Xingzheng International (06058) announced that between November 6, 2023 and April 18, 2024, CISI Investment, an indirect wholly-owned subsidiary of the company, purchased preferred shares with a total principal amount of US$9 million (equivalent to approximately HK$70.65 million) (non-cumulative perpetual foreign preferred shares issued by ICBC with a total principal amount of US$2.9 billion and a dividend rate of 3.58%), at a total cost of about US$8818,500 (equivalent to about HK$692.51 million).
The Group purchases preferred shares for investment purposes.