CROSSTEC issues 80 million new shares after HK$8.80 million convertible bond conversion

Bulletin Express04-01 17:07

CROSSTEC Group Holdings Limited completed a partial conversion of its outstanding convertible bonds on 1 April 2026, issuing 80.00 million new shares at HK$0.11 per share. The conversion, requested by bondholder HIL, involved a principal amount of HK$8.80 million and expanded the company’s total issued shares by 17.14% to 546.62 million.

Following the allotment, HIL’s equity stake rose from 4.29% to 18.29%, reflecting an increase in its shareholding from 20.00 million to 100.00 million shares. MKI remained the largest shareholder with 114.70 million shares, although its ownership diluted from 24.58% to 20.98% due to the enlarged capital base. Public shareholders now hold 331.92 million shares, representing 60.73% of the company.

The newly issued shares account for 14.64% of CROSSTEC’s enlarged share capital. No change occurred in the board composition, which continues to comprise one executive director and three independent non-executive directors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1105045668?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-01 17:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1105045668","market":"us","top_or_hot":-1,"title":"CROSSTEC issues 80 million new shares after HK$8.80 million convertible bond conversion","media":"Bulletin Express","content":"<p>CROSSTEC Group Holdings Limited completed a partial conversion of its outstanding convertible bonds on 1 April 2026, issuing 80.00 million new shares at HK$0.11 per share. The conversion, requested by bondholder HIL, involved a principal amount of HK$8.80 million and expanded the company’s total issued shares by 17.14% to 546.62 million.</p>\n<p>Following the allotment, HIL’s equity stake rose from 4.29% to 18.29%, reflecting an increase in its shareholding from 20.00 million to 100.00 million shares. MKI remained the largest shareholder with 114.70 million shares, although its ownership diluted from 24.58% to 20.98% due to the enlarged capital base. Public shareholders now hold 331.92 million shares, representing 60.73% of the company.</p>\n<p>The newly issued shares account for 14.64% of CROSSTEC’s enlarged share capital. No change occurred in the board composition, which continues to comprise one executive director and three independent non-executive directors.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CROSSTEC issues 80 million new shares after HK$8.80 million convertible bond conversion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCROSSTEC issues 80 million new shares after HK$8.80 million convertible bond conversion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-04-01 17:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CROSSTEC Group Holdings Limited completed a partial conversion of its outstanding convertible bonds on 1 April 2026, issuing 80.00 million new shares at HK$0.11 per share. The conversion, requested by bondholder HIL, involved a principal amount of HK$8.80 million and expanded the company’s total issued shares by 17.14% to 546.62 million.</p>\n<p>Following the allotment, HIL’s equity stake rose from 4.29% to 18.29%, reflecting an increase in its shareholding from 20.00 million to 100.00 million shares. MKI remained the largest shareholder with 114.70 million shares, although its ownership diluted from 24.58% to 20.98% due to the enlarged capital base. Public shareholders now hold 331.92 million shares, representing 60.73% of the company.</p>\n<p>The newly issued shares account for 14.64% of CROSSTEC’s enlarged share capital. No change occurred in the board composition, which continues to comprise one executive director and three independent non-executive directors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03893","symbol_name":"易纬集团","start_time":0,"source_url":"","article_id":"1105045668","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105045668","pubTimestamp":1775034473,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"CROSSTEC Group Holdings Limited completed a partial conversion of its outstanding convertible bonds on 1 April 2026, issuing 80.00 million new shares at HK$0.11 per share. The conversion, requested...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03893":"易纬集团"},"translate_title":"CROSSTEC在880万港元可换股债券转换后发行8000万股新股","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03893":1},"content_text":"CROSSTEC Group Holdings Limited completed a partial conversion of its outstanding convertible bonds on 1 April 2026, issuing 80.00 million new shares at HK$0.11 per share. The conversion, requested by bondholder HIL, involved a principal amount of HK$8.80 million and expanded the company’s total issued shares by 17.14% to 546.62 million.\nFollowing the allotment, HIL’s equity stake rose from 4.29% to 18.29%, reflecting an increase in its shareholding from 20.00 million to 100.00 million shares. MKI remained the largest shareholder with 114.70 million shares, although its ownership diluted from 24.58% to 20.98% due to the enlarged capital base. Public shareholders now hold 331.92 million shares, representing 60.73% of the company.\nThe newly issued shares account for 14.64% of CROSSTEC’s enlarged share capital. No change occurred in the board composition, which continues to comprise one executive director and three independent non-executive directors.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1105045668","isCrawlerRequest":true}