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Future Land (01030)fully redeemes HK$2.346B CB
11 Feb 2019
(Infocast News) Future Land Development Holdings Limited (01030) said that in relation to the issuance of the Company’s 2.25% convertible bonds in an aggregate principal amount of HK$2.346 billion due 2019, the Bonds have matured on February 10, 2019 and none of the principal amount of the Bonds has been converted into Conversion Shares. The Company redeemed the outstanding Bonds in whole at a redemption price equal to 100% of the outstanding principal amount of HK$2,346,000,000 together with all accrued and unpaid interests thereon and completed all relevant procedures thereafter pursuant to the terms and conditions of the Bonds .

Following the Redemption, the Bonds will be cancelled and delisted from the SGX-ST and the Company has applied to the SGX-ST for the cancellation and delisting of the Bonds. The Board considers that the Redemption shall not have any material adverse effect on the business of the Group.

(SY)
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