CROSSTEC issues 70.00 million new shares in March 2026 following bond conversion

Bulletin Express04-01 17:08

For the month ended 31 March 2026, CROSSTEC Group Holdings Limited increased its issued share capital by 70.00 million ordinary shares, lifting the total outstanding to 466.62 million shares. The expansion, equivalent to a 17.65% rise from February’s 396.62 million shares, resulted exclusively from the partial conversion of outstanding convertible bonds. No treasury shares were held or cancelled during the period.

The new shares stemmed from the “HIL Subscription Agreement” convertible bonds, converted at HKD 0.11 per share. After the HKD 7.70 million conversion, the HIL bond balance declined to HKD 37.30 million. A separate HKD 27.40 million tranche under the “MKI Subscription Agreement” remained unconverted in March. Collectively, the two bond programmes still carry the potential to create up to 588.18 million additional shares if fully converted.

Authorised share capital stayed unchanged at 10 billion ordinary shares with a par value of HKD 0.01 each, representing HKD 100.00 million in authorised capital.

Management confirmed that the company met the Hong Kong Stock Exchange’s minimum 25% public-float requirement at month-end.

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