ST HLDGS Plans to Issue 110 Million Capitalization Shares at 24.0% Discount to Settle Partial Debt
Deep News
Sep 29
ST HLDGS (08305) 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 the agreement, the company has conditionally agreed to allot and issue a total of 110 million capitalization shares at a discount of 24.0% at HKD 0.285 per capitalization share to settle part of the outstanding amounts owed by the company to Mr. Xiang Congxin. The subscription amount of HKD 31.35 million payable by Mr. Xiang Congxin under the capitalization agreement will be settled through the set-off of an equivalent amount of outstanding amounts on an equal basis.
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