COOLPAD GROUP (02369.HK): Subsidiary sells 248 MSTR call options for total premium of approximately HKD 557,962
NewTimeSpace News: On 27 August 2026, Coolpad Group Limited (stock code: 02369) announced that its wholly-owned subsidiary, Digital Tech, sold an aggregate of 248 MSTR call options covering 24,800 MSTR shares on 26 August 2026 (Eastern Standard Time), for a total premium of USD 71,442 (equivalent to HKD 557,962).
According to the announcement, the call options have an expiry date of 11 September 2026 (Eastern Standard Time) and a strike price of USD 140.00 per MSTR share (equivalent to HKD 1,093.40), representing 113.65% of the relevant spot price as of the date of the announcement; option holders may exercise the options at their discretion on their respective expiry dates to purchase the underlying MSTR shares held by Digital Tech at the strike price, with total consideration of approximately USD 3.47 million (equivalent to approximately HKD 27.10 million) payable if all options are exercised. The strike price and premium were determined with reference to factors including the Company's average purchase price of approximately USD 96.07 per MSTR share and the spot price of approximately USD 123.19 per share on the trading day.
In terms of financial impact, the estimated total proceeds from the sale (including the premium received and, if all options are exercised, the aggregate settlement price) amount to approximately USD 3.54 million (equivalent to approximately HKD 27.65 million); assuming all options are exercised, the Group expects to recognize a gain of approximately USD 1.16 million (equivalent to approximately HKD 9.06 million), being the difference between the total proceeds and the historical cost of the 24,800 MSTR shares of approximately USD 2.38 million (equivalent to approximately HKD 18.59 million), with the actual gain subject to the actual selling price of each MSTR share before the expiry date.
The announcement noted that MSTR refers to Strategy Inc, a bitcoin treasury company incorporated in Delaware, USA, whose Class A common stock is listed on the Nasdaq Global Select Market (ticker: MSTR); as of the date of the announcement, Digital Tech held 24,800 MSTR shares, representing approximately 0.01% of the total issued shares of MSTR. The sale of the call options is an enhancement arrangement implemented while maintaining the relevant holding position, aiming to generate option premium income, improve overall position returns and lower the overall cost basis of the investment while retaining the opportunity for long-term value appreciation of MSTR; the proceeds will be used as general working capital of the Group. In terms of the Listing Rules, as the highest applicable percentage ratio exceeds 5% but is below 25%, the sale constitutes a discloseable transaction subject to reporting and announcement requirements, but is exempt from shareholders' approval.
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