Bocom International acquires additional Pingan notes

BOCOM International has announced that its Preferred Investment division acquired a second batch of PINGAN Notes on July 8, 2025, at a purchase price of approximately US$88.725, resulting in a total consideration of approximately US$4,494,833 (HK$35,284,439.05). This acquisition, combined with a previous acquisition of PINGAN Notes in May 2025 for US$2,637,288, triggers discloseable transaction requirements under the Hong Kong Listing Rules. As the aggregate percentage ratios are less than 25% but more than 5%, the transaction is subject to notification and announcement. The acquired PINGAN Notes, issued by China Ping An Insurance Overseas (Holdings) Limited, are listed on the Singapore Exchange. BOCOM International intends to fund the acquisition from internal resources, viewing it as a long-term investment opportunity. The counterparts in the acquisition were Standard Chartered Bank (Hong Kong) Limited and Standard Chartered PLC.