Greenview China Real Estate (00095.HK) announced that its direct wholly-owned subsidiary, tourmaline International Limited ("Tourmaline International"), will issue a total of HK $331.2 million, US $11.81 million and RMB 9.5 million 6 per cent commercial paper due in 2021 on December 15, 2021, February 11, 2021 and June 26, 2021 ("commercial paper"), according to the company's direct wholly-owned subsidiary, tourmaline International Limited ("tourmaline") on December 15, 2021, February 11, 2021 and June 26, 2021.
On November 23, 2021 and November 24, 2021, tourmaline International repurchased commercial paper from the market with a total principal of HK $326 million, US $11.81 million and RMB 6.5 million, accounting for about 98 per cent of the initial principal amount of commercial paper. After the repurchase of commercial paper, all commercial paper repurchased in advance will be cancelled.
The company believes that the early repurchase of commercial paper did not have any significant impact on its financial position.