SINO-OCEAN GP boosts share capital by 0.53% after HK$393.34 million convertible bond conversions

Bulletin Express10-28 17:02

Sino-Ocean Group Holding Limited (SINO-OCEAN GP) disclosed on 28 October 2026 that mandatory conversions of its Class A-D zero-coupon convertible bonds, all due in 2027 and originally issued on 27 March 2025, have increased the company’s issued ordinary shares by 67.72 million.

The four conversions were completed on 28 October 2026: • Class A: 29.32 million new shares issued at HK$1.55 each (HK$45.44 million) • Class B: 24.56 million shares at HK$5.74 (HK$140.95 million) • Class C: 8.41 million shares at HK$17.26 (HK$145.10 million) • Class D: 5.44 million shares at HK$11.36 (HK$61.85 million)

Aggregate consideration for the conversions amounts to approximately HK$393.34 million. The company’s total issued share count rose from 12.67 billion to 12.74 billion, representing a 0.53 % expansion. No treasury shares were held, redeemed, or cancelled in the period.

Management confirmed that the share issues were duly authorised and executed in full compliance with Hong Kong Stock Exchange listing rules and all relevant legal and regulatory requirements.

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