ST HLDGS (08305) announced on August 18, 2025, that the company intends to place up to 252 million placement shares, representing approximately 16.67% of the company's issued share capital following the issuance and placement of the placement shares. The placement price of HK$0.20 per placement share represents a discount of approximately 18.7% compared to the closing price of HK$0.246 on August 18. Upon completion and assuming the placing agent successfully places all placement shares, the maximum gross proceeds from the placement are expected to be HK$50.4 million, with estimated net proceeds of approximately HK$48.7 million after deducting placement commission and other related expenses. The company plans to utilize the net proceeds from the placement as follows: approximately HK$19.7 million for business operations and potential expansion of the Group's construction business; approximately HK$17 million for the development of the Group's dairy products distribution business segment; approximately HK$4 million for repayment of existing bank borrowings; and approximately HK$8 million for the Group's general working capital.