Times China issues 94,922 new shares following MCB I conversion, nudging share count to 2.99 billion

Bulletin Express07-03

Times China Holdings Limited disclosed a marginal expansion in its issued share capital after the conversion of its Zero-Coupon Mandatory Convertible Bonds due 2027 (MCB I).

On 3 July 2026, 94,922 ordinary shares were allotted at HKD 6.00 per share, increasing the total issued shares to 2,989.30 million from 2,989.20 million on 30 June 2026. The new shares represent 0.003 % of the company’s pre-event share base. At the stated conversion price, the transaction equates to HKD 0.57 million.

No treasury-share movements, repurchases, or on-market sales were reported. The board confirmed the conversion complied with all relevant Hong Kong listing rules and statutory requirements.

Following the minor dilution, Times China’s issued share capital remains effectively unchanged in scale, indicating that the latest conversion under MCB I had an immaterial impact on the group’s overall equity structure.

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