Sterling GP Sees HK$8.91 Million Share Transfer Representing 11.1% as Placement Deal Terminated

Stock News09-22

A shift in shareholdings has been detected for STERLING GP-NEW (01825), with a total market value of HK$8.911 million transferred on September 21, accounting for 11.1% of the company's shares, according to the latest data from the Hong Kong Stock Exchange.

The company's shareholder moved 674,000 shares into China Bank (Hong Kong) while 1.118 million shares were transferred out of Yuanta Securities Hong Kong.

Separately, STERLING GP-NEW (01825) announced that on September 18, 2026, after the close of trading, the placement agent provided written notice to the company terminating the placement agreement in accordance with its terms, effective immediately, citing significant changes in recent market conditions.

Following the termination, all rights, obligations, and liabilities of the parties under the placement agreement have ceased, and neither party may assert any claims against the other arising from or connected to the agreement, except those related to the termination itself.

The company believes that ending the placement agreement and the proposed placing under it will not have any material adverse impact on the group's business operations or financial position.

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