CR HOLDINGS (China Renaissance Holdings Limited) disclosed that on 20 July 2026 its wholly-owned subsidiary, China Renaissance Capital Limited, subscribed to a USD-denominated fiduciary time deposit via LGT Bank Ltd.
The key terms are as follows:
• Principal: USD 12.00 million (approximately HKD 94.08 million) • Tenor: three months, maturing on or about 22 October 2026 • Interest rate: 4.08% per annum, interest payable at maturity • Counterparty: CTBC Bank Co., Ltd., selected from LGT’s investment-grade compliant list • Fee: LGT earns a 0.10% commission on the placement • Funding source: internal resources of the Group
Under the fiduciary arrangement, LGT holds the deposit in its own name for the account and at the exclusive risk of the subscriber; any default risk of the counterparty is borne by the Group. LGT has obtained, or will obtain, an express waiver of the counterparty’s right of asset offset.
According to the Hong Kong Listing Rules, the size of the transaction exceeds the 5% threshold but remains below 25% of the relevant percentage ratios, classifying it as a discloseable transaction. Consequently, it requires an announcement but does not trigger shareholders’ approval.
Management stated the placement is intended to enhance capital efficiency, capture higher USD yields relative to conventional deposits, and diversify treasury management channels. The Board considers the terms commercially reasonable and in the interests of both the Company and its shareholders.
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