Lion Rock Group (01127.HK) announced that its subsidiary, Hui Xing International, indirectly wholly owned by it, confirmed the acquisition of a credit-linked note issued by Citigroup Global Markets Holdings Inc for $10 million (approximately HK$78 million) this Wednesday (21st). The note will mature on December 13, 2024, with an annual interest rate of 5.4%.

The company explained that the acquisition aims to carry out financial management to provide better returns for idle funds with relatively low risks and shorter maturity dates to meet the capital needs of the group.