CROSSTEC Group Issues 70 Million Shares Following Bond Conversion

Stock News03-13 17:05

CROSSTEC Group (03893) has announced that it received a conversion notice from HIL regarding the conversion of a portion of HIL's convertible bonds. The bonds, with a principal amount of HK$7.7 million, were converted at a price of HK$0.11 per share. The conversion and issuance of a total of 70 million new shares were completed on March 13, 2026. Following the issuance of these shares and as of the date of this announcement, the company's total issued share capital has increased to 467 million shares. The newly converted shares represent approximately 17.65% of the company's issued share capital immediately prior to the allotment and issuance, and approximately 15.00% of the enlarged issued share capital after the allotment and issuance. MKI remains the company's largest shareholder, holding 114.7 million shares, which constitutes approximately 24.58% of the enlarged issued share capital as of the date of this announcement.

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