LONGFOR GROUP (00960.HK) Bondholders Reportedly Complete Resale of ~RMB1.5B Bonds to Group

　　It is rumoured that LONGFOR GROUP (00960.HK) +0.320 (+2.941%) Short selling $15.76M; Ratio 18.196% has completed the resale operation of ‘19 Longfor 04’ bonds on schedule, with bondholders selling back bonds worth RMB1.493 billion to the group.

　　Sources from LONGFOR told Mainland media that the news of the resale is true, and the group has decided not to sell again the bonds bought back, instead opting to cancel the bonds after the completion of the resale.

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　　According to the report, public information showed that the issue size of ‘19 Longfor 04’ was RMB1.5 billion, and the tranche was a dedicated corporate bond for developing residential leasing projects. The proceeds were used mainly for the construction, renovation and leasing expenses of the company's residential leasing projects, repayment of residential leasing project loans and replenishment of the company's working capital.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-17 16:25.)

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