Star Group Asia Issues 100 Million Conversion Shares Following Convertible Bond Conversions

Stock News10-13 12:16

Star Group Asia (01560) has announced that on October 9, 2026, the company received conversion notices from two parties exercising their rights under convertible bonds.

Ms. Hu Xiuzhen exercised her right to convert convertible bonds with a principal amount of HK$15 million into 30 million conversion shares at a conversion price of HK$0.5 per conversion share.

Mr. Xiao Bingjie exercised his right to convert convertible bonds with a principal amount of HK$35 million into 70 million conversion shares at a conversion price of HK$0.5 per conversion share. These transactions are collectively referred to as the conversions.

Accordingly, a total of 30 million and 70 million conversion shares were allotted and issued to Ms. Hu and Mr. Xiao respectively on October 13, 2026. These represent approximately 4.68% and 10.91% of the total number of issued shares immediately prior to the conversions and the controlling shareholder conversion, and approximately 3.01% and 7.02% of the total number of issued shares as enlarged by the issuance of conversion shares, including the controlling shareholder conversion.

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