Shunten International (00932) Records HK$16.94 Million in Deposited Shares; Major Shareholder Transfers 565 Million Shares to BOCOM International Securities

Stock News09-24

Latest data from the Stock Exchange of Hong Kong reveals that on September 23, Shunten International Holdings (00932) experienced a notable position shift, with deposited shares reaching a total market value of HK$16.94 million, representing 18.17% of the company. A major shareholder deposited 565 million shares into BOCOM International Securities, increasing their stake by 18.17%.

Shunten International Holdings (00932) issued an announcement stating that as of the announcement date, the company's authorized share capital of HK$10 million is divided into 4 billion shares with a par value of HK$0.0025 per share, of which 3.108 billion shares have been issued. To enhance flexibility in fundraising, accommodate potential issuance of new shares, and facilitate future business growth, the board proposes to increase the authorized share capital from 4 billion shares to 100 billion shares by adding 96 billion additional shares (the proposed increase in authorized share capital). Upon issuance, these new shares will rank pari passu with existing shares in all respects.

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