CROSSTEC Group (03893) Issues 40 Million Shares Following Conversion of Convertible Bonds

Stock News01-13

CROSSTEC Group (03893) announced that the company has received a conversion notice from HIL regarding the conversion of a portion of the HIL convertible bonds, involving a principal amount of HK$4.4 million, at a conversion price of HK$0.11 per share. The conversion and the issuance of a total of 40 million corresponding conversion shares were completed on January 13, 2026. Following the issuance of these conversion shares and as of the date of this announcement, the total number of issued shares of the company has increased to 266.6 million. The conversion 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 following the allotment and issuance. MKI remains the company's largest shareholder, holding 54.7 million shares, which constitutes approximately 20.52% of the company's 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