CROSSTEC Group Issues 80 Million Shares Following Bond Conversion

Stock News04-01 16:56

CROSSTEC Group (03893) has announced that the company received a conversion notice from HIL regarding the conversion of a portion of HIL's convertible bonds, with a principal amount of HK$8.8 million, at a conversion price of HK$0.11 per share. The conversion and issuance of a total of 80 million related shares were completed on April 1, 2026. Following the issuance of these conversion shares and as of the date of this announcement, the total number of issued shares of the company has increased to 546.6 million. The conversion shares represent approximately 17.14% of the company's issued share capital immediately prior to the allotment and issuance, and approximately 14.64% of the enlarged issued share capital after the allotment and issuance. MKI remains the largest shareholder of the company, holding 114.7 million shares, which constitutes approximately 20.98% of the company's enlarged issued share capital as of the date of this announcement.

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