On December 19, Glonghui announced that CHINA COMM CONS (01800.HK) issued a notice on November 18, 2024, informing security holders of its intention to redeem all outstanding notes on December 19, 2024 ("redemption date"). The issuer redeemed on the redemption date the principal amount (along with the accrued but unpaid coupon interest up to, but excluding, the redemption date) totaling 1 billion USD of all outstanding securities.
The securities were canceled after the completion of the redemption. The total principal amount of outstanding securities is zero. Therefore, the issuer will apply to the Stock Exchange for the withdrawal of the securities listing. The withdrawal from the Stock Exchange is expected to take effect after the end of trading hours on January 3, 2025.