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Momentum Financial Holdings Limited ( (HK:1152) ) has provided an announcement.
Momentum Financial Holdings Limited has announced the conversion of HK$40.5 million in convertible bonds held by Mr. Zhou Duanyang and Nova Pacific Investments Inc. into 554,917,261 new shares at HK$0.073 per share. Following the issuance, the company’s total issued share capital has risen to 3,322,151,822 shares, with the new shares representing about 16.7% of the enlarged share capital and ranking pari passu with existing shares.
The conversion, completed on 14 April 2026 under a specific mandate, further advances the company’s broader debt restructuring programme involving multiple creditors and investors. As more bondholders convert debt into equity, the creditor concert group’s potential stake increases, reshaping the shareholding structure and diluting existing holdings while reducing leverage and potentially improving the company’s financial flexibility.
More about Momentum Financial Holdings Limited
Momentum Financial Holdings Limited is a Bermuda-incorporated company listed on the Stock Exchange of Hong Kong, operating in the financial services sector. The group is focused on capital structure management and debt restructuring activities, using instruments such as convertible bonds to strengthen its balance sheet and align creditor interests with long-term equity value.
Average Trading Volume: 3,511,894
Technical Sentiment Signal: Buy
Current Market Cap: HK$733.3M
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