China Aoyuan Raises Share Count by 37.10 Million in May on Mandatory Convertible Bond Conversions

Bulletin Express
06/02

China Aoyuan Group Limited disclosed in its May 2026 monthly return that 37.10 million new ordinary shares were issued during the period, lifting total issued share capital to 4.64 billion shares as at 31 May 2026. The increase, equivalent to 0.81% of shares outstanding at end-April, stemmed exclusively from conversions of the company’s US-dollar-denominated zero-coupon mandatory convertible bonds (MCBs) due 2028.

The principal amount of MCBs outstanding declined to USD 76.53 million from USD 79.68 million a month earlier, reflecting USD 3.15 million converted at HKD 0.66 per share. Post-conversion, a further 908.12 million shares remain issuable upon future conversions, indicating additional potential dilution of approximately 19.6% against the current share base.

Authorised share capital remained unchanged at 100 billion shares with a par value of HKD 0.01, representing HKD 1.00 billion in authorised capital. No share repurchases or treasury-share movements were reported, and no options were exercised during the month.

Management confirmed that the company continues to meet the Main Board’s 25% minimum public-float requirement.

The monthly return was filed with Hong Kong Exchanges and Clearing Limited on 2 June 2026 and signed by Company Secretary Wong Mei Shan.

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