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CCT Fortis Holdings Limited ( (HK:0138) ) has provided an announcement.
CCT Fortis Holdings Limited has proposed a capital reorganisation involving a 10‑for‑1 share consolidation, followed by a reduction in the par value of each consolidated share from HK$1.00 to HK$0.10, and a corresponding change in trading board lot size from 2,000 existing shares to 5,000 adjusted shares to increase the value of each board lot. The company has also agreed with bondholders to amend the terms of its 2025 convertible bonds by extending the maturity date by two years to 2027, raising the conversion price to HK$0.45 per share, reducing the coupon to zero from 2026, and converting all accrued interest into on-demand, zero‑interest shareholder loans, moves that collectively aim to streamline the capital structure and manage refinancing risk, subject to regulatory approvals and shareholder safeguards under Hong Kong listing rules.
The most recent analyst rating on (HK:0138) stock is a Sell with a HK$0.07 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 company incorporated in the Cayman Islands and continued in Bermuda with limited liability, whose shares trade on the Main Board of the Stock Exchange of Hong Kong under stock code 00138.
Average Trading Volume: 435,711
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$112M
Learn more about 0138 stock on TipRanks’ Stock Analysis page.