Central Development Calls EGM to Approve HK$35 Million Loan-to-Equity Conversion

Central Development Holdings Limited ( (HK:0475) ) just unveiled an update.

Central Development Holdings Limited has called an extraordinary general meeting for 20 January 2026 in Hong Kong, where shareholders will vote on a proposed loan capitalisation involving the conversion of HK$35 million of an unsecured shareholder loan owed to Mr. Hu into equity. Under the proposal, Oceanic Capital will subscribe for 87.5 million new shares at HK$0.40 per share, subject to Stock Exchange approval, and directors are seeking a specific mandate to allot and issue these capitalisation shares and to execute all related documentation, a move that would strengthen the company’s balance sheet by reducing debt while diluting existing shareholdings.

The most recent analyst rating on (HK:0475) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Central Development Holdings Limited stock, see the HK:0475 Stock Forecast page.

More about Central Development Holdings Limited

Central Development Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands with limited liability and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 475. The group maintains operations in Hong Kong through its principal place of business in Wan Chai, and is governed by a board chaired by executive director Wu Hao.

Average Trading Volume: 42,000

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$144.2M

For an in-depth examination of 0475 stock, go to TipRanks’ Overview page.