China Hongqiao Group Limited (China Hongqiao) filed its Monthly Return for Equity Issuer for the period ended 31 October 2026, confirming a steady capital structure alongside sizeable outstanding convertibles and pending share cancellations.
Stable Share Base • Authorised capital stayed unchanged at 20.00 billion ordinary shares with a par value of USD 0.01, equivalent to USD 200.00 million. • Issued share count (excluding treasury shares) was flat month-on-month at 9.82 billion. The company reported no treasury shares on its balance sheet. • Public float remained above the minimum listing threshold of 15.04%, satisfying Hong Kong Stock Exchange requirements.
Convertibles Capable of Issuing 393 Million Shares • USD 300.00 million 1.50% Convertible Bonds due 2030 (stock code 05487) may be converted into up to 126.44 million shares at HKD 18.44 each; the conversion window opened on 26 March 2028. • RMB 10.20 billion (USD-settled) Zero Coupon Convertible Bonds due 2027, with a HKD 43.90 conversion price, could deliver 266.64 million shares; conversion has been permissible since 6 May 2026. • Combined, the two instruments could create 393.08 million new shares—equivalent to roughly 4.0% of the current issued share base—should full conversion occur.
Ongoing Share Repurchase Programme On 19 May 2026 the company repurchased an aggregated 107.94 million shares for cancellation at prices ranging from HKD 18.72 to HKD 20.21 per share. These shares remained outstanding but uncancelled as at 31 October 2026, representing about 1.10% of existing issued shares. No additional repurchases were executed in October.
Liquidity and Capital Outlook With issued shares unchanged in October, China Hongqiao preserved headline share capital stability while continuing to manage dilution through buy-backs. Nevertheless, the sizeable optionality embedded in its outstanding convertible bonds could expand the share base by up to 4% if fully exercised, a factor investors may track as the respective conversion periods progress.
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