China Alumcan Issues 20 Million New Shares on Note Conversion Exercise

Stock News08-25

China Alumcan (06898) has announced the allotment and issuance of 20 million new shares, which took effect on August 25, 2026, following the exercise of conversion rights attached to its convertible notes.

According to the company's official statement, this issuance was carried out in accordance with the terms of the convertible notes, allowing holders to convert their debt into equity. The newly issued shares represent a direct increase in the company's issued share capital, reflecting the ongoing financial arrangements of CHINA ALUMCAN.

The move underscores the company's proactive approach to managing its capital structure, as the conversion reduces outstanding debt obligations while simultaneously expanding its shareholder base. No additional details were provided regarding the specific conversion price or the total value of notes converted in this transaction.

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