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Chinese commodity exchange acquires 50% of Ukrainian stock exchange

Source : 112 Ukraine

Primeview LTD (8.5%, Belize), Dakal LTD (9.37%, Belize), Crookston Limited (9.06%, Belize), and Boline LTD (9.21%, Marshall Islands) have withdrawn from the list of PFTS owners
10:46, 14 January 2020

Open source

Chinese commodity exchange Bohai Commodity Exchange (BOCE, Hong Kong) has acquired a 49.9% stake of Ukrainian JSC PFTS Stock Exchange. It is reported by the Financial club, referring to the data of the disclosure system on the stock market of the National Commission on Securities and Stock Market (NSSMC).

Primeview LTD (8.5%, Belize), Dakal LTD (9.37%, Belize), Crookston Limited (9.06%, Belize), and Boline LTD (9.21%, Marshall Islands) have withdrawn from the list of PFTS owners.

"Parvana LTD reduced its stake from 8.9% to 0.11%. At the same time, Asset Management Company and Pension Fund Administrator Altana Investment Management increased its stake from 2.3% to 5.1%," stated in the material.

In early December 2019, BOCE announced its intention to acquire 49.9% of the shares of the Ukrainian PFTS Exchange.

BOCE is China's largest commodity exchange with an annual turnover of one trillion dollars.

Related: Assets of Ukrainian Bank for reconstruction and development bought by a Chinese company

Bohai Commodity Exchange became the owner of the Ukrainian Bank for Reconstruction and Development in 2017.

As we reported earlier, the international S&P Global Ratings agency raised Ukraine's long-term sovereign ratings in foreign and national currencies from “B-” to “B”, with stable outlook. This report was published on the rating agency website.

"The new government seems committed to maintaining macroeconomic stability, liberalizing the economy and providing a new program together with the International Monetary Fund (IMF)," the message reads.

Related: Ukraine to lose Chinese market due to amendments to Tax Code

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