HSBC China Dragon Fund announces an Equity Buyback for 26,855,984 shares, representing 20% of its issued share capital.
January 24, 2017 at 12:00 am EST
HSBC China Dragon Fund announces a share repurchase program. Under the program, the company will repurchase up to 26,855,984 shares, representing 20% of the total outstanding number of Units. Repurchases will be made through an off-market repurchase offer. All repurchased units will be cancelled. The shares will be purchased for cash. The program will commence on February 28, 2017 and will expire on March 14, 2017.