Unity Group Converts Bonds, Alters Share Structure

Unity Group Holdings International Limited (HK:1539) has released an update.

Unity Group Holdings International Limited has completed the conversion of convertible bonds worth US$2,500,000 into 59,090,909 ordinary shares at HK$0.33 per share, diluting the company’s total issued ordinary shares by approximately 1.8%. This strategic move adjusts the shareholding structure, notably increasing the stake of the subscriber and its nominees by approximately 1.7% of the enlarged share capital. The conversion aligns with previous announcements and is expected to influence the company’s market position.

For further insights into HK:1539 stock, check out TipRanks’ Stock Analysis page.