Tiancai Holdings (03882) was converted to issue 101.9 million shares in exchange due to convertible bonds

Zhitongcaijing · 2d ago

Zhitong Finance App News, Tiancai Holdings (03882) issued an announcement. The Company received a conversion notice (conversion notice) from bondholders on October 15, 2026. The bondholders have exercised the associated share conversion rights on the convertible bond with a total principal amount of HK$46.2 million, together with accrued and unpaid interest up to the last day (including that date) of the extended share exchange date (that is, October 15, 2026), calculated on the basis of the adjusted exchange price of HK$0.50 per share. allotment and the issuance of 101.9 million shares in exchange for shares (the share exchange matter).

After the share exchange, the 101.9 million shares exchanged will have the same rights as all issued shares. The 101.9 million shares exchanged accounted for about 10.10% of the total number of shares issued by the Company immediately prior to the share exchange, and about 9.18% of the total number of shares issued by the Company which were expanded after the exchange event as a result of the allocation and issuance of the 101.9 million share swaps.