Sandmartin International (Stock Code: 482) Announces Deemed Disposal in Subsidiary via Rights Issue

Bulletin Express

Oct 22, 2025

Sandmartin International Holdings Limited (Stock Code: 482) announced that Pro Brand Technology (TW) Inc., its non-wholly owned subsidiary, launched a rights issue for existing shareholders between 15 October 2025 and 22 October 2025. Sandmartin International chose not to participate in the offering, leading to the dilution of its shareholding in Pro Brand Technology (TW) Inc. from approximately 59.1% to about 54.2%. This resulted in a deemed disposal under the applicable Hong Kong Listing Rules but remains exempt from shareholders’ approval.

Following the rights issue, Pro Brand Technology (TW) Inc. will continue to be classified as a non-wholly owned subsidiary of Sandmartin International, and its financial results will remain consolidated into the Group’s statements. The company indicated that no significant gain or loss is expected from this disposal.

According to audited data for the year ended 31 December 2024, Pro Brand Technology (TW) Inc. reported revenue of NT$1,544.20 million and a net loss of NT$449.49 million. Its consolidated net asset value as of 31 December 2024 stood at approximately NT$579.05 million, equivalent to around HK$146.44 million based on the provided exchange rate. The rights issue is expected to provide the subsidiary with additional working capital for business expansion without requiring further capital commitment from Sandmartin International.

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Sandmartin International chose not to participate in the offering, leading to the dilution of its shareholding in Pro Brand Technology (TW) Inc. from approximately 59.1% to about 54.2%. This resulted in a deemed disposal under the applicable Hong Kong Listing Rules but remains exempt from shareholders’ approval.</p>\n<p>Following the rights issue, Pro Brand Technology (TW) Inc. will continue to be classified as a non-wholly owned subsidiary of Sandmartin International, and its financial results will remain consolidated into the Group’s statements. The company indicated that no significant gain or loss is expected from this disposal.</p>\n<p>According to audited data for the year ended 31 December 2024, Pro Brand Technology (TW) Inc. reported revenue of NT$1,544.20 million and a net loss of NT$449.49 million. Its consolidated net asset value as of 31 December 2024 stood at approximately NT$579.05 million, equivalent to around HK$146.44 million based on the provided exchange rate. The rights issue is expected to provide the subsidiary with additional working capital for business expansion without requiring further capital commitment from Sandmartin International.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00482","symbol_name":"圣马丁国际","start_time":0,"source_url":"","article_id":"1152745339","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152745339","pubTimestamp":1761145300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Sandmartin International Holdings Limited (Stock Code: 482) announced that Pro Brand Technology (TW) Inc., its non-wholly owned subsidiary, launched a rights issue for existing shareholders between...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00482":"圣马丁国际"},"translate_title":"Sandmartin International（股份代号：482）公布透过供股视作出售附属公司","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00482":1},"content_text":"Sandmartin International Holdings Limited (Stock Code: 482) announced that Pro Brand Technology (TW) Inc., its non-wholly owned subsidiary, launched a rights issue for existing shareholders between 15 October 2025 and 22 October 2025. 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