China Aoyuan Raises Share Count by 37.10 Million in May on Mandatory Convertible Bond Conversions

Bulletin Express06-02

China Aoyuan Group Limited disclosed in its May 2026 monthly return that 37.10 million new ordinary shares were issued during the period, lifting total issued share capital to 4.64 billion shares as at 31 May 2026. The increase, equivalent to 0.81% of shares outstanding at end-April, stemmed exclusively from conversions of the company’s US-dollar-denominated zero-coupon mandatory convertible bonds (MCBs) due 2028.

The principal amount of MCBs outstanding declined to USD 76.53 million from USD 79.68 million a month earlier, reflecting USD 3.15 million converted at HKD 0.66 per share. Post-conversion, a further 908.12 million shares remain issuable upon future conversions, indicating additional potential dilution of approximately 19.6% against the current share base.

Authorised share capital remained unchanged at 100 billion shares with a par value of HKD 0.01, representing HKD 1.00 billion in authorised capital. No share repurchases or treasury-share movements were reported, and no options were exercised during the month.

Management confirmed that the company continues to meet the Main Board’s 25% minimum public-float requirement.

The monthly return was filed with Hong Kong Exchanges and Clearing Limited on 2 June 2026 and signed by Company Secretary Wong Mei Shan.

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