Japan-based online trading company Monex Group, Inc. announces that the transfer of all shares of Monex Boom Securities (H.K.) Limited and two other subsidiaries was completed today.
As a result of the transfer, Monex Boom Securities (H.K.) Limited is excluded from the scope of consolidation of the company. The impact of this share transfer on the consolidated financial results is expected to be minimal.
Going forward, Monex aims to further optimize its business portfolio and increase corporate value by investing management resources previously used for Monex Boom Securities (H.K.) Limited in the areas with higher growth potential.
Through Monex International Limited (“MIL”), Monex Group held shares of Monex Boom Securities (H.K.) Limited, Monex Solutions Limited and Baby Boom Limited (“Boom Securities”.)
The company announced in June 2024 that it had decided to sell its entire holding in Boom Securities in order to concentrate and select management resources.
