Vanke to redeem "22 Vanke 05" bonds, sells A-shares
China Vanke (SZSE:000002) announced it will exercise its redemption option for the "22 Vanke 05" corporate bonds, with the redemption date set for July 8, 2025. The redemption price is set at CNY 103.21 per bond, inclusive of current interest and applicable taxes. Concurrently, Vanke has initiated a plan to sell A-share inventory, completing its first sale of 22,000,000 shares on June 10, 2025, at an average price of CNY 6.63 per share, raising gross proceeds of CNY 145,848,226.80 before transaction costs. This represents 0.18% of Vanke’s total share capital. The A-share sale aligns with a previously approved plan to sell up to 72,955,992 shares acquired through a share repurchase program, and the funds will supplement the company's working capital. Vanke cautions that the A-share sales plan is subject to market conditions and regulatory requirements.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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