The Chinese are going to buy nearly half the shares of the Ukrainian stock exchange PFTS

Китайцы намерены купить почти половину акций украинской биржи ПФТС

Now the PFTS stock owned by BOCE no.

The Chinese commodity exchange, Bohai Commodity Exchange (BOCE, Hong Kong) announced the intention to acquire a stake in Ukraine’s PFTS stock exchange in the amount of 49,90003% of the share capital. We are talking about buying 15,973 thousand shares.

Currently the PFTS stock owned by the BOCE or its affiliates do not exist, according to Interfax-Ukraine.

Recall VOSE in 2017 became the owner of the Ukrainian Bank for reconstruction and development, and in 2018, the Antimonopoly Committee approved the re-application of the Chinese commodity exchanges on the purchase of shares in the PFTS in excess of 25%.

PFTS was founded in 1996. The revenue of the exchange in January-September 2019 declined 2.5% to 3.62 million, and a net loss increased 5.1 times to 1.42 million. Assets for the nine months decreased by 21.3% – to 44.71 million UAH, equity capital by 21.5% – to 43,39 mln.

In addition, in August of last year shareholders “Ukrainian exchange” has decided to offer BOCE become a shareholder with a share of 36% as a result of additional issue, however, this transaction did not take place.

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