According to the latest data from the Hong Kong Stock Exchange, on October 2nd, a shareholder of ST HLDGS (08305) deposited shares into Yueshan International Securities with a custodial market value of HK$32.4041 million, representing 5.29% of the company.

ST HLDGS announced that on September 26, 2025, the company (as issuer) entered into a capitalization agreement with Mr. Xiang Congxin, Chairman of the Board and Executive Director (as subscriber). Under this agreement, the company has conditionally agreed to allot and issue a total of 110 million capitalization shares at HK$0.285 per capitalization share, representing a discount of 24.0%, to settle part of the outstanding amounts owed by the company to Mr. Xiang Congxin.

The subscription amount of HK$31.35 million payable by Mr. Xiang Congxin under the capitalization agreement will be settled through offsetting equivalent amounts of the outstanding debts on an equal basis.