CROSSTEC issues 110.00 million new shares on HK$12.10 million bond conversion; total share count rises to 716.62 million

Bulletin Express04-27 17:26

CROSSTEC Group Holdings Limited announced that investor HIL has converted HK$12.10 million in principal amount of its outstanding convertible bonds at a fixed price of HK$0.11 per share. The transaction, completed on 27 April 2026, generated 110.00 million new ordinary shares.

Following the allotment, CROSSTEC’s issued share capital expanded from 606.62 million to 716.62 million shares, an 18.10 % increase. The freshly issued shares account for 18.13 % of the pre-conversion capital base and 15.35 % of the enlarged share capital.

Shareholding realignment • MKI remains the largest shareholder with 174.70 million shares, moving from 28.80 % to 24.38 % of the company’s enlarged equity. • HIL’s holding rose from 20.00 million shares (3.30 %) to 130.00 million shares (18.14 %), reflecting the full impact of the bond conversion. • Public shareholders retain 411.92 million shares; their aggregate stake decreased from 67.90 % to 57.48 % post-conversion.

No other structural or financial terms were altered as part of this conversion. The board composition—one executive director and three independent non-executive directors—remains unchanged.

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