ST HLDGS (08305) Plans to Issue 110 Million Capitalization Shares at 24.0% Discount to Settle Partial Debts
Stock News
Sep 26
ST HLDGS (08305) announced that on September 26, 2025, the company (as issuer) entered into a capitalization agreement with Mr. Xiang Congxin, Chairman and Executive Director (as subscriber). Under the agreement, the company conditionally agreed to allot and issue a total of 110 million capitalization shares at HKD 0.285 per capitalization share, representing a discount of 24.0%, 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 offsetting an equivalent amount of the outstanding debt on an equal basis.
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