Best Food (HKG:1488) and Sonic Tycoon agreed to extend the maturity date of an outstanding convertible bond in the principal amount of nearly HK$610.7 million to Dec. 23, 2027, from Nov. 23, 2025, previously, a Thursday filing with the Hong Kong bourse said.
All other terms and conditions of the outstanding convertible bond remain unchanged, according to the restaurant chain operator.
Sonic Tycoon had subscribed for HK$1.5 billion and HK$750 million of convertible bonds issued by the company in September 2016 and November 2018, respectively. Part of the bonds were converted by Sonic Tycoon in March 2019.
Sonic Tycoon currently holds 1,183,998,000, or 75%, shares in the company, making it the firm's controlling shareholder.
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