CCT Fortis Completes Convertible Bond Transfer

CCT Fortis Holdings Limited (HK:0138) has released an update.

CCT Fortis Holdings Limited has completed the partial transfer of 4.5% coupon convertible bonds due in 2025, with HK$20,000,000 of the principal amount shifted to a company controlled by Mr. Mak Chun Kiu, a connected person and the son of the company’s chairman Mr. Mak Shiu Tong, Clement. The company’s board approved the transaction, which does not affect the shareholders’ interests, and post-transfer, the principal amount held by the subscriber is HK$83,000,000 while Cheer Fame International Limited holds HK$20,000,000.

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