12-11-2017, 10:51 PM
Specuvestor
I asked on 3 Oct the basis of your statement:
"If the redemption exceeds 20% all the holders will be redeemed at the same time."
Can you respond, please?
As background to others, Sun Hung Kai redeemed 19.5% of 2011 bonds. Specuvestor's point was that if it had more than 20%, the other holder of 2011 bonds would have the rights to redeem together with Sun Hung Kai.
I asked on 3 Oct the basis of your statement:
"If the redemption exceeds 20% all the holders will be redeemed at the same time."
Can you respond, please?
As background to others, Sun Hung Kai redeemed 19.5% of 2011 bonds. Specuvestor's point was that if it had more than 20%, the other holder of 2011 bonds would have the rights to redeem together with Sun Hung Kai.