Qian Xun Technology Converts HK$102 Million of Bonds Into Equity
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Qian Xun Technology Limited has converted HK$102 million of convertible bonds into equity, issuing 39,230,768 new shares at HK$2.6 each. This conversion, executed on February 26, 2026, represents about 7.01% of the company's share capital before and 6.55% after the conversion. The move reduces debt and strengthens the balance sheet, though it dilutes existing shareholders. The current analyst rating for Ruicheng (China) Media Group Limited (HK:1640) is a Hold with a price target of HK$3.50.
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