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