CCT Fortis terminates 2025 convertible bond amendment after shareholders vote it down

Reuters

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CCT Fortis terminates 2025 convertible bond amendment after shareholders vote it down

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CCT Fortis Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260312-12049817), on March 12, 2026, and is solely responsible for the information contained therein.

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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.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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It is also discussing undertakings from bondholders not to demand repayment for a period exceeding one year.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CCT Fortis Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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