Da Sen Holdings Sees Major Share Movement Worth HK$29.27 Million, Representing 9.89% Stake Transfer

Stock News
Sep 21

Hong Kong Exchange filings reveal that on September 18, Da Sen Holdings (01580) experienced a significant change in share positioning, with a total transfer market value of HK$29.27 million, accounting for 9.89% of the company's shares. The shareholder transferred 108 million shares to KIS Securities while simultaneously moving the same 108 million shares out of Hong Kong and Shanghai Banking Corporation.

The company announced that on September 18, 2026 (after the trading session on the Stock Exchange), it entered into a placing agreement with the placing agent. Under this agreement, the placing agent (acting as the company's agent) conditionally agreed to use its best efforts to procure no fewer than six placees to subscribe for a total of 219 million placing shares at a placing price of HK$0.241 per share. Notably, the placing price of HK$0.241 per share represents a discount of approximately 19.7% to the closing price of HK$0.300 per share as quoted on the Stock Exchange on September 18, 2026, which is the date of the placing agreement.

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