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CROSSTEC Group Holdings Ltd. ( (HK:3893) ) has issued an announcement.
CROSSTEC Group Holdings reported the conversion of a portion of its outstanding convertible bonds held by MKI into equity. MKI converted HK$6.6 million in principal at a conversion price of HK$0.11 per share, resulting in the issuance of 60 million new shares on April 14, 2026.
Following the conversion, CROSSTEC’s issued share capital increased from 546,624,000 to 606,624,000 shares, diluting existing holdings but strengthening MKI’s position as the largest shareholder. MKI now owns 174,700,000 shares, or about 28.8% of the enlarged share capital, while public float has declined in percentage terms though the absolute number of public shares remains unchanged.
More about CROSSTEC Group Holdings Ltd.
CROSSTEC Group Holdings Ltd. is a Hong Kong-listed company incorporated in the Cayman Islands with limited liability. Its shares trade on the Stock Exchange of Hong Kong under stock code 3893, and it has a diversified shareholder base including a major stakeholder identified as MKI.
Average Trading Volume: 182,739
Technical Sentiment Signal: Hold
Current Market Cap: HK$557.6M
Find detailed analytics on 3893 stock on TipRanks’ Stock Analysis page.