2 stories mentioning HKG:3893Updated 27d ago
Every FINWIRES story that references HKG:3893, newest first.
Crosstec (HKG:3893) converted HK$8.8 million of convertible bonds issued to MK Investment Group into 80 million shares at HK$0.11 apiece, according to a Thursday Hong Kong bourse filing.The shares represent around 9.45% of the interior design firm's enlarged issued share capital. The firm now has roughly 846.6 shares in issue.MK Investment remains the company's largest shareholder.
Crosstec (HKG:3893) said a bondholder exercised its right to convert part of its convertible bonds into equity, according to a Tuesday Hong Kong bourse filing.The company received a conversion notice from MK Investment to convert HK$6.6 million in bonds into 60 million shares at HK$0.11 each.The shares represent about 11% of the company's issued share capital before the issue and about 9.9% as enlarged by the issue.Following the conversion, major shareholder MK Investment increased its stake to about 28.8% from 20.98%.
