The Board of Directors of Japan-based online trading company Monex Group, Inc (TYO:8698) has decided to transfer all the shares of Monex Boom Securities (HK) Limited and two other subsidiaries.
As a result of this share transfer, Monex Boom Securities (HK) Limited will no longer be a designated subsidiary of the Monex Group.
Through Monex International Limited (“MIL”), the Monex Group holds shares in Monex Boom Securities (HK) Limited, Monex Solutions Limited and Baby Boom Limited (“Boom Securities”).
The company has decided to sell its entire stake in Boom Securities in order to pool and select management resources.
