Geely Automobile Holdings (HK:0175) has released an update.
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Geely Automobile Holdings has successfully completed the redemption of its US$500 million senior perpetual capital securities, with the securities now fully canceled and obligations discharged. The company has applied for the withdrawal of these securities from the Singapore Exchange, which is expected to take effect on December 10, 2024. This strategic move could impact investor interest, highlighting Geely’s financial maneuvers in the capital market.
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