HONOUR RAY LIMITED 豪力有限公司
BOCOM Intl (3329) invests US$100m in class A2 shares of New China OTC Fund
Company announcement, 27-Dec-2017
BOCOM says the US$210m fund will make indirect investment in an unnamed PRC residential and commercial property company. We can tell you this is 51% of Chongqing OCT Real Estate Ltd. The fund bought it from OCT (3366) which retains 49% and owns 35% of the fund manager. BOCOM is providing US$100m of fixed-return second-tier funding at 8% p.a., ranking behind the US$60m A1 tier.
Company announcement, 27-Dec-2017
BOCOM says the US$210m fund will make indirect investment in an unnamed PRC residential and commercial property company. We can tell you this is 51% of Chongqing OCT Real Estate Ltd. The fund bought it from OCT (3366) which retains 49% and owns 35% of the fund manager. BOCOM is providing US$100m of fixed-return second-tier funding at 8% p.a., ranking behind the US$60m A1 tier.
OCT (3366) sells 51% of Chongqing project to New China OCT Fund SPC
Company announcement, 14-Nov-2017
Company announcement, 14-Nov-2017
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