Times China converts USD 278M mandatory convertible bonds into new shares under restructuring

Reuters04-01

<a href="https://laohu8.com/S/01233">Times China</a> converts USD 278M mandatory convertible bonds into new shares under restructuring

Times China reported continued implementation of action plans to address auditors’ going-concern disclaimer of opinion for FY2024 and FY2025.
Mandatory convertible bonds due 2027 with aggregate principal of USD 220 million converted into 280 million new shares at HKD 6 per share.
Additional mandatory convertible bonds due 2027 with aggregate principal of USD 61 million converted into 48 million new shares at HKD 10 per share.
Consent solicitations launched on March 26, 2026 to amend carve-out terms and waive multiple actual or potential defaults on included offshore indebtedness.
New senior notes issued on March 30, 2026 totaling USD 29 million to settle accrued interest in kind, supporting liquidity.

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. Times China 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-20260331-12083888), on March 31, 2026, and is solely responsible for the information contained therein.

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