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HK Stock Movement | MOMENTUM FIN (01152) Surges Over 50% as All Conditions for Debt Restructuring Are Met

Stock News11-19

MOMENTUM FIN (01152) saw its shares surge by over 50% at one point during trading. By the time of writing, the stock was up 23.08%, trading at HK$0.315 with a turnover of HK$1.6741 million. The company announced that all preconditions for its debt restructuring, as outlined in the board circular, have been fulfilled, with completion taking effect on November 18, 2025. According to disclosures, the company proposed a debt restructuring plan in 2025, intending to issue unsecured convertible bonds totaling HK$178.6 million at a 3% interest rate to creditors. These bonds, convertible at HK$0.073 per share, aim to capitalize outstanding debts. If fully converted, approximately 2.447 billion new shares would be issued, representing about 71.36% of the enlarged issued share capital.

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