China CITIC Bank (HKG:0998, SHA:601998) fully redeemed 35 billion yuan worth of domestic preference shares issued in 2016, according to a Tuesday filing with the Hong Kong bourse.
The lender paid 36.43 billion yuan to buy back the 350 million shares. The total covers the nominal value and dividends for the holding period from Oct. 26, 2025, to Oct. 25, 2026.
The preference shares were subsequently canceled on Monday.
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