STERLING GP-NEW (01825) Records HK$34.2 Million Share Transfer, Representing 6.52% of Total Holdings

Stock News09-17 09:01

Hong Kong Exchanges and Clearing Limited's latest disclosures reveal that on September 16, STERLING GP-NEW (01825) experienced a significant position shift, with a total transfer value of HK$34.1964 million, accounting for 6.52% of the company's shares. A shareholder transferred 710,000 shares to Interactive Brokers Hong Kong while simultaneously moving 960,000 shares out of Interactive Brokers.

Earlier, STERLING GP-NEW announced that on September 4, 2026, the company planned to issue up to 8.2944 million placing shares through a placing agent to no fewer than six placees, with each placing share priced at HK$6.80, representing a discount of approximately 19.53% from the closing price of HK$8.450 on that day. Assuming all placing shares are fully subscribed, the company would raise approximately HK$55.9 million in net proceeds, which are intended to fund the group's apparel business operations and general working capital requirements.

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