Summary by Futu AI
As of November 30, 2024, Fusion China reported that its issued shares increased to 9,306,249,579 shares, an increase of 74,958,225 shares compared to the previous month. The change was mainly due to the conversion of the Convertible Bond, which was issued on 20 November 2023 and matures in 2032 at a conversion price of HK$20 per share. THE COMPANY'S STATUTORY SHARE CAPITAL REMAINED UNCHANGED, TOTALING HK$1,500,000,000.Merger China's Mandatory Convertible Notes and Holding Shareholders' Bonds issued on 20 November 2023 with a conversion price of HK$4 per share, respectively, maturing in 2028. The total issued amount of Mandatory Convertible Bonds was $717,637,751 and the total issued of the controlling shareholder bonds was $117,431,726. The terms of conversion of these bonds were approved at the general meeting on 30 June 2023.The Company confirms that all changes in securities issuance and inventory shares have been authorized by the Board of Directors and in compliance with relevant laws and listing rules. In the future, the company will continue to monitor market dynamics to ensure the stability and flexibility of the capital structure.
