MOMENTUM FIN Issues 602 Million Shares Following Conversion of Convertible Bonds

Stock News
Mar 30

MOMENTUM FIN (01152) has announced that on March 25, 2026, the company received a conversion notice from Forever Brilliance. The notice exercised the right to convert convertible bonds with a total principal amount of HK$43.9685 million into 602 million new shares at a conversion price of HK$0.073 per share. Pursuant to the exercise of the conversion rights attached to the aforementioned convertible bonds, the company will allot and issue 602 million new shares to the subscriber under a specific authorization. The new shares will rank equally in all respects with all existing issued shares on the date of allotment. Following the allotment and issuance of the new shares, the total number of issued shares of the company will increase by 602 million shares to 2.767 billion shares. The 602 million new shares represent approximately 27.82% of the company's existing issued share capital immediately prior to the conversion, and approximately 21.77% of the company's enlarged issued share capital after the allotment and issuance of the 602 million new shares.

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