wolf-002
2026.02.12 04:39

$XTALPI(02228.HK) First, list all the known conditions clearly.

• Zero-coupon convertible bond: HKD 2.866 billion, maturing on 2027-01-26• Initial conversion price: HKD 13.85

• Full conversion: 207 million shares (≈4.8% of total share capital)

• Issuance time: 2026-01, conversion period: 6 months after issuance (≈starting from 2026-07)

• Short position cost: Recent average short selling price ≈ HKD 11.2–11.7

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