Transfer of 1.83 Million Shares in STERLING GP Worth HKD 18.25 Million Represents 8% Stake

Stock News08-17

A filing with the Hong Kong Stock Exchange on August 14 revealed a notable change in the position of STERLING GP-NEW (01825). The transfer involved a total market value of HKD 18.2545 million, accounting for 8% of the company's shares.

Specifically, the company's shareholder transferred 658,000 shares into Yongfengjin Securities (Asia) and moved 808,000 shares out of Zhuorui Securities Hong Kong.

In its financial results for the year ending March 31, 2026, STERLING GP-NEW reported revenue of approximately HKD 328 million, a 31.38% decline year-over-year. The company recorded a net loss of HKD 62.279 million, a significant increase of about 9.14 times compared to the previous year, resulting in a loss per share of HKD 1.7364.

The company attributed the revenue drop primarily to a decrease in sales from its largest customer, which fell by approximately HKD 133 million, representing a 31.6% reduction from the prior year. The gross profit margin for the review year was approximately 17.1%, down from 18.3% in the same period last year, mainly due to increased tariffs the group bore on exports to the United States.

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