Bright Smart Securities & Commodities Group Limited ( (HK:1428) ) just unveiled an announcement.
Bright Smart Securities & Commodities Group Limited announced a supplemental update regarding its renewal of continuing connected transactions, specifically relating to Financial Services Agreements and Brokerage Services Agreements. The company clarified the annual caps for interest income from margin financing for certain directors, noting that these transactions are de minimis and exempt from certain regulatory requirements. Additionally, the company set a lower annual cap for margin financing for Mr. Yip, based on historical usage and future expectations, ensuring compliance with pricing standards that align with independent third-party customers.
More about Bright Smart Securities & Commodities Group Limited
Bright Smart Securities & Commodities Group Limited operates in the financial services industry, providing brokerage and financial services. The company focuses on offering margin financing and brokerage services, catering to both individual and institutional clients.
YTD Price Performance: 21.48%
Average Trading Volume: 750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €584.7M
Learn more about 1428 stock on TipRanks’ Stock Analysis page.