Gelonghui, January 19 | China Agricultural Products Exchange (00149.HK) issued an announcement. Regarding the HK$400 million 1% interest-bearing notes due in 2024 under the HK$1 billion medium-term note plan, the company further purchased 90% of the outstanding notes with a total principal amount of HK$20 million through the open market on January 4 and January 19, 2024, accounting for 5% of the total principal amount of the original issued notes. Together with other notes that have been previously purchased and cancelled, they account for the total principal amount of the original issued notes. Repurchases are funded from internal resources.
Repurchased notes will be cancelled as soon as they are repurchased. After cancellation of the purchased notes, the total principal amount of the notes that have not been exercised will be HK$40 million, accounting for about 10% of the total initial principal amount of the notes.