CISI FIN Acquires US$17.00 Million Tencent 5.6% 2046 Notes; Triggers Discloseable Transaction Threshold

Bulletin Express
Nov 05

China Industrial Securities International Financial Group Limited (CISI FIN, 06058) disclosed that its indirect wholly owned unit, CISI Investment Ltd., bought Tencent Holdings Limited’s 5.6% senior notes due 16 June 2046 in the open market between 9 June 2026 and 4 November 2026.

• Transaction size: Aggregate principal purchased reached US$17.00 million (HK$133.45 million), settled for a total consideration of US$16.65 million (HK$130.68 million), reflecting an average purchase price of about 97.93% of par. • Funding: Entirely from internal resources. • Note details: Tencent’s US$700.00 million 5.6% senior notes, originally issued at 99.571% of par, mature on 16 June 2046.

Regulatory implications: Although each individual purchase was below the 5% threshold under Hong Kong Listing Rule 14.07, the latest US$2.00 million tranche acquired on 4 November 2026, when aggregated with four earlier purchases totalling US$15.00 million in principal between 9 June and 17 September 2026, pushed one of the percentage ratios above 5% but below 25%. Consequently, the series of acquisitions constitutes a discloseable transaction requiring announcement but not shareholder approval.

Strategic rationale: Management states the investment aligns with the group’s strategy to diversify its portfolio and seek stable returns within acceptable risk limits.

Issuer profile: Tencent Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, derives revenue mainly from value-added services, online advertising, and fintech & business services. The largest shareholder, MIH Internet Holdings B.V., holds approximately 22.60%.

CISI FIN remains focused on wealth management, corporate finance, asset management, and proprietary investments. The board considers the note purchases fair, reasonable, and in the interests of shareholders.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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