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South China Holdings Company Limited ( (HK:0413) ) has issued an update.
South China Holdings Company Limited has announced proposed alterations to the terms of its bonds, which include extending the maturity date by three years to January 2029, increasing the interest rate from 1% to 2% per annum after the third anniversary, and reducing the conversion price from HK$0.32 to HK$0.28 per share. These changes are classified as connected transactions due to the significant shareholding of Mr. Ng, the company’s executive director and chairman, and require approval from independent shareholders. An extraordinary general meeting (EGM) will be held to seek this approval, with a circular providing further details expected to be dispatched by November 27, 2025.
More about South China Holdings Company Limited
Average Trading Volume: 4,323,968
Technical Sentiment Signal: Buy
Current Market Cap: HK$506.3M
For an in-depth examination of 0413 stock, go to TipRanks’ Overview page.