CROSSTEC issues 50 million new shares from convertible note conversion, enlarging share base by 6.98%

Bulletin Express05-11

CROSSTEC Group Holdings Limited disclosed a 6.98% expansion of its share capital following the conversion of convertible notes into equity.

On 11 May 2026, 50 million ordinary shares were allotted at HKD 0.11 each under the MKI Subscription Agreement dated 2 June 2025, previously detailed in the company’s circular of 8 August 2025 and announcement of the same date. The conversion adds roughly HKD 5.50 million in new capital based on the stated issue price.

The company’s issued share count rose from 716.62 million to 766.62 million shares. CROSSTEC confirmed it holds no treasury shares and reported no share repurchases or on-market treasury share disposals during the period.

Management affirmed that the share issuance was duly authorised and executed in accordance with Hong Kong Listing Rules and all applicable legal and regulatory requirements.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1150877790?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-11 17:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150877790","market":"hk","top_or_hot":-1,"title":"CROSSTEC issues 50 million new shares from convertible note conversion, enlarging share base by 6.98%","media":"Bulletin Express","content":"<p>CROSSTEC Group Holdings Limited disclosed a 6.98% expansion of its share capital following the conversion of convertible notes into equity.</p>\n<p>On 11 May 2026, 50 million ordinary shares were allotted at HKD 0.11 each under the MKI Subscription Agreement dated 2 June 2025, previously detailed in the company’s circular of 8 August 2025 and announcement of the same date. The conversion adds roughly HKD 5.50 million in new capital based on the stated issue price.</p>\n<p>The company’s issued share count rose from 716.62 million to 766.62 million shares. CROSSTEC confirmed it holds no treasury shares and reported no share repurchases or on-market treasury share disposals during the period.</p>\n<p>Management affirmed that the share issuance was duly authorised and executed in accordance with Hong Kong Listing Rules and all applicable legal and regulatory requirements.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CROSSTEC issues 50 million new shares from convertible note conversion, enlarging share base by 6.98%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCROSSTEC issues 50 million new shares from convertible note conversion, enlarging share base by 6.98%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-05-11 17:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CROSSTEC Group Holdings Limited disclosed a 6.98% expansion of its share capital following the conversion of convertible notes into equity.</p>\n<p>On 11 May 2026, 50 million ordinary shares were allotted at HKD 0.11 each under the MKI Subscription Agreement dated 2 June 2025, previously detailed in the company’s circular of 8 August 2025 and announcement of the same date. The conversion adds roughly HKD 5.50 million in new capital based on the stated issue price.</p>\n<p>The company’s issued share count rose from 716.62 million to 766.62 million shares. CROSSTEC confirmed it holds no treasury shares and reported no share repurchases or on-market treasury share disposals during the period.</p>\n<p>Management affirmed that the share issuance was duly authorised and executed in accordance with Hong Kong Listing Rules and all applicable legal and regulatory requirements.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03893","symbol_name":"易纬集团","start_time":0,"source_url":"","article_id":"1150877790","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150877790","pubTimestamp":1778491401,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"CROSSTEC Group Holdings Limited disclosed a 6.98% expansion of its share capital following the conversion of convertible notes into equity. On 11 May 2026, 50 million ordinary shares were allotted at...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03893":"易纬集团"},"translate_title":"CROSSTEC通过可换股票据转换发行5000万股新股，股份基础扩大6.98%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03893":1},"content_text":"CROSSTEC Group Holdings Limited disclosed a 6.98% expansion of its share capital following the conversion of convertible notes into equity.\nOn 11 May 2026, 50 million ordinary shares were allotted at HKD 0.11 each under the MKI Subscription Agreement dated 2 June 2025, previously detailed in the company’s circular of 8 August 2025 and announcement of the same date. The conversion adds roughly HKD 5.50 million in new capital based on the stated issue price.\nThe company’s issued share count rose from 716.62 million to 766.62 million shares. CROSSTEC confirmed it holds no treasury shares and reported no share repurchases or on-market treasury share disposals during the period.\nManagement affirmed that the share issuance was duly authorised and executed in accordance with Hong Kong Listing Rules and all applicable legal and regulatory requirements.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150877790","isCrawlerRequest":true}