On February 13, a shareholder of VSING deposited shares into Sheng Heng Financial Holdings, with a market value of HK$63.94 million, representing 18.25% of the company's issued share capital. On January 12, VSING announced that the placement agreement, as supplemented by an addendum dated December 19, 2025, had lapsed on January 12, 2026, as the conditions under the agreement were not fulfilled by the extended final deadline.
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