Best Food Hldg Maintains Stable Share Base in September; 517.52 Million Underlying Shares Tied to Convertible Bonds

Bulletin Express
Oct 02

Best Food Holding Company Limited reported no movements in either authorised or issued share capital for the month ended 30 September 2026.

Authorised Capital • Remained unchanged at 5.00 billion ordinary shares with a par value of HKD 0.10, equivalent to HKD 500.00 million.

Issued Shares and Public Float • Issued share count stayed at 1.58 billion, with zero treasury shares outstanding or cancelled during the month. • The company confirmed compliance with the Main Board’s 25 percent minimum public-float requirement.

Equity Incentives • An option scheme adopted on 18 May 2011 (expired 17 May 2021) continues to carry 23.68 million unexercised options, equal to roughly 1.50 percent of current issued shares. • No new grants, exercises, or cancellations occurred in September; consequently, no funds were raised through option exercises.

Outstanding Convertibles • HKD 610.68 million of 3 percent convertible bonds due 23 December 2027 remained outstanding, with no conversions during the period. • These instruments are convertible at HKD 1.18 per share and could generate up to 517.52 million new shares—representing about 32.78 percent of the existing share count—if fully converted.

Overall, Best Food Hldg’s equity structure was unchanged in September 2026, with latent dilution primarily tied to legacy share options and convertible bonds.

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