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The latest announcement is out from Telecom Digital Holdings Ltd ( (HK:6033) ).
Telecom Digital Holdings Limited, through its subsidiary MGL, has entered into two equity decumulator contracts with HSBC, with a total notional amount of approximately HK$16,366,500. These contracts are considered discloseable transactions under Hong Kong’s Listing Rules due to the aggregate applicable percentage ratios exceeding 5% but being less than 25%. The decumulator contracts involve the sale of HKEx shares at predetermined strike prices over a 12-month period, with settlement occurring bi-weekly. The contracts pose a risk due to limited secondary market liquidity and are subject to early termination under specific conditions.
More about Telecom Digital Holdings Ltd
YTD Price Performance: -1.33%
Average Trading Volume: 28,535
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$298.8M
See more data about 6033 stock on TipRanks’ Stock Analysis page.