Tongguan Gold Group (00340) Announces Partial Conversion of Convertible Bond

Bulletin Express01-28

According to an announcement by Tongguan Gold Group Limited (00340), the company has received a conversion notice from Tongfei Investment Limited for a partial exercise of a convertible bond. The principal amount converted is HK$6.6 million at a conversion price of HK$1.1 per share, resulting in the issuance of 6,000,000 new shares on 28 January 2026. The remaining outstanding principal stands at HK$26.4 million.

The newly issued shares represent approximately 0.11% of the company’s total issued shares immediately before the conversion and the same proportion after the allotment. The shares from this conversion rank pari passu with existing shares.

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