---
title: "CROSSTEC issued 80 million shares due to the conversion of convertible bonds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281332927.md"
description: "CROSSTEC announced that it has received a notice from HIL regarding the conversion of HKD 8.8 million of convertible bonds at a conversion price of HKD 0.11 per share, resulting in the issuance of 80 million shares. This conversion and issuance were completed on April 1, 2026, increasing the total shares of the company to 546.6 million, with the converted shares accounting for approximately 14.64% of the issued capital. MKI remains the largest shareholder, holding 20.98%"
datetime: "2026-04-01T08:56:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281332927.md)
  - [en](https://longbridge.com/en/news/281332927.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281332927.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281332927.md) | [繁體中文](https://longbridge.com/zh-HK/news/281332927.md)


# CROSSTEC issued 80 million shares due to the conversion of convertible bonds

According to the announcement from the Zhitong Finance APP, CROSSTEC (03893) has received a conversion notice from HIL regarding the conversion of part of HIL's convertible bonds at a conversion price of HKD 0.11 per share for a total amount of HKD 8.8 million. The conversion and issuance of the related convertible shares totaling 80 million shares were completed on April 1, 2026.

After the issuance of these convertible shares and as of the date of this announcement, the total number of shares issued by the company has increased to 546.6 million shares, with the convertible shares accounting for approximately 17.14% of the company's issued share capital immediately before the placement and issuance of the convertible shares, and approximately 14.64% of the company's issued share capital after the placement and issuance of the convertible shares. MKI remains the largest shareholder of the company, holding 114.7 million shares, accounting for approximately 20.98% of the company's issued share capital after the placement and issuance of the convertible shares as of the date of this announcement

### Related Stocks

- [CROSSTEC (03893.HK)](https://longbridge.com/en/quote/03893.HK.md)

## Related News & Research

- [CROSSTEC Group Holdings Files HKEX Disclosure on Share Capital Increase With (Number) New Shares at (Price) Each](https://longbridge.com/en/news/275099240.md)
- [CROSSTEC Group Holdings Issues Shares on Convertible Bond Conversion](https://longbridge.com/en/news/273351514.md)
- [Butong Group Expands Share Pool for Award Scheme With On-Market Purchase](https://longbridge.com/en/news/280828310.md)
- [Genuit Strategy Chief Buys Shares in Regulatory-Disclosed Deal](https://longbridge.com/en/news/281346847.md)
- [Bellway Cancels Further Shares as Buyback Programme Cuts Share Count to 116.4 Million](https://longbridge.com/en/news/281312945.md)