Huayi Tencent Entertainment Seeks Connected-Party Approval to Extend HK$60 Million Convertible Bonds

The latest announcement is out from Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ).

Huayi Tencent Entertainment Co., Ltd. has agreed with a connected bondholder to extend by 25 months the maturity date of its outstanding HK$60 million convertible bonds, pushing the due date from 21 March 2026 to 21 April 2028, with all other bond terms unchanged apart from previously disclosed conversion price adjustments. Because the bondholder is ultimately controlled by entities in which the company’s chairman holds a significant interest and another director is a limited partner, the deal is classified as a connected transaction, requiring independent shareholder approval at an extraordinary general meeting; an independent board committee and financial adviser have been appointed, and the interested parties will abstain from voting, underscoring governance and regulatory scrutiny around the extension and its implications for capital structure and minority investors.

The most recent analyst rating on (HK:0419) stock is a Hold with a HK$0.36 price target. To see the full list of analyst forecasts on Huayi Tencent Entertainment Co., Ltd. stock, see the HK:0419 Stock Forecast page.

More about Huayi Tencent Entertainment Co., Ltd.

Huayi Tencent Entertainment Co., Ltd. is a Hong Kong-listed company (stock code: 419) engaged in the entertainment and media sector, with its capital structure including convertible bonds held by investment entities affiliated with Hony Capital. The company’s shareholder base includes strategic financial investors and connected parties, making related-party transactions subject to Hong Kong Listing Rules on connected transactions and minority shareholder protection.

Average Trading Volume: 683,054

Technical Sentiment Signal: Sell

Current Market Cap: HK$570.6M

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