Far East Horizon Ltd. recently announced a partial cancellation of its bonds due to conversion. From June 21, 2025, an aggregate principal amount of U.S.$125,226,000, representing approximately 41.74% of the initial aggregate principal amount of the bonds, was converted and subsequently cancelled. This conversion was executed at a prevailing conversion price of HK$5.19 per share, resulting in the issuance of 187,001,745 new shares, which represent about 4.30% of the company's total issued share capital as of May 31, 2025. After this conversion, the remaining outstanding bonds amount to U.S.$77,508,000, constituting approximately 25.84% of the initial aggregate principal amount.
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