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CTF SERVICES Plans to Issue HKD850M Convertible Bonds at 2% Premium to Restore Public Float
In order to restore its public float, CTF SERVICES (00659.HK) announced a proposal to simultaneously repurchase HKD780 million 4% convertible bonds due 2025 and issue HKD850 millio...
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CTF SERVICES Plans to Issue HKD850M Convertible Bonds at 2% Premium to Restore Public Float
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In order to restore its public float, CTF SERVICES (00659.HK)  +0.030 (+0.397%)    Short selling $6.12M; Ratio 65.475%   announced a proposal to simultaneously repurchase HKD780 million 4% convertible bonds due 2025 and issue HKD850 million 2.8% convertible bonds due 2027, with an initial conversion price of HKD7.67 per share (about 2% premium over yesterday's (10th) closing price of HKD7.52), convertible into 111 million company shares (about 2.69% of the enlarged share capital).

The net proceeds are expected to be around HKD843 million, with around HKD571 million intended to fund the concurrent repurchase and the remainder for general corporate purposes.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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