CROSSTEC lifts outstanding share count by 5.93 % after HKD 0.11 per-share bond conversion

Bulletin Express07-20

On 20 July 2026, CROSSTEC Group Holdings Limited disclosed a Next Day Disclosure Return showing the allotment of 59.09 million new ordinary shares arising from the conversion of convertible notes issued under the MKI Subscription Agreement dated 2 June 2025.

The conversion, effected at HKD 0.11 per share, expands CROSSTEC’s issued share capital to 1.05 billion shares from 995.71 million, representing a 5.93 % increase. The transaction implies gross proceeds of approximately HKD 6.50 million.

No treasury shares were outstanding before or after the transaction, and the company reported no share repurchases or on-market sales of treasury shares for the period.

Management confirmed that the share issuance was duly authorised, all subscription monies were received, and all Hong Kong Stock Exchange and statutory compliance requirements have been met.

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/1153515839?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-20 17:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153515839","market":"us","top_or_hot":-1,"title":"CROSSTEC lifts outstanding share count by 5.93 % after HKD 0.11 per-share bond conversion","media":"Bulletin Express","content":"<p>On 20 July 2026, CROSSTEC Group Holdings Limited disclosed a Next Day Disclosure Return showing the allotment of 59.09 million new ordinary shares arising from the conversion of convertible notes issued under the MKI Subscription Agreement dated 2 June 2025.</p>\n<p>The conversion, effected at HKD 0.11 per share, expands CROSSTEC’s issued share capital to 1.05 billion shares from 995.71 million, representing a 5.93 % increase. The transaction implies gross proceeds of approximately HKD 6.50 million.</p>\n<p>No treasury shares were outstanding before or after the transaction, and the company reported no share repurchases or on-market sales of treasury shares for the period.</p>\n<p>Management confirmed that the share issuance was duly authorised, all subscription monies were received, and all Hong Kong Stock Exchange and statutory compliance requirements have been met.</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 lifts outstanding share count by 5.93 % after HKD 0.11 per-share bond conversion</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 lifts outstanding share count by 5.93 % after HKD 0.11 per-share bond conversion\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\">2026-07-20 17:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On 20 July 2026, CROSSTEC Group Holdings Limited disclosed a Next Day Disclosure Return showing the allotment of 59.09 million new ordinary shares arising from the conversion of convertible notes issued under the MKI Subscription Agreement dated 2 June 2025.</p>\n<p>The conversion, effected at HKD 0.11 per share, expands CROSSTEC’s issued share capital to 1.05 billion shares from 995.71 million, representing a 5.93 % increase. The transaction implies gross proceeds of approximately HKD 6.50 million.</p>\n<p>No treasury shares were outstanding before or after the transaction, and the company reported no share repurchases or on-market sales of treasury shares for the period.</p>\n<p>Management confirmed that the share issuance was duly authorised, all subscription monies were received, and all Hong Kong Stock Exchange and statutory compliance requirements have been met.</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":"1153515839","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153515839","pubTimestamp":1784539371,"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":"On 20 July 2026, CROSSTEC Group Holdings Limited disclosed a Next Day Disclosure Return showing the allotment of 59.09 million new ordinary shares arising from the conversion of convertible notes...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03893":"易纬集团"},"translate_title":"转换每股 0.11 港元债券后，CROSSTEC 将流通股数量增加 5.93%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03893":1},"content_text":"On 20 July 2026, CROSSTEC Group Holdings Limited disclosed a Next Day Disclosure Return showing the allotment of 59.09 million new ordinary shares arising from the conversion of convertible notes issued under the MKI Subscription Agreement dated 2 June 2025.\nThe conversion, effected at HKD 0.11 per share, expands CROSSTEC’s issued share capital to 1.05 billion shares from 995.71 million, representing a 5.93 % increase. The transaction implies gross proceeds of approximately HKD 6.50 million.\nNo treasury shares were outstanding before or after the transaction, and the company reported no share repurchases or on-market sales of treasury shares for the period.\nManagement confirmed that the share issuance was duly authorised, all subscription monies were received, and all Hong Kong Stock Exchange and statutory compliance requirements have been met.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.0","shortVersion":"4.47.0","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/1153515839","isCrawlerRequest":true}