Far East Horizon: $300m bonds fully converted, delisting imminent

Far East Horizon Limited (HKEX: 3360) announced that all outstanding USD300,000,000 2.50% guaranteed convertible bonds due 2025, issued by Universe Trek Limited, have been fully converted into ordinary shares of the Company. Consequently, both the Issuer and Far East Horizon have applied to The Stock Exchange of Hong Kong Limited for the withdrawal of the bonds' listing. The delisting is expected to take effect on or around July 10, 2025. The original bonds were issued in June and July of 2020. Adjustments to the conversion price were made on multiple occasions between 2020 and April 2025, with partial cancellations occurring in June 2025, all related to the conversion process.