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Road King Infrastructure ( (HK:1098) ) just unveiled an announcement.
RKPF Overseas 2019 (E) Limited, an offshore financing vehicle of Road King Infrastructure, has again elected to defer in full the distribution and accrued arrears on its 7.75% senior guaranteed perpetual capital securities due on 18 May 2026. The deferred payments will be moved to the next distribution date under the terms of the securities, extending a series of deferrals that began in November 2024 and continued through 2025.
The issuer cautioned that there is no assurance it will not further defer future distributions on the 7.75% securities, signaling ongoing pressure on its funding flexibility and cash management. Holders are urged to exercise caution when dealing in the securities, as repeated deferrals may heighten concerns over income predictability and risk profile for investors in the perpetual instruments.
More about Road King Infrastructure
Road King Infrastructure Limited is a Bermuda-incorporated company listed in Hong Kong, operating in infrastructure and related investment activities, with financing conducted through offshore entities such as RKPF Overseas 2019 (E) Limited. The group accesses international capital markets, including Singapore, to issue perpetual capital securities as part of its funding structure.
Average Trading Volume: 151,450
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$494.6M
Learn more about 1098 stock on TipRanks’ Stock Analysis page.