Nine Dragons Paper (02689.HK) initiates a $4 billion perpetual capital securities repurchase offer to optimize its capital structure.

Intelligence Finance APP News, Nine Dragons Paper (02689.HK) announced that on June 15, 2026, the company initiated a cash repurchase offer for any and all unredeemed $400 million 14.00% preferred perpetual capital securities. The company aims to further enhance its profit and optimize its capital structure through the offer. Any securities repurchased by the company under the offer will be immediately cancelled and withdrawn upon delivery to the company.