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Best Food, Controlling Shareholder Extend Maturity Date of Convertible Bond
BEST FOOD HLDG (01488.HK) recommends extending the maturity date of the convertible Bonds.
Gelonghui, on April 3, reports that BEST FOOD HLDG (01488.HK) announced that on April 3, 2025, according to the terms and conditions of the convertible bonds, the company entered into a deferred deed with Jieheng to extend the maturity date of the unconverted convertible bonds amounting to 0.61 billion Hong Kong dollars by 25 months from November 23, 2025, to December 23, 2027 (i.e., the new maturity date of the extended convertible bonds), while all other terms and conditions of the unconverted convertible bonds remain unchanged.
Express News | Best Food Holding Company FY Revenue RMB 474.2 Million
BEST FOOD HLDG: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
BEST FOOD HLDG (01488.HK) expects the annual loss to increase to no more than 0.28 billion yuan.
On March 24, Gronghui reported that BEST FOOD HLDG (01488.HK) announced that the group expects to record a net loss attributable to the company's equity holders for the year 2024, increasing to not more than 0.28 billion yuan, compared to a net loss of 0.163 billion yuan for the year ended December 31, 2023. The expected loss is mainly due to the anticipated recognition of trademark impairment and impairment losses on investments in joint ventures for the year. The trademark impairment is primarily due to (i) the closure of Restaurants and the poor performance of some Restaurants leading to a decline in revenue; and (ii) the enterprise value of comparable companies as of December 31, 2024.
Express News | Best Food - Loss Due to Impairment of Trademarks and Investments for FY
Is Best Food Holding (HKG:1488) Weighed On By Its Debt Load?
