ST HLDGS Executive Chairman Boosts Stake with 480,000 Share Purchase

Stock News09-23

ST HLDGS (08305) has announced that its Executive Director and Board Chairman, Mr. Li Mengda, recently acquired a total of 480,000 ordinary shares of the company on the open market at an average price of approximately HK$0.210 per share, with a total consideration of around HK$101,000.

According to the filing, immediately prior to this transaction, Mr. Li held 31.5 million shares, representing approximately 1.94% of the company's total issued share capital. Following the transaction, his holdings have increased to 31.98 million shares, lifting his stake to about 1.97% of the total issued shares.

Mr. Li stated that this share purchase fully demonstrates his firm confidence in the company's future prospects and long-term growth potential, as well as his recognition of the company's long-term value. Subject to applicable laws and regulatory requirements, Mr. Li did not rule out the possibility of further increasing his shareholding in the company at an appropriate time in the future.

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