Sino-Ocean Group expands share capital through convertible bond conversions

Sino-Ocean Group Holding Limited reported an increase in its total issued shares to 11,808,217,267 as of October 27, 2025, up from 11,654,987,204 shares on September 30, 2025. This rise is attributed to the conversion of various classes of zero-coupon mandatory convertible bonds due 2027.

The company saw four distinct conversion events on October 27, 2025. The conversion of Class A bonds issued on March 27, 2025, added 39,309,116 shares at an issue price of HK$1.55 per share, representing 0.34% of the existing shares. Subsequently, Class B bond conversions contributed 66,306,067 new shares at HK$5.74 per share, making up 0.57% of existing shares.

Further conversions on the same date included 12,881,283 shares from Class C bonds at HK$17.26 per share (0.11% of existing shares) and 34,733,597 shares from Class D bonds at HK$11.36 per share (0.3% of existing shares). These transactions collectively reflect a substantial expansion of the company's issued share capital through the exercise of convertible debt instruments.