Momentum Financial boosts outstanding shares by 20.06 % through HKD 40.51 million bond conversions in April

Bulletin Express
May 07

Momentum Financial Holdings Limited reported a significant increase in its issued share capital for the month ended 30 April 2026, driven entirely by the conversion of previously issued convertible bonds. Key take-aways are as follows:

• Issued Share Growth: The company’s outstanding ordinary shares rose by 554.92 million to 3.32 billion, a 20.06 % expansion versus the 2.77 billion shares outstanding at end-March. There are no treasury shares on the books.

• Conversion Details: All new shares originated from the partial conversion of convertible bonds issued on 18 November 2025 under a specific mandate. Bonds with a face value of HKD 40.51 million were exchanged at a fixed price of HKD 0.073 per share, aligning with the 554.92 million shares created.

• Authorised Capital Unchanged: Authorised share capital remains at 20 billion shares with a par value of HKD 0.005 each, equivalent to HKD 100 million. After April’s conversions, 16.68 billion authorised shares are still unissued.

• Public Float Compliance: The company confirmed it met the 25 % minimum public-float requirement at month-end.

• Absence of Other Equity Movements: No activity was reported in share option schemes, warrants, Hong Kong depositary receipts, or share repurchases/redemptions during the period.

The filing was submitted to Hong Kong Exchanges and Clearing Limited on 6 May 2026 and signed by Director Cao Wenbo.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10