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The latest announcement is out from CROSSTEC Group Holdings Ltd. ( (HK:3893) ).
CROSSTEC Group Holdings Ltd. has completed a partial conversion of its convertible bonds held by HIL, with bonds of HK$8.8 million converted into 80 million new shares at a conversion price of HK$0.11 per share. Following this 1 April 2026 conversion, the company’s issued share capital rose to 546,624,000 shares, diluting existing holdings while increasing HIL’s stake to 18.29% and leaving MKI as the largest shareholder with 20.98%, a shift that slightly reshapes the ownership structure but maintains control with existing major investors.
The most recent analyst rating on (HK:3893) stock is a Hold with a HK$0.89 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 on the Hong Kong Stock Exchange. It operates as a public company with a dispersed shareholder base, with MKI identified as its largest shareholder following recent share capital changes.
Average Trading Volume: 164,411
Technical Sentiment Signal: Hold
Current Market Cap: HK$490M
For an in-depth examination of 3893 stock, go to TipRanks’ Overview page.