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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.
Organisations
- BOCOM International Holdings Company Limited 交銀國際控股有限公司
- Capital Converge Holdings Limited
- Chongqing OCT Real Estate Limited 重慶華僑城置地有限公司
- HONOUR RAY LIMITED 豪力有限公司
- New China OCT Fund SPC
- Overseas Chinese Town (Asia) Holdings Limited 華僑城(亞洲)控股有限公司
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