Summary by Futu AI
china res land Limited ("china res land") announced that it will redeem all outstanding $1,050,000,000 subordinated perpetual capital securities on December 9, 2024. The securities were issued under the $3,900,000,000 medium-term note program as described in the company's announcements on January 31, 2019, and December 9, 2019. According to the supplemental offering circular dated December 3, 2019, the company chose to redeem the securities by the full principal amount plus accrued distribution up to the redemption date. After the redemption is completed, there will be no outstanding securities, and china res land will apply for the delisting of the securities from The Stock Exchange of Hong Kong Limited. The decision for this redemption was announced by the board of directors chairman, Li Xin, on November 11, 2024.