CROSSTEC boosts share capital by 6.98% after HK$5.50 million bond conversion

Bulletin Express05-11

CROSSTEC Group Holdings Limited announced that MKI has converted HK$5.50 million of its outstanding convertible bonds (CB) into equity at a conversion price of HK$0.11 per share. The transaction, completed on 11 May 2026, resulted in the issuance of 50.00 million new shares.

The company’s total issued share capital expanded 6.98%, rising from 716.62 million to 766.62 million shares. The newly issued shares represent 6.52% of the enlarged share base.

Post-conversion, MKI strengthened its position as the largest shareholder. Its stake increased from 174.70 million shares (24.38%) to 224.70 million shares (29.31%) of the enlarged total. HIL’s holding remained unchanged at 130.00 million shares, though its ownership diluted from 18.14% to 16.96%. Public shareholders now collectively own 411.92 million shares, equal to 53.73% of the company.

The conversion forms part of the CB programme detailed in the company’s earlier circular (8 August 2025) and subsequent announcements. No other changes to board composition or additional corporate actions were reported.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1190489811?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-11 17:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190489811","market":"hk","top_or_hot":-1,"title":"CROSSTEC boosts share capital by 6.98% after HK$5.50 million bond conversion","media":"Bulletin Express","content":"<p>CROSSTEC Group Holdings Limited announced that MKI has converted HK$5.50 million of its outstanding convertible bonds (CB) into equity at a conversion price of HK$0.11 per share. The transaction, completed on 11 May 2026, resulted in the issuance of 50.00 million new shares.</p>\n<p>The company’s total issued share capital expanded 6.98%, rising from 716.62 million to 766.62 million shares. The newly issued shares represent 6.52% of the enlarged share base.</p>\n<p>Post-conversion, MKI strengthened its position as the largest shareholder. Its stake increased from 174.70 million shares (24.38%) to 224.70 million shares (29.31%) of the enlarged total. HIL’s holding remained unchanged at 130.00 million shares, though its ownership diluted from 18.14% to 16.96%. Public shareholders now collectively own 411.92 million shares, equal to 53.73% of the company.</p>\n<p>The conversion forms part of the CB programme detailed in the company’s earlier circular (8 August 2025) and subsequent announcements. No other changes to board composition or additional corporate actions were reported.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CROSSTEC boosts share capital by 6.98% after HK$5.50 million bond conversion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCROSSTEC boosts share capital by 6.98% after HK$5.50 million bond conversion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-05-11 17:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CROSSTEC Group Holdings Limited announced that MKI has converted HK$5.50 million of its outstanding convertible bonds (CB) into equity at a conversion price of HK$0.11 per share. The transaction, completed on 11 May 2026, resulted in the issuance of 50.00 million new shares.</p>\n<p>The company’s total issued share capital expanded 6.98%, rising from 716.62 million to 766.62 million shares. The newly issued shares represent 6.52% of the enlarged share base.</p>\n<p>Post-conversion, MKI strengthened its position as the largest shareholder. Its stake increased from 174.70 million shares (24.38%) to 224.70 million shares (29.31%) of the enlarged total. HIL’s holding remained unchanged at 130.00 million shares, though its ownership diluted from 18.14% to 16.96%. Public shareholders now collectively own 411.92 million shares, equal to 53.73% of the company.</p>\n<p>The conversion forms part of the CB programme detailed in the company’s earlier circular (8 August 2025) and subsequent announcements. No other changes to board composition or additional corporate actions were reported.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03893","symbol_name":"易纬集团","start_time":0,"source_url":"","article_id":"1190489811","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190489811","pubTimestamp":1778490169,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"CROSSTEC Group Holdings Limited announced that MKI has converted HK$5.50 million of its outstanding convertible bonds (CB) into equity at a conversion price of HK$0.11 per share. The transaction,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03893":"易纬集团"},"translate_title":"CROSSTEC在550万港元债券转换后股本增加6.98%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03893":1},"content_text":"CROSSTEC Group Holdings Limited announced that MKI has converted HK$5.50 million of its outstanding convertible bonds (CB) into equity at a conversion price of HK$0.11 per share. The transaction, completed on 11 May 2026, resulted in the issuance of 50.00 million new shares.\nThe company’s total issued share capital expanded 6.98%, rising from 716.62 million to 766.62 million shares. The newly issued shares represent 6.52% of the enlarged share base.\nPost-conversion, MKI strengthened its position as the largest shareholder. Its stake increased from 174.70 million shares (24.38%) to 224.70 million shares (29.31%) of the enlarged total. HIL’s holding remained unchanged at 130.00 million shares, though its ownership diluted from 18.14% to 16.96%. Public shareholders now collectively own 411.92 million shares, equal to 53.73% of the company.\nThe conversion forms part of the CB programme detailed in the company’s earlier circular (8 August 2025) and subsequent announcements. No other changes to board composition or additional corporate actions were reported.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1190489811","isCrawlerRequest":true}