Crosstec (HKG:3893) converted HK$4.4 million of convertible bonds granted to Hexing Investment into 40 million shares at HK$0.11 apiece on Tuesday, according to a same-day Hong Kong bourse filing.
The interior design company had issued a total of HK$57.1 million of convertible bonds to Hexing Investment to partially settle certain loans.
The shares represent 15% of the firm's enlarged issued share capital.
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