Hopson Development Holdings Limited (HKG:0754) announced that it agreed to subscribe 4.99% of the issued share capital of Beijing Rural Commercial Bank Co., Ltd. for a consideration of RMB238.35 million (HK$293.17 million).

The Company said that it has been the Company's strategic investment policy to make diversified investments in non-property development related businesses such as financial institutions. In this regard, the Directors have actively identified potential investment opportunities to maximise the return to the shareholders of the Company.

Source:chinesestock.org