CTF Services Completes Full Conversion and Delisting of HK$850 Million Convertible Bonds

The latest update is out from NWS Holdings ( (HK:0659) ).

CTF Services Limited has announced that all outstanding HK$850 million 2.80% convertible bonds due 2027 will be fully converted into new shares by 10 March 2026, leaving no bonds remaining in issue. This full conversion marks the completion of the company’s equity-linked financing under this instrument and effectively increases its share capital base while eliminating associated debt obligations.

Following the full conversion, the company has notified the Vienna Stock Exchange that the bonds’ last trading day will be 6 March 2026, with delisting expected on 10 March 2026. The withdrawal of the bond listing streamlines CTF Services’ capital structure and removes these securities from trading, signalling the end of this particular funding programme for investors and bondholders.

The most recent analyst rating on (HK:0659) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on NWS Holdings stock, see the HK:0659 Stock Forecast page.

More about NWS Holdings

CTF Services Limited, incorporated in Bermuda and listed in Hong Kong under stock code 00659, operates as part of the broader NWS Holdings corporate group. The company is active in capital markets financing, including issuance of convertible bonds listed on overseas exchanges such as the Vienna Stock Exchange, to support its corporate and investment activities.

Average Trading Volume: 2,639,565

Technical Sentiment Signal: Buy

Current Market Cap: HK$39.56B

See more insights into 0659 stock on TipRanks’ Stock Analysis page.