Power Construction of China subsidiary redeems perpetual securities

By Angela McDaniels

Tacoma, Wash., Oct. 21 – Power Construction Corp. of China subsidiary Dianjian Haixing Ltd. redeemed its $500 million senior perpetual securities in full on Oct. 21, according to a filing with the Stock Exchange of Hong Kong Ltd.

The securities were redeemed at their principal amount plus any distribution accrued to the call date, including any arrears of distribution and any additional distribution amount.

The securities have been canceled.

Power Construction is a Beijing-based contracting, investment and real estate development company.

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