South China Holdings (00413) Announces Proposed Amendments to HK$89.84 Million Convertible Bonds

Bulletin Express
Dec 04, 2025

South China Holdings Company Limited (00413) issued an announcement regarding proposed alterations to its outstanding HK$89,840,000 convertible bonds. The maturity date is to be extended by three years, moving from 12 January 2026 to 12 January 2029. Under the revised terms, the interest rate of 1% per annum remains in effect until the third anniversary of issuance, and it will increase to 2% per annum thereafter until maturity. In addition, the conversion price is set to be adjusted from HK$0.32 to HK$0.28 per share, subject to customary anti-dilution mechanisms.

The related Extraordinary General Meeting is scheduled for 12 January 2026. The transaction requires the approval of independent shareholders, and the company intends to proceed once necessary conditions and regulatory consents are fulfilled.

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