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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 by holder HIL, involving principal of HK$12.1 million at a conversion price of HK$0.11 per share, resulting in the issue of 110 million new shares on 27 April 2026. Following the conversion, the company’s issued share capital has risen to 716.624 million shares, with HIL’s stake increasing to about 18.14 percent and existing major shareholder MKI remaining the largest shareholder with a 24.38 percent interest, signaling a shift in the shareholder mix while preserving control stability for current major investors.
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 in the commercial and retail interior design and fit-out sector, providing integrated solutions for branded environments across Greater China and other Asian markets.
Average Trading Volume: 212,895
Technical Sentiment Signal: Hold
Current Market Cap: HK$643M
For a thorough assessment of 3893 stock, go to TipRanks’ Stock Analysis page.