Binhai Investment (02886.HK) plans to redeem the redeemable preferred shares held by Thai Gang Property.

According to the Zhongtong Financial APP news, Binhai Investment (02886.HK) issued an announcement on the date of this announcement that the company has 2.88 million redeemable preferred shares issued, all held by Tai Da Hong Kong Property Co., Ltd. (Tai Gang Property). According to the company's new company rules, the company can redeem the redeemable preferred shares only after the following conditions are met: