Times China grows share base by 2.19% after 63.97 million-share MCB conversions

Bulletin Express05-27

Times China Holdings Limited disclosed on 27 May 2026 that it has increased its issued ordinary share capital through the conversion of two series of Zero-Coupon Mandatory Convertible Bonds (MCBs) due 2027.

The company issued 55.22 million new shares at HKD 6.00 per share upon conversion of “MCB I”, equivalent to 1.89 % of the pre-event share base. A further 8.74 million shares were issued at HKD 10.00 per share from the conversion of “MCB II”, adding 0.30 %. In aggregate, 63.97 million new shares were allotted, expanding the company’s outstanding share count by 2.19 %.

Following these conversions, Times China’s issued shares rose from 2.92 billion to 2.98 billion. The filing confirms that the transactions were fully authorised, all proceeds were received, and the company holds no treasury shares; no share repurchases or cancellations were reported.

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