Solis Holdings acquires S$2.50 million Seatrium-guaranteed bond; classified as discloseable transaction under HKEX rules

Bulletin Express
Apr 22

Solis Holdings Limited (Solis) announced the purchase of a Singapore-dollar-denominated bond with a principal amount of S$2.50 million (approximately HK$15.40 million) on 21 April 2026 through the open market.

The bond was issued by Seatrium Financial Services Pte. Ltd. and is unconditionally and irrevocably guaranteed by Seatrium Limited, a company listed on the Singapore Exchange. Key terms include a 2.95% annual coupon, semi-annual interest payments, full redemption at par, and a maturity date of 28 April 2031.

Funding for the acquisition came entirely from Solis’s internal resources. The seller’s identity is unknown to Solis, and, based on directors’ enquiries, the counterparty is an independent third party.

Under Hong Kong Listing Rule 14.07, at least one applicable percentage ratio for the transaction exceeds 5% but is below 25%, categorising the deal as a discloseable transaction. Consequently, Solis must report and announce the acquisition but is exempt from obtaining shareholder approval.

Management stated that the purchase aligns with Solis’s investment strategy to broaden revenue streams and secure stable returns through a diversified portfolio of stocks, bonds, funds, structured products and derivatives.

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