Star Group (01560) issued a total of 100 million shares in exchange due to the conversion of convertible bonds

Zhitongcaijing · 4d ago

Zhitong Finance App News, Star Group (01560) issued an announcement. On October 9, 2026, the Company received conversion notices, respectively, from: Ms. Hu Xiuzhen (Ms. Hu) exercised her power to convert the principal amount of HK$15 million into 30 million shares at the exchange price of HK$0.5 per share; and Mr. Siu Ping-lai (Mr. Siu) exercised his power to convert the convertible bonds with a principal amount of HK$35 million into 70 million shares at the exchange price of HK$0.5 per share (HK$35 million) (collectively, “such conversions”).

As a result, a total of 30 million shares and 70 million shares were distributed and issued to Ms. Hu and Mr. Siu on October 13, 2026, respectively (accounting for approximately 4.68% and 10.91% of the total number of issued shares issued immediately prior to such conversion and conversion of controlling shareholders, and approximately 3.01% and 7.02% of the total number of issued shares expanded by issued shares (including the conversion of controlling shareholders)).