, and asset management services, with a focus on serving both connected clients and independent third-party customers in Hong Kong and the PRC markets.
Average Trading Volume: 964,982
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.05B
Learn more about 0993 stock on TipRanks’ Stock Analysis page.