CCT Fortis said a proposed deed to amend its 2025 convertible bonds was terminated after more than 50% of independent shareholder votes at an SGM were cast against the resolution. The amendments will not take effect, and the bonds became due on 31 December 2025. The company said it is exploring alternative funding, including new debt financing, equity fundraising and asset disposals, to repay principal and accrued interest. It is also discussing undertakings from bondholders not to demand repayment for a period exceeding one year.

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