Global Corn Group Limited (GLOBAL CORN GP; HKEX: 03889) released its Monthly Return for the period ended 31 May 2026, confirming a stable share base and detailing its outstanding convertible bonds.
Authorised and Issued Capital • Authorised share capital remained at 100.00 billion ordinary shares with a par value of HKD 0.10, equal to HKD 10.00 billion. • Issued shares were unchanged at 1.93 billion, with no treasury shares held. Consequently, total issued share capital stayed steady at HKD 193.14 million, based on par value.
Public Float Compliance • The company affirmed compliance with the Main Board’s minimum public-float requirement of 25% as at 31 May 2026.
Convertible Bonds Overview • Outstanding convertible bonds totalled RMB 87.00 million following an issuance completed during the month. • The bonds carry a conversion price of HKD 0.10 per share and, if fully converted, could add up to 952.79 million new ordinary shares—equivalent to a potential dilution of about 49.3% versus current issued shares. • No shares were actually converted during May, and no treasury shares were transferred.
Other Equity Movements • The issuer reported no activity under share option schemes, warrants, other share agreements or treasury share transactions during the month.
Regulatory Confirmations • The filing states that all required approvals, filings and listing rule conditions related to the convertible bond issuance have been met.
The unchanged share count and confirmation of adequate public float underscore Global Corn’s stable capital structure, while the sizeable conversion capacity of the newly issued RMB-denominated bonds represents the primary source of potential future equity dilution.