Wait a second, am I interpreting this correctly: HCM’s ownership in the PREVIOUS “previous notification” was 8.37% and has now increased to 10.37% with the offering? Am I misinterpreting this. And the potential is that 53 million, once the loans are paid.
A quick look at what has been converted for HCM:
- 857 322 (7.8.2025)
- 451 803 (28.10.2025)
- 517 795 ( 3.12.2025)
- 453 979 ( 8.1.2026)
- 3 572 851 (13.4.2026)
That’s about 6 million.
So HCM hasn’t sold the shares it received but has instead increased its ownership; will it soon be sold to the Chinese, or have they always been selling into the bid?