MOMENTUM FIN (01152) Issues 555 Million Shares Following Conversion of Convertible Bonds

Stock News04-14 19:56

MOMENTUM FIN (01152) announced that on April 9, 2026, the company received conversion notices from Mr. Zhou Duanyang and Nova Pacific Investments Inc. exercising their right to convert convertible bonds with a total principal amount of HK$40.509 million. The conversion was executed at a price of HK$0.073 per share, resulting in the issuance of 555 million new shares. Pursuant to the exercise of the conversion rights attached to the aforementioned bonds, the company will allot and issue 555 million shares to the subscribers under a specific authorization. The newly issued shares will rank equally in all respects with the existing issued shares on the date of allotment. Following the allotment and issuance, the total number of issued shares will increase by 555 million to 3.322 billion shares. These 555 million shares represent approximately (i) 20.05% of the company's existing issued share capital immediately prior to the conversion, and (ii) about 16.70% of the enlarged issued share capital after the issuance.

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