According to the Zhitong Finance App, BOCOM International (03329) announced that on June 22, 2022, the company separately entered into partnership agreements with the general partner and Lingang Overseas, and a subscription agreement with the general partner. The company should pledge a total investment of RMB 475 million to the partnership as a limited partner in accordance with the terms and conditions of the transaction agreement. The total investment pledged by all partners does not exceed RMB 625 million.
The directors believe that the transaction provides a good investment opportunity for the Group to further diversify the Group's portfolio and bring stable income to the Group.
According to reports, the purpose of a partnership is to seek capital appreciation by providing loans to any Chinese state-owned enterprise in accordance with and subject to other terms of the partnership agreement.