CTF Services (HKG:0659) said all of its HK$850 million 2.80% convertible bonds due 2027 will be fully converted into new shares by Tuesday, according to a March 6 Hong Kong bourse filing.
Shares of the construction firm were down nearly 3% in Monday morning trade.
Following the conversions, no convertible bonds will remain outstanding, the filing said.
The bonds' last trading day on the Vienna Stock Exchange will be March 6, and they are expected to be delisted on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments