BOCOM International Announces Discloseable Acquisition of ORIEAS Notes
BOCOM International Holdings Company Limited (Stock Code: 3329) has announced a series of significant acquisitions of fixed-rate notes issued by Joy Treasure Assets Holdings Inc. (the “Issuer”), guaranteed by China Orient Asset Management Co., Ltd. This transaction, alongside previous acquisitions within the past twelve months, triggers a discloseable transaction under Hong Kong Listing Rules, potentially impacting the company’s share value.
Key Transaction Details
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Latest Acquisition (28 July 2026):
- US\$4,550,000 principal of ORIEAS Notes I purchased at US\$99.0100–US\$99.0268 (total consideration: US\$4,535,725.45 / HK\$35,605,444.78).
- US\$3,340,000 principal of ORIEAS Notes III purchased at US\$102.376 (total consideration: US\$3,448,165.90 / HK\$27,068,102.32).
- Both acquisitions were funded using internal resources.
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Previous Acquisitions:
- 26 Nov 2025: US\$5,000,000 ORIEAS Notes I at US\$99.872 (US\$4,993,600 / HK\$39,199,760).
- 26 Mar 2026: US\$616,000 ORIEAS Notes II at US\$91.97–91.98 (US\$572,813.58 / HK\$4,496,586.60).
- 4 May 2026: US\$2,000,000 ORIEAS Notes II at US\$92.28 (US\$1,871,419.44 / HK\$14,690,642.60).
Listing Rules Implications
Since these acquisitions were made within a twelve-month period, they are aggregated under Rule 14.22 of the Listing Rules. The highest applicable percentage ratio for the aggregated transactions exceeds 5% but is less than 25%. This means the combined acquisitions are classified as discloseable transactions, requiring notification and public announcement under Chapter 14 of the Listing Rules.
Details of the Notes
- ORIEAS Notes I: US\$800 million, 4.3% fixed rate, due 4 December 2028, issued on 4 December 2025.
- ORIEAS Notes II: US\$300 million, 2.75% fixed rate, due 17 November 2030, issued on 17 November 2020.
- ORIEAS Notes III: US\$650 million, 5.75% fixed rate, due 6 June 2029, issued on 6 June 2024.
All notes are listed on the Stock Exchange and guaranteed by China Orient Asset Management Co., Ltd.
Counterparties Involved
Acquisitions were made from leading financial institutions including BOCOM International Securities Limited (a wholly-owned subsidiary of the Company), Bank of China (Hong Kong) Limited, Jefferies International Limited, DBS Bank Ltd., Australia and New Zealand Banking Group Limited, Barclays Bank PLC, and Société Générale. All are confirmed to be third parties independent of BOCOM International and its connected persons.
Issuer and Guarantee Structure
The Issuer, Joy Treasure Assets Holdings Inc., is a BVI company wholly-owned by China Orient, which is majority owned (71.5%) by China Investment Corporation, itself ultimately controlled by the State Council of the PRC.
Strategic Rationale and Benefits
BOCOM International states that these acquisitions provide the Group with a long-term investment opportunity that enables stable investment returns while efficiently utilizing capital resources with commensurate risk. The Board considers the transaction’s terms to be fair, reasonable, and in the ordinary course of business, serving the interests of the Company and its shareholders.
Potential Price-Sensitive Information for Shareholders
- The aggregated value and volume of the acquisitions may indicate a strategic shift towards fixed-income investments, signaling management’s confidence in stable returns and prudent capital allocation.
- The discloseable nature of the transaction under Listing Rules may attract market attention, potentially impacting share price due to perceived growth in investment activity and risk management.
- Funding of these acquisitions through internal resources demonstrates strong liquidity and financial health, which could positively influence investor sentiment.
- The notes are guaranteed by China Orient, a major Chinese asset management company ultimately controlled by the State Council, reducing credit risk and enhancing investment security.
Board and Company Overview
The Board comprises both executive and non-executive directors, with a strong representation of independent non-executive directors. The Group continues its principal activities in securities brokerage, margin financing, corporate finance, investment, loans, and asset management.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making investment decisions.
交銀國際公布收購 ORIEAS 債券之重大交易詳情
交銀國際控股有限公司（股份代號：3329）已宣布於過去十二個月內收購由 Joy Treasure Assets Holdings Inc.（「發行人」）發行並由中國東方資產管理股份有限公司擔保的定息債券。此交易連同此前的收購，觸發香港上市規則下之可披露交易，有可能影響公司股價。
主要交易詳情
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最新收購（2026年7月28日）:
- 收購ORIEAS Notes I本金 US\$4,550,000，購買價介乎 US\$99.0100–US\$99.0268（總對價：US\$4,535,725.45 / HK\$35,605,444.78）。
- 收購ORIEAS Notes III本金 US\$3,340,000，購買價為 US\$102.376（總對價：US\$3,448,165.90 / HK\$27,068,102.32）。
- 上述收購均以集團內部資金支付。
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此前收購：
- 2025年11月26日：收購 US\$5,000,000 ORIEAS Notes I，購買價 US\$99.872（US\$4,993,600 / HK\$39,199,760）。
- 2026年3月26日：收購 US\$616,000 ORIEAS Notes II，購買價 US\$91.97–91.98（US\$572,813.58 / HK\$4,496,586.60）。
- 2026年5月4日：收購 US\$2,000,000 ORIEAS Notes II，購買價 US\$92.28（US\$1,871,419.44 / HK\$14,690,642.60）。
上市規則影響
由於這些收購於十二個月內進行，根據上市規則第14.22條合併計算。最高適用百分比超過5%但少於25%，因此合併收購構成可披露交易，須依據上市規則第14章作出公告及通知。
債券詳情
- ORIEAS Notes I：本金 US\$8億，4.3%固定利率，2028年12月4日到期。
- ORIEAS Notes II：本金 US\$3億，2.75%固定利率，2030年11月17日到期。
- ORIEAS Notes III：本金 US\$6.5億，5.75%固定利率，2029年6月6日到期。
所有債券均在聯交所上市並由中國東方資產管理股份有限公司擔保。
交易對手
收購涉及多家著名金融機構，包括交銀國際證券有限公司（公司全資子公司）、中國銀行（香港）有限公司、Jefferies International Limited、星展銀行、澳新銀行、巴克萊銀行及法國興業銀行。全部確認為公司及其關聯人士以外的獨立第三方。
發行人及擔保結構
發行人 Joy Treasure Assets Holdings Inc. 為英屬維京群島註冊公司，百分百由中國東方資產管理股份有限公司持有，而中國東方資產管理股份有限公司71.5%股權由中國投資有限責任公司持有，最終由國務院控制。
策略及收購益處
公司表示，收購為集團提供長期投資機會，能有效利用資本資源，取得穩定回報並控制風險。董事會認為收購條款公平合理，符合正常商業條款，為集團日常業務，有利公司及股東利益。
對股東的潛在價值影響
- 收購總額及規模或顯示公司策略轉向固定收益投資，反映管理層對穩定回報及資本配置的信心。
- 本次交易屬可披露交易，有望吸引市場關注，因投資活動增加及風險管控，或影響股價。
- 以內部資金支付，展示流動性及財務健康，或提升投資者信心。
- 債券由中國東方資產管理股份有限公司擔保，減低信用風險，增強投資安全。
董事會及公司簡介
董事會包括執行董事、非執行董事及獨立非執行董事。集團主要從事證券經紀、孖展融資、企業融資、投資、貸款及資產管理等業務。
免責聲明
本文僅供參考，不構成投資建議。投資者應自行研究，並諮詢專業顧問後才作出投資決定。
