CTF Services Limited Announces Early Redemption of Convertible Bonds

CTF Services Limited has announced the early redemption of its HK$850 million 2.80% convertible bonds initially due in 2027. The decision follows the company's notice to bondholders on February 27, 2026, aiming to redeem all outstanding bonds by April 18, 2026. Currently, HK$212 million of the principal remains outstanding.

The conversion price was adjusted to HK$6.48 per share, effective March 21, 2026, from the previous HK$6.69. If fully converted, this would translate to the issuance of 32,716,049 new shares, increasing the total issued shares by approximately 0.72%.

The bonds are expected to be delisted from the Vienna Stock Exchange around April 20, 2026. Investors are advised to consult their financial advisors for further guidance.