China Properties Investment (HKG:0736) announced that it redeemed early the remaining HK$8 million amount of convertible bonds on 17 January 2012 and satisfied the redemption using internal resources.

The board considers that the redemption can reduce the company's debt position and the ongoing interest costs and therefore it is in the interests of the company and its shareholders as a whole.

Following the redemption, there is no outstanding amount of the convertible bonds.