China Industrial Securities International Financial Group Ltd. (HK:6058) has released an update.
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China Industrial Securities International Financial Group Ltd. (CISI) has disclosed the acquisition of notes worth US$6 million from Dai-ichi Life Insurance Company, with the purchased notes carrying an interest rate of 4% per annum until 2026, after which it will float with LIBOR plus 3.66%. The transaction, funded through CISI’s internal resources, is classified as a discloseable transaction under Hong Kong’s Listing Rules, triggering reporting requirements but not necessitating shareholder approval. This strategic investment aims to generate stable returns for CISI within an acceptable risk framework.
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