Key Highlights

• Bond Acquisition: Solis Holdings Limited (“the Company”) announced the acquisition of a bond issued by Hotel Properties Limited on the open market on 19 March 2026.
• Consideration: The purchase price for the bond was S\$1,000,500 (approximately HK\$6.1 million), funded via internal resources.
• Issuer Details: Hotel Properties Limited is incorporated in Singapore and listed on the Singapore Exchange, primarily engaged in hotel ownership, management and operations, property development, investment, and investment holding.
• Bond Terms:
  • Principal Amount: S\$1,000,000
  • Coupon Rate: 4.38% per annum (payable semi-annually)
  • Maturity Date: Perpetual (no fixed maturity date)
  • Redemption at Maturity: 100% principal
• Listing Rules Implications: The acquisition, together with a previous bond purchase (S\$1,051,000 on 2 September 2025), triggers reporting and announcement requirements under Chapter 14 of the Hong Kong Listing Rules. However, it is exempt from shareholder approval as the relevant percentage ratios exceed 5% but are less than 25%.

Important Details for Shareholders

• Investment Strategy: The Company’s stated strategy is to generate stable returns within acceptable risk levels by diversifying investments across stocks, bonds, funds, structured products, and derivatives in various sectors. This acquisition is part of that strategy.
• Portfolio Diversification: The bond acquisition offers Solis Holdings an opportunity to balance and diversify its investment portfolio, providing stable returns and mitigating risk.
• Potential Impact on Share Price: The acquisition may be price sensitive as it signals the Company’s commitment to growing its revenue streams and strengthening its investment portfolio. The perpetual nature and relatively high coupon (4.38%) may enhance income stability, potentially supporting shareholder value.
• Third Party Transaction: The bond was acquired through the open market, and the seller is independent of the Company, ensuring there are no related party concerns.
• Previous Acquisition: Investors should note the previous bond purchase in September 2025 for S\$1,051,000, indicating a sustained focus on fixed-income investments.
• Exchange Rate: For illustrative purposes, S\$1.00 = HK\$6.13 was used for currency translation in this announcement.

Management Statement

The Board, led by Executive Chairman and Director Tay Yong Hua, considers the acquisition fair, reasonable, and in the interests of the Company and its shareholders. The move aligns with broader strategic goals to pursue sustainable business growth and enhance shareholder value.

Board Composition

• Executive Directors: Mr. Tay Yong Hua, Mr. Kenneth Teo Swee Cheng (Kenneth Zhang Ruiqing)
• Independent Non-Executive Directors: Ms. Carolyn Seet Su Lin, Mr. Choong Pei Nung, Mr. Kwong Choong Kuen (Huang Zhongquan)

Potential Share Price Sensitivity

• The acquisition of a high-coupon perpetual bond may enhance Solis Holdings’ income stability, diversify its portfolio, and reflect prudent capital allocation, potentially impacting investor sentiment and share valuation.
• The Company’s continued focus on fixed-income investments may signal a strategic shift towards more stable returns, which could be relevant for shareholders tracking dividend prospects and risk profile.

Disclaimer

This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own research and consult professional advisors before making investment decisions. The information is based on public disclosures as of 20 March 2026 and may be subject to change.

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