Shimao Group Monthly Return: Share Capital Stable, USD 875.56 million Mandatory Convertibles Remain Outstanding

Bulletin Express
Apr 02

For the month ended 31 March 2026, Shimao Group Holdings Limited (incorporated in the Cayman Islands) reported no change in either authorised or issued share capital.

Authorised Capital • Total authorised share capital stood at HKD 2.50 billion, representing 25 billion ordinary shares with a par value of HKD 0.10 each—unchanged from the previous month.

Issued Shares and Public Float • Issued ordinary shares remained at 9,172,915,216. • No treasury shares were held, bought back or cancelled. • The company confirmed compliance with the Main Board’s minimum 25 % public-float requirement.

Convertible Securities • USD 875.56 million Zero-Coupon Mandatory Convertible Bonds due 2026, issued on 21 July 2025, were outstanding at month-end. • The conversion price is set at USD 6.00 (equivalent to HKD 6.00 based on the fixed exchange rate of USD 1 = HKD 7.82). • Full conversion would allow the issuance of up to 1.14 billion new shares, although no conversions occurred during March.

Other Instruments • The company had no share-option schemes, warrants or other share-issuance arrangements in force during the period.

Overall, Shimao Group closed March 2026 with a stable equity structure and adequate public float, while its outstanding mandatory convertibles continue to represent the primary source of potential future dilution.

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