S&T HLDGS (03928) announced that on September 25, 2024, the company received...
According to the announcement by S&T HLDGS (03928) on September 25, 2024, one of the major shareholders and executive director, Mr. Zhang, informed that as part of his personal asset planning, he suggested transferring 20% equity of Alpine Treasure held by him to Sculla Global (a limited company registered in the British Virgin Islands and fully owned by Mr. Zhang) at a nominal price of 1 US dollar.
As of the date of this announcement, Alpine Treasure holds directly 0.36 billion shares, accounting for 75.0% of the total issued share capital of the company. Alpine Treasure is directly owned by Mr. Zhang and Mr. He with 20% and 80% equity interests, respectively.
Following the proposed transfer, Alpine Treasure will have Mr. Zhang indirectly hold 20% equity through his holding company Sculla Global, and Mr. He will directly hold 80% equity. After the proposed transfer, Alpine Treasure will continue to hold 0.36 billion shares, accounting for 75.0% of the total issued share capital of the company.
The proposed transfer is not expected to have any significant impact on the company's management and operations.