Convertible Bonds Exercise Leads to 110 Million New Shares Issued by Crosstec

Stock News04-27 17:25

Crosstec Group (03893) has announced that it received a conversion notice from HIL regarding the partial conversion of HIL's convertible bonds. The conversion was executed at HK$0.11 per share for a principal amount of HK$12.1 million. The share conversion and issuance of a total of 110 million new shares were completed on April 27, 2026. Following the issuance of these conversion shares and as of the date of this announcement, the company's total number of issued shares has increased to 716.6 million. The conversion shares represent approximately 18.13% of the issued share capital immediately prior to the allotment and issuance, and approximately 15.35% of the enlarged issued share capital after the allotment and issuance. MKI remains the company's largest shareholder, holding 174.7 million shares, which constitutes approximately 24.38% of the enlarged issued share capital as of the announcement date.

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