CROSSTEC increases issued shares to 606.62 million after HK$6.60 million convertible bond conversion

Bulletin Express04-14

On 14 April 2026, CROSSTEC completed a partial conversion of its outstanding convertible bonds (CB), issuing 60.00 million new shares at a conversion price of HK$0.11 per share. The conversion, initiated by largest shareholder MKI, involved a principal amount of HK$6.60 million.

Following the allotment, CROSSTEC’s total issued share capital rose 11.00% to 606.62 million shares from 546.62 million shares. The newly issued shares represented 10.98% of the pre-conversion share base and 9.89% of the enlarged share capital.

MKI’s stake grew to 174.70 million shares, equal to 28.80% of the enlarged total, up from 20.98% before the transaction. HIL remained unchanged at 100.00 million shares, now representing 16.48%. Public shareholders collectively hold 331.92 million shares, or 54.72% of the company.

The conversion forms part of the CB programme first completed on 22 September 2025, with previous conversions announced between November 2025 and April 2026. No other changes to board composition or corporate strategy were disclosed in the announcement.

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