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An announcement from CCT Fortis Holdings Limited ( (HK:0138) ) is now available.
CCT Fortis Holdings Limited announced the disposal of its entire equity interest in a subsidiary, the Target Company, for HK$5,580,000. This transaction, involving a connected person under the Listing Rules, will result in the Target Company no longer being consolidated into the Group’s financial statements. The sale is structured to offset the outstanding principal of the 2025 Convertible Bonds held by the Purchaser, reducing the amount from HK$10,500,000 to HK$4,920,000, and impacting the overall outstanding principal of the bonds issued by the company.
More about CCT Fortis Holdings Limited
Average Trading Volume: 371,697
Technical Sentiment Signal: Sell
Current Market Cap: HK$136M
For an in-depth examination of 0138 stock, go to TipRanks’ Overview page.