TOM GROUP receives subscription of 4.5 billion yuan for perpetual securities from a subsidiary of CKH HOLDINGS (Correction)

TOM GROUP (02383.HK) announced that it has received a subscription of HKD 4.5 billion in deferred perpetual securities from Hutchison Whampoa Europe Investments S.a r.l, a wholly-owned subsidiary of CK Hutchison. CK Hutchison is one of the major shareholders of the group.

The proceeds from the issuance of perpetual securities will primarily be used to repay the group's significant liabilities, including long-term non-current bank loans along with accrued interest (the total amount before this issuance is approximately HKD 4.08 billion) and related expenses.

Currently, it is expected that the perpetual securities will be classified as equity according to the group's relevant accounting standards, and this issuance and repayment of bank loans will have a positive impact on reducing the group's capital-to-debt ratio and improving net asset status. After the improvement of working capital and capital status, the company will be able to better utilize its cash flow to seize investment opportunities and focus on the group's business operations and development.

(News: 2025-11-28 10:07:11 TOM GROUP (02383.HK) receives subscription of HKD 4.5 billion deferred perpetual securities from CK Hutchison subsidiary)