TOM GROUP (02383) Issues HK$4.5 Billion Subordinated Perpetual Securities to Repay Significant Liabilities
Stock News
Nov 27, 2025
TOM GROUP (02383) announced that on November 27, 2025, the company issued, and Hutchison Whampoa Europe Investments S.à r.l (the subscriber) subscribed to, subordinated perpetual securities with a total principal amount of HK$4.5 billion. The subscriber is an indirect wholly-owned subsidiary of CK Hutchison Holdings Limited, one of the major shareholders of TOM GROUP.
The proceeds from the issuance of perpetual securities will primarily be used to repay significant liabilities of the company and its subsidiaries, including the group's long-term non-current bank loans and accrued interest. Prior to this issuance, the total amount of these liabilities was approximately HK$4.08 billion, along with related expenses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.