China Industrial Securities International Financial Group (HKG:6058) said its wholly owned unit CISI Investment purchased nearly $15.1 million in principal amount of bonds issued by Guangzhou Metro Investment Finance between Aug. 8 and Dec. 1, according to a Tuesday bourse filing.
Shares of the securities broker were down over 2% in Wednesday morning trade.
The bonds were acquired on the open market for a total consideration of about $13.7 million.
The issuer is guaranteed by Guangzhou Metro Investment Finance (HK) and supported by a keepwell deed from Guangzhou Metro Group.
CISI said the acquisitions form part of its investment strategy to broaden and diversify its portfolio and generate stable returns.