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An update from CROSSTEC Group Holdings Ltd. ( (HK:3893) ) is now available.
CROSSTEC Group Holdings Ltd. has announced the partial conversion of its outstanding convertible bonds held by HIL into equity, resulting in the issue of 40 million new shares. Following this conversion, completed on 13 January 2026 at a conversion price of HK$0.11 per share and involving principal of HK$4.4 million, the company’s total issued share capital has risen to 266.624 million shares. The new conversion shares represent about 17.65% of the pre-conversion share capital and 15.00% of the enlarged capital, with HIL becoming a 15.00% shareholder and MKI remaining the largest shareholder with a diluted but still leading stake of approximately 20.52%. The transaction meaningfully alters the shareholder structure by increasing free float and bringing in a sizeable new investor, while preserving MKI’s position as the top shareholder.
The most recent analyst rating on (HK:3893) stock is a Sell with a HK$0.96 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.
Average Trading Volume: 459,579
Technical Sentiment Signal: Hold
Current Market Cap: HK$233.4M
For a thorough assessment of 3893 stock, go to TipRanks’ Stock Analysis page.