HSBC China Dragon Fund's Board intends to launch an Equity Buyback on November 21, 2017.
October 31, 2017 at 12:00 am EDT
On October 31, 2017, the company announced its intention to commence a tender offer to repurchase its shares. Under the offer, the company will repurchase up to 6,327,000 shares, representing 4.99% of the issued share capital. The shares will be repurchased at a price between ZAR 0.01 and ZAR 11.66 per share. The repurchases will be made for cash. The program will commence on December 4, 2017 and will expire on December 18, 2017.