[ET Net News Agency, 16 April 2018] BOC Hong Kong (02388) said its indirect
wholly-owned subsidiary BOC Credit Card (BOCCC) has entered into a capital injection and
subscription agreement in relation to its capital injection of RMB433.1 million into BOC
Consumer Finance (BOCCF) on a pro rata basis.
BOCCF is principally engaged in consumer finance business in the PRC, and BOCCC holds
12.37% of its entire equity interest.
Given the growth potential of the consumer credit market in China, BOC Hong Kong's
directors believe that the capital injection will enable the company to participate,
through BOCCF, the growth in the consumer loan market in the Mainland of China and
maximise shareholders' value. (KL)