Shui On Land (HKG:0272) said it accepted $295.2 million of notes under its tender offer, representing 73.8% of the total outstanding principal, according to a Wednesday Hong Kong bourse filing.

The tender offer expired with no scaling factor applied as valid tenders matched the final acceptance amount, the company said.

Total consideration payable, including accrued interest, is $297.3 million, with settlement expected on Thursday.