PCCW (00008.HK) Chairman Li Zekai's PT Investment has sold the assets of Barings Investment outside of China to MetLife Investment Management (MIM) for a price of 0.8 billion USD in cash, and the transaction is expected to be completed next year.

In addition, based on Barings' Financial Indicators for the fiscal year 2025 and subsequent years, the transaction price could reach a maximum of 1.2 billion USD, equivalent to about 9.3 billion HKD, and the transaction excludes Barings' joint ventures and private equity businesses in China.

Regarding this transaction, PT Investment responded, looking ahead, the group specifically reserves its mainland Business and will focus on enhancing the group's core advantages through HTSC Barings Fund Management Co., Ltd. and uniquely positioned private equity business.

HTSC Barings, a joint venture among PT, HTSC, and Suzhou New District High-tech Industry, is a leading fund brand in China, and the company will continue to meet the growing demand for investment products in the Chinese market. At the same time, leveraging PT's platform, the private equity business also has a strong competitive advantage in small and medium-sized market transactions.