STAR GROUP ASIA (01560) issues a total of 100 million conversion shares upon conversion of convertible bonds.
STAR GROUP ASIA (01560) announced that on October 9, 2026, the Company received conversion notices from: Ms. Hu Xiuzhen (Ms. Hu), who exercised her right to convert convertible bonds with a principal amount of HK$15 million into 30 million conversion shares at a conversion price of HK$0.5 per conversion share; and Mr. Xiao Bingjie (Mr. Xiao), who exercised his right to convert convertible bonds with a principal amount of HK$35 million into 70 million conversion shares at a conversion price of HK$0.5 per conversion share (collectively, the "Conversions").
STAR GROUP ASIA (01560) announced that on October 9, 2026, the Company received conversion notices from: Ms. Hu Xiuzhen (Ms. Hu), exercising her right to convert convertible bonds with a principal amount of HK$15 million into 30 million conversion shares at a conversion price of HK$0.5 per conversion share; and Mr. Xiao Bingjie (Mr. Xiao), exercising his right to convert convertible bonds with a principal amount of HK$35 million into 70 million conversion shares at a conversion price of HK$0.5 per conversion share (collectively, the "Conversions").
Accordingly, a total of 30 million and 70 million conversion shares, respectively (representing approximately 4.68% and 10.91% of the total number of issued shares immediately prior to the Conversions and the controlling shareholder conversion, respectively, and approximately 3.01% and 7.02% of the total number of issued shares as enlarged by the issuance of the conversion shares (including the controlling shareholder conversion), respectively), were allotted and issued to Ms. Hu and Mr. Xiao on October 13, 2026.
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