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CROSSTEC Group Holdings Ltd. ( (HK:3893) ) has issued an announcement.
CROSSTEC Group Holdings Ltd., a Cayman Islands-incorporated company listed in Hong Kong, has announced the conversion of part of its previously issued convertible bonds into equity. The move reflects ongoing use of equity-linked financing to support the company’s capital structure and broaden its shareholder base.
The company reported that bondholder HIL converted HK$7.7 million of its convertible bonds at HK$0.11 per share, resulting in the issue of 70 million new shares on 6 February 2026. This conversion increases CROSSTEC’s issued share capital from 296.6 million to 366.6 million shares, with the new shares representing about 19.09% of the enlarged share capital, and introduces HIL as a substantial shareholder with a 19.09% stake, while existing major shareholder MKI’s holding is diluted from 28.55% to 23.10%. The transaction alters the ownership structure but leaves MKI as the largest shareholder, with implications for control dynamics and liquidity in the stock.
The most recent analyst rating on (HK:3893) stock is a Hold with a HK$1.00 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: 387,799
Technical Sentiment Signal: Buy
Current Market Cap: HK$326.3M
See more data about 3893 stock on TipRanks’ Stock Analysis page.