China Cinda to Redeem $1.7 Billion Offshore Preference Shares

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China Cinda Asset Management (HKG:1359) plans to redeem all of its outstanding offshore preference shares worth $1.7 billion on Nov. 3.

The total redemption payment will be about $1.8 billion, including $74.8 million in dividends, according to a Wednesday Hong Kong bourse filing.

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