Greentown China Holdings (HK:3900) has released an update.
Greentown China Holdings Limited has successfully repurchased and plans to cancel all outstanding 5.95% senior notes due 2024, originally issued at a total of US$150 million. The company’s board expressed confidence in this strategic move, suggesting it will positively reflect on the company’s prospects. While further repurchases will depend on market conditions, investors are advised to trade cautiously with no guarantees of future buybacks.
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