BOCOM International Announces Discloseable Transaction in ADCB Notes Acquisition

BOCOM International Holdings Co. Ltd. ( (HK:3329) ) just unveiled an update.

BOCOM International Holdings Co. Ltd. announced a discloseable transaction involving the acquisition of ADCB Notes II, valued at approximately US$5 million, using internal resources. This acquisition, along with a previous acquisition of ADCB Notes I, falls under the notification and announcement requirements of the Hong Kong Stock Exchange due to the aggregated transaction value. The acquisitions are part of the company’s investment management activities through its subsidiary, Preferred Investment, and involve notes issued by a UAE-based bank, highlighting BOCOM’s strategic positioning in the investment market.

More about BOCOM International Holdings Co. Ltd.

BOCOM International Holdings Co. Ltd. is primarily engaged in investment holding, with its group activities spanning securities brokerage, margin financing, corporate finance and underwriting, investment and loans, and asset management and advisory services. The company’s licensed subsidiaries are involved in dealing with securities and futures, advising on securities and futures contracts, providing securities margin financing, and offering corporate finance and asset management services.

Average Trading Volume: 667,181

Technical Sentiment Signal: Sell

Current Market Cap: HK$738.3M

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