Momentum Financial (HKG:1152) will convert nearly HK$7.8 million of convertible bonds into a little over 106.6 million conversion shares at HK$0.073 apiece, according to a Tuesday Hong Kong bourse filing.
The move comes as the firm received conversion requests from Li Yang and Wang Guangwen.
The shares represent around 3.11% of the finance leasing company's enlarged issued share capital.
The bonds were issued as part of the company's debt restructuring.
Hanma Technology's (SHA:600375) truck sales rose 18% to 1,260 units in May from 1,070 units in the year-ago period, according to a Tuesday filing with the Shanghai bourse.Production grew 24% to 1,300 units from 1,050 units a year earlier.
Zhuhai CosMX Battery (SHA:688772) secured the Shanghai bourse's approval for private placement of shares to 35 investors, according to a Tuesday exchange filing.The battery company plans to raise up to 2.90 billion yuan from selling up to 339.6 million shares.
China Hongqiao Group (HKG:1378) slashed the conversion price of certain convertible bonds due 2030 to HK$18.44 per share from HK$19.36 apiece, effective Wednesday, according to a Tuesday Hong Kong bourse filing.The bonds comprise $300 million of 1.5% convertible bonds maturing in four years.The move came following the payment of a dividend to the firm's shareholders.Following the adjustment, the number of conversion shares to be issued on full conversion will increase by over 6 million, bringing the total to more than 126.4 million.