CCT Fortis lowers conversion price for convertible bonds

New York, Sept. 14 – CCT Fortis Holdings Ltd. reduced the conversion price for its HK$250.2 million of convertible bonds to HK$0.84 from HK$0.87.

The change follows the declaration of an interim dividend of HK$0.35 per share on Aug. 26, according to a notice from the company.

Conversions will use the new price effective from Sept. 15, CCT Fortis said.

CCT Fortis’ businesses include property development and capital investment. The Hong Kong company also manufactures and sells telecommunications products and accessories.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.