orientsec int (08001) announced that on September 25, 2024, the company signed a subscription form, based on which...
As reported by the Financial & Business News App, orientsec int (08001) announced that on September 25, 2024, the company signed a subscription form, whereby the company has agreed to subscribe to the A1 class participating shares in a sub-fund under Orient Global Master Fund OFC, with a total subscription amount of 0.7 million US dollars.
The sub-fund's primary investment objective is to seek long-term capital appreciation for investors by primarily investing in high-quality fixed income securities and debt instruments in the global markets.
The group's subscription to the sub-fund is for investment purposes. The company considers efficient treasury management as a strategy to effectively utilize its internal cash resources. As part of its treasury planning, the company implements subscription transactions to allocate cash resources to invest in low-risk products with flexible redemption features. The company believes that the subscription transaction meets the group's needs because it invests in investment-grade fixed income instruments and/or unrated fixed income instruments, which provide stable interest returns while addressing the need for flexible redemption. In addition, the directors believe that the subscription transaction benefits the group in achieving a balanced and diversified investment portfolio, potentially leading to capital appreciation. Furthermore, through the subscription transaction, the group can reduce direct investment risk by leveraging the expertise of the sub-fund and investment managers.