Cinda International Holdings Limited Announces Redemption of 60,000 Subscription Shares in the Fund

Strategic Insights -

Cinda International Holdings Limited has issued a formal announcement regarding the redemption of 60,000 Subscription Shares in the Fund. As of August 13, 2025, the Company received confirmation that the redemption had been completed, with an aggregate redemption price of approximately US$5.81 million (equivalent to approximately HK$45.32 million). This redemption constitutes a discloseable transaction, subject to notification and announcement requirements, but exempt from the Shareholders' approval requirement under Chapter 14 of the Listing Rules.

Key Takeaways:

  • The Company redeemed 60,000 Subscription Shares in the Fund on August 13, 2025, at an aggregate redemption price of approximately US$5.81 million (HK$45.32 million).
  • The redemption price was determined by the net asset value per share of the Fund as at the valuation day, being the last business day of each month or any other day the Fund determines.
  • The Fund shall pay the redemption proceeds within 30 business days of the relevant redemption day or, if the net asset value of the Subscription Shares has not been finalized at that time, within 30 business days of finalization of the net asset value.
  • The proceeds of the redemption will be settled in cash by the Fund.
  • After completion of the redemption, the Group ceases to hold any Subscription Shares, and the Fund ceases to be accounted for as an associate of the Company.
  • The redemption constitutes a discloseable transaction, subject to notification and announcement requirements, but exempt from the Shareholders' approval requirement under Chapter 14 of the Listing Rules.
  • References are made to the Announcements in relation to (i) the subscription of a total of 100,000 Subscription Shares of the Fund by the Company at an aggregate subscription price of US$10 million (equivalent to approximately HK$78 million); and (ii) the Previous Redemption.

Statistics:

  • 60,000 Subscription Shares in the Fund were redeemed.
  • The aggregate redemption price was approximately US$5.81 million (HK$45.32 million).
  • The net asset value per share of the Fund as at the valuation day was used to determine the redemption price.
  • The Fund shall pay the redemption proceeds within 30 business days of the relevant redemption day.
  • 30 business days are allowed for the Fund to settle the redemption proceeds in cash.

Sources:

  • Cinda International Holdings Limited. (2025, August 13). Announcements. Retrieved from https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0813/2025081300971.pdf