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CCT Fortis Holdings Limited ( (HK:0138) ) has issued an announcement.
CCT Fortis Holdings Limited has announced that proposed amendments to its 2025 convertible bonds will not proceed after independent shareholders voted down the related resolution at a special general meeting, leaving the bonds due as originally scheduled on 31 December 2025. With the deed of amendment terminated, the company must now address repayment of both principal and accrued interest under the original bond terms.
In response, the company says it is exploring alternative funding options, including new debt financing, additional bank borrowings, equity fund-raising such as share placings and rights issues, and potential asset disposals to generate cash for orderly repayment. It is also negotiating with bondholders for undertakings not to demand repayment for more than a year, which would allow reclassification of the bonds as long-term liabilities and help mitigate immediate pressure on liquidity and short‑term solvency perceptions.
The most recent analyst rating on (HK:0138) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on CCT Fortis Holdings Limited stock, see the HK:0138 Stock Forecast page.
More about CCT Fortis Holdings Limited
CCT Fortis Holdings Limited is a Hong Kong-listed investment holding company incorporated in the Cayman Islands and continued in Bermuda with limited liability. The group is engaged in diversified businesses and raises capital on the Hong Kong market, where it has issued convertible bonds as part of its financing structure.
Average Trading Volume: 38,640
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$89.58M
For a thorough assessment of 0138 stock, go to TipRanks’ Stock Analysis page.