Holly Futures Co. Ltd. Class H (HK:3678) has released an update.
Holly Futures Co. Ltd. has announced its intention to sign a set of framework agreements with SOHO Holdings, focusing on commodity trading, financial investments, and futures brokerage services until the end of 2026. These agreements are significant as SOHO Holdings, holding a 49.17% equity interest in Holly Futures, is a connected person, thus making these transactions subject to strict reporting and approval processes under the Listing Rules. The company’s shareholders are to be informed and must approve the deals, especially since the transactions exceed certain percentage ratios outlined by the rules.
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