Summary by Moomoo AI
China Resource Land Limited ("China Resource Land") announced that it will redeem all outstanding 1,050,000,000 US dollars of its subordinated perpetual capital securities on December 9, 2024. The securities were issued under the company's 3,900,000,000 US dollars medium-term note program as described in announcements on January 31, 2019, and December 9, 2019. According to the supplementary placing circular dated December 3, 2019, the company chose to redeem with 100% of the principal amount plus accrued distributions up to the redemption date. After the redemption is completed, there will be no outstanding securities, and China Resource Land will apply for the withdrawal of the listing status of the securities on The Stock Exchange of Hong Kong Limited. The decision on this redemption was announced by the Chairman of the Board of Directors, Li Xin, on November 11, 2024.