Hysan Development (00014) issued an announcement relating to the partial repurchase and cancellation of US$850 million sub-guaranteed perpetual capital securities. As of the date of this announcement, the company has repurchased some of the outstanding securities with a total principal amount of 99.995 million US dollars in accordance with the offer, accounting for about 11.76% of the total initial issuance of securities.
As of the date of this announcement, the repurchased securities have been cancelled in accordance with the terms and conditions of the securities. After the cancellation of the purchased securities, the total principal amount of the outstanding securities as of the date of this announcement was US$750 million, accounting for about 88.24% of the total initial principal amount of the securities.