CCT Fortis Holdings Limited (stock code: 00138) has announced a series of proposals, including a capital reorganisation, a change in board lot size, and amendments to existing convertible bonds due 2025. The company intends to consolidate every ten shares of HK$0.10 par value each into one consolidated share of HK$1.00 par value, followed by a capital reduction and share subdivision so that each consolidated share will have a par value of HK$0.10.

Upon completion, the issued share capital will be reduced accordingly, and a credit from the reduction of approximately HK$143.97 million will be transferred to the contributed surplus account. The company further proposes changing the trading board lot size from 2,000 shares to 5,000 adjusted shares. These changes aim to improve trading efficiency and maintain compliance with relevant regulations.

In parallel, the company has entered into a deed of amendment with bondholders regarding its convertible bonds. Key changes include extending the bonds’ maturity date from 31 December 2025 to 31 December 2027, reducing the interest rate from 4.5% per annum to 0% per annum from 1 January 2026, and converting accrued interest into an interest-free loan repayable on demand. Such arrangements allow the company to defer repayment obligations and improve its liquidity.

A special general meeting is scheduled for 25 February 2026, during which shareholders will consider and vote on the proposed capital reorganisation, the change in board lot size, and the convertible bond amendments. Shareholders are advised to review the detailed information and voting procedures contained in the circular and related documentation.