CCT Fortis Holdings trims conversion price for convertible bonds

By Marisa Wong

Morgantown, W.Va., Sept. 18 – CCT Fortis Holdings Ltd. reduced the conversion price for its HK$250.2 million of outstanding convertible bonds to HK$0.72 from HK$0.75.

The adjustment is due to an interim dividend of HK$0.035 per share for the 2018 fiscal year. The dividend was declared on Aug. 30, according to a notice from the company.

The new price will be effective from Sept. 19.

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

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