Smart Globe: March Filing Shows Stable Share Capital and HK$20.10 Million Convertible Bond Overhang

Bulletin Express
Apr 02

Smart Globe Holdings Limited released its Monthly Return for the period ended 31 March 2026, confirming that the company’s share capital structure remained unchanged during the month.

• Authorised share capital stayed at 2.00 billion ordinary shares with a par value of HK$0.01, equivalent to HK$20.00 million.

• Issued share count held steady at 1.02 billion shares, with no treasury shares outstanding. Consequently, total issued share capital also stood at 1.02 billion shares.

• The company affirmed compliance with the Hong Kong Stock Exchange’s 25% minimum public-float requirement.

• No movements were recorded in share options, warrants, or other equity-linked instruments.

• Convertible Bonds: The filing reiterated the outstanding HK$20.10 million in convertible bonds issued on 3 January 2025. These bonds carry a conversion price of HK$1.20 per share and, if fully converted, could add up to 16.75 million new shares. The conversion window begins on 3 July 2026 and closes on 3 January 2028, aligning with the bonds’ three-year maturity.

Overall, the March return highlights a static equity base while drawing investor attention to the potential dilution from the outstanding convertible bonds once the conversion period starts in July 2026.

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