Latest data from the Hong Kong Stock Exchange reveals that on November 11, a shareholder of ST HLDGS (08305) transferred shares from YueShang International Securities to uSMART Securities, with a transfer value of HK$47.91 million, accounting for 6.21% of the holdings.

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

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