Far East Horizon announces partial bond cancellation due to conversion

Far East Horizon (HKEX: 3360) announced the partial cancellation of its U.S.$300,000,000 2.50 per cent. guaranteed convertible bonds due 2025, stock code 40295, as a result of bond conversions. Between June 14, 2025, and the date of the announcement, U.S.$42,361,000 in bonds, representing approximately 14.12% of the initial principal amount, were converted at a price of HK$5.19 per share. This conversion resulted in the issuance of 63,258,275 new shares, representing approximately 1.46% of the Guarantor's total issued share capital as of May 31, 2025. The remaining outstanding principal amount of the bonds is U.S.$202,734,000, representing approximately 67.58% of the initial issuance. Future conversions of these outstanding bonds could potentially result in the issuance of shares amounting to roughly 6.97% of the guarantor’s issued share capital.