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CROSSTEC Group Holdings Ltd. ( (HK:3893) ) has issued an update.
CROSSTEC Group Holdings Ltd. has announced the conversion of part of a tranche of convertible bonds held by MKI, resulting in the issue of 50,000,000 new shares at a conversion price of HK$0.11 per share. Following completion of the 11 May 2026 conversion, the company’s total issued share capital increased from 716,624,000 to 766,624,000 shares.
The new conversion shares represented about 6.98% of the company’s issued share capital immediately before allotment and about 6.52% on an enlarged basis. MKI remains the largest shareholder, with its stake rising from 24.38% to approximately 29.31% of the enlarged share capital, while HIL’s percentage holding and the public float were diluted but remain significant.
More about CROSSTEC Group Holdings Ltd.
CROSSTEC Group Holdings Ltd. is a Cayman Islands-incorporated company listed in Hong Kong under stock code 3893. It operates as an investment holding company, with its shares widely held by public investors alongside major shareholders MKI and HIL, positioning it within Hong Kong’s listed corporate and capital markets landscape.
The company’s ownership structure features MKI as the largest shareholder and HIL as another significant holder. Public shareholders collectively retain a majority stake, reflecting a dispersed investor base and ongoing reliance on equity and convertible bond financing for capital management.
Average Trading Volume: 240,474
Technical Sentiment Signal: Hold
Current Market Cap: HK$745.3M
See more data about 3893 stock on TipRanks’ Stock Analysis page.