Bocom International buys $10m Mizuho notes

BOCOM International Holdings (3329.HK) announced that on February 7, 2025, its subsidiary Preferred Investment acquired US$10 million in principal amount of Mizuho Notes II at a purchase price of approximately US$10,023,100 (equivalent to HK$78,681,335) on the over-the-counter market. This acquisition, combined with a previous US$5 million purchase of Mizuho Notes I on January 24, 2025, constitutes a discloseable transaction under Hong Kong Listing Rules as the aggregate percentage ratio exceeds 5% but remains below 25%. The company will fund the acquisition using internal resources. The Board considers the acquisition terms fair, reasonable, and aligned with the Group's business strategy. Mizuho Notes II are listed on the Luxembourg Stock Exchange. HSBC, an indirect wholly-owned subsidiary of HSBC Holdings plc, was the counterparty for the Notes II acquisition.