On December 3, Gelonghui reported that china state con (03311.HK) announced the issuance of subordinated perpetual capital securities ("securities") amounting to 0.5 billion US dollars, issued by China StateConstruction Finance (Cayman) III Limited ("issuer") with unconditional and irrevocable guarantees provided by the company. According to the terms and conditions of the securities, the issuer may give notice of not less than thirty days and not more than sixty days to redeem all securities at the total outstanding principal amount along with any accrued distributions (excluding distributions payable on the first redemption date or on any distribution payment date after the first redemption date).
The issuer has redeemed all outstanding securities on December 3, 2024. As of the announcement date, there are no outstanding issued securities. The issuer has applied to the Stock Exchange for the cancellation of the listing status of the securities. This cancellation of listing status is expected to take effect at the close of business on December 11, 2024.
