Greentown China Holdings (HK:3900) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Greentown China Holdings Limited has successfully repurchased and plans to cancel all outstanding 5.95% senior notes due 2024, originally issued at a total of US$150 million. The company’s board expressed confidence in this strategic move, suggesting it will positively reflect on the company’s prospects. While further repurchases will depend on market conditions, investors are advised to trade cautiously with no guarantees of future buybacks.
For further insights into HK:3900 stock, check out TipRanks’ Stock Analysis page.