Xingzheng International (06058) announced that CISI Investment, an indirect wholly-owned subsidiary of the company, subscribed to the notes sold by the issuer on May 16, 2024 (after the trading period), the relevant instructions were confirmed on May 16, 2024 (after the trading period), and CISI Investment was allocated to subscribe notes totaling US$10 million (equivalent to approximately HK$78.5 million), at a cost of US$10 million (equivalent to approximately HK$78.5 million), not including transaction costs.
According to reports, the issuer is the Hong Kong branch of the Industrial and Commercial Bank of China. The interest on the notes is a floating interest rate, SOFRIX + 48 basis points.