CROSSTEC Expands Share Capital as MKI Converts HK$6.6 Million in Convertible Bonds
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CROSSTEC Group Holdings Ltd. announced the conversion of HK$6.6 million in convertible bonds by MKI into equity, resulting in the issuance of 60 million new shares. This conversion increased CROSSTEC's share capital from 546,624,000 to 606,624,000 shares, with MKI becoming the largest shareholder, owning approximately 28.8% of the enlarged capital. The public float percentage has declined, although the absolute number of public shares remains unchanged. CROSSTEC is listed on the Hong Kong Stock Exchange under stock code 3893, with a current market cap of HK$557.6 million.
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