BOC Hong Kong (Holdings) Limited (2388) has confirmed that all conditions precedent for the proposed acquisition of the entire share capital of BOCI Private Bank and the proposed disposal of the entire share capital of Po Sang Securities have been fulfilled. Both transactions are scheduled for completion on January 30, 2026.

After completion, BOCI Private Bank will become an indirect wholly owned subsidiary of BOC Hong Kong (Holdings) Limited, and its financials will be consolidated into the group’s statements. Meanwhile, Po Sang Securities will no longer be included in the group’s financial statements following the disposal. The disposal is expected to generate an estimated unaudited gain of approximately HK$49 million, calculated by deducting Po Sang Securities’ net asset value on the completion date and related transaction costs from a consideration of RMB410 million (approximately HK$449 million).

The transactions will also include transitional services agreements for an initial two-year period, subject to extension, enabling certain support functions and operational arrangements to continue on an arm’s length basis among the relevant parties. These arrangements may constitute continuing connected transactions under the Listing Rules but are expected to be covered by existing exemptions or announcements.