China Industrial Securities International Financial Group Limited (CISI FIN) disclosed that its wholly-owned subsidiary, CISI Investment Ltd., accumulated 5.625% subordinated perpetual guaranteed capital securities issued by MTR Corporation (C.I.) Limited, guaranteed by MTR Corporation Limited, between 9 June 2026 and 30 October 2026.
Key Transaction Details • Aggregate principal acquired: USD 11.56 million (approximately HKD 90.73 million). • Total consideration paid: USD 11.79 million (approximately HKD 92.54 million). • Funding source: internal resources. • Instrument: Perpetual securities carrying a 5.625% coupon, part of MTR’s USD 1.50 billion issuance listed on the Hong Kong Exchange. • Market purchases: Securities were bought in the open market; counterparties are independent third parties.
Regulatory Assessment • On a stand-alone basis each acquisition falls below the 5% threshold under Hong Kong Listing Rule 14.07. • When aggregated with five prior purchases completed from 9 June to 6 October 2026—totaling USD 9.81 million (HKD 77.02 million) in consideration—the combined size exceeds the 5% but remains below the 25% threshold. • Accordingly, the series of transactions constitute a discloseable transaction, triggering announcement and reporting obligations without requiring shareholder approval.
Strategic Rationale Management states that the investment aligns with CISI FIN’s strategy to diversify its portfolio across asset classes and sectors, targeting stable returns within acceptable risk parameters. The board deems the terms fair and the transaction in the ordinary course of business, benefiting the company and its shareholders.
Issuer and Guarantor Profiles • Issuer: MTR Corporation (C.I.) Limited, a Cayman-incorporated special-purpose vehicle responsible solely for debt issuance. • Guarantor: MTR Corporation Limited, 74.45% owned by the Hong Kong SAR Government’s Financial Secretary Incorporated, with core businesses spanning railway operations, property development and management, and station commercial services in Hong Kong, mainland China, and overseas.
No changes to CISI FIN’s shareholding structure or shareholder approval requirements arise from these acquisitions.