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CROSSTEC Group Holdings Ltd. ( (HK:3893) ) just unveiled an announcement.
CROSSTEC Group Holdings Ltd. has announced the partial conversion of its outstanding convertible bonds held by MKI into 30 million new shares at a conversion price of HK$0.11 per share, completed on 11 February 2026. The issuance increases the company’s total share count to 396.624 million, modestly diluting existing holders while reinforcing equity capital.
Following the conversion, MKI remains the largest shareholder with 114.7 million shares, representing about 28.92% of the enlarged share capital, up from 23.10% before the transaction. The shift slightly reduces the proportional holdings of other public shareholders and HIL, but clarifies the post-conversion ownership structure and underscores MKI’s continued strategic position in the company.
The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on CROSSTEC Group Holdings Ltd. stock, see the HK:3893 Stock Forecast page.
More about CROSSTEC Group Holdings Ltd.
CROSSTEC Group Holdings Ltd. is a Cayman Islands-incorporated company listed in Hong Kong under stock code 3893. While this announcement does not detail its business lines, the company operates in the public capital markets, raising funding through instruments such as convertible bonds and actively managing its equity and shareholder base.
Average Trading Volume: 357,943
Technical Sentiment Signal: Buy
Current Market Cap: HK$421.6M
Learn more about 3893 stock on TipRanks’ Stock Analysis page.