Summary by Futu AI
Longfor Group Holdings Limited (the “Company”) announced that as of June 28, 2024, the Company and its subsidiaries have repurchased a portion of its outstanding preferred notes from the public market, including $402.88 million aggregate principal amount of its 3.95% preferred notes and $219.60 million aggregate principal amount of its 3.85% preferred notes. The notes are due in 2029 and 2032, respectively, and are listed on the Singapore Stock Exchange. The Company pointed out that the repurchased notes have not been cancelled. The Company emphasized that any repurchase of outstanding preferred notes in the market will be determined by the Company and there is no certainty as to the timing, amount or price of any further repurchases. Therefore, preferred note holders and potential investors should exercise caution. This repurchase is made pursuant to overseas regulatory announcement under Rule 13.10B of the Listing Rules of the Hong Kong Stock Exchange.