Shoucheng Holdings Announces Conversion of 96% of US$180 Million Convertible Bonds and Plans Early Redemption of Remaining Bonds

Reuters12-09

Shoucheng Holdings Announces Conversion of 96% of US$180 Million Convertible Bonds and Plans Early Redemption of Remaining Bonds

Shoucheng Holdings Ltd. has announced updates on its U.S.$180 million 0.75% convertible bonds due 2026. As of the latest announcement, bondholders have converted bonds with a principal amount of U.S.$173.15 million into 843,540,434 shares, representing around 96% of the original bond issuance and approximately 10% of the company's total shares in issue. The remaining outstanding bonds are valued at U.S.$6.85 million. With over 90% of the bonds converted and cancelled, the company intends to exercise its early redemption option to redeem the remaining bonds at their principal amount plus accrued interest.

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. Shoucheng Holdings Ltd. 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-20251209-11948842), on December 08, 2025, and is solely responsible for the information contained therein.

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