GBA AI COMP expands share capital by 31.77% after HKD 5.50 per-share bond conversion

Bulletin Express06-09 18:23

Greater Bay Area AI Computing Tech Co., Ltd. (GBA AI COMP) reported a substantial enlargement of its share base following the conversion of its Zero Coupon Mandatory Convertible Bonds due 2026, originally issued on 10 June 2025.

On 9 June 2026, 376.18 million new ordinary shares were allotted at a conversion price of HKD 5.50 each, adding 31.77 % to the company’s outstanding share count. The transaction represents an equity issuance valued at approximately HKD 2.07 billion.

Post-conversion, GBA AI COMP’s total issued shares have risen from 1.18 billion to 1.56 billion. The company confirmed it holds no treasury shares and has executed no share repurchases or on-market treasury share sales as of the same date.

Management stated that the conversion was duly authorised and executed in full compliance with Hong Kong Stock Exchange listing rules and all relevant legal and regulatory requirements.

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