Sunac: June Share Count Jumps 17.04% After Mandatory Convertible Bonds Mature

Bulletin Express
昨天

Sunac China Holdings Limited reported a 17.04% month-on-month expansion in issued share capital for June 2026, driven by the mandatory conversion of Zero-Coupon Mandatory Convertible Bonds due 2026 (MCB 1).

The company’s issued shares (excluding treasury shares) climbed by 2.91 billion to 19.97 billion, up from 17.06 billion at the end of May. No treasury shares were outstanding.

Authorised share capital remained unchanged at 30.00 billion ordinary shares with a par value of HKD 0.10, equivalent to HKD 3.00 billion.

Bond Conversion Details • MCB 1: On 23 June 2026, principal of USD 2.53 billion was mandatorily converted into 2.91 billion new shares at HKD 6.80 per share. Earlier in the month, USD 95.88 million of MCB 1 held in trust was cancelled. • MCB 2: A separate zero-coupon mandatory convertible bond tranche with principal of USD 2.40 billion remains outstanding. Full conversion at the preset HKD 3.85 price would deliver up to 4.86 billion additional shares, equivalent to roughly 24.35% of Sunac’s enlarged share base.

Compliance Sunac confirmed that it continues to meet the Main Board’s 25% minimum public-float requirement.

No other share movements, warrants, options or treasury share transactions were reported for the month.

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