Sheen Tai Holdings Group Co. Ltd. (HK:1335) has released an update.
Sheen Tai Holdings Group Co. Ltd. has announced a significant share disposal by its controlling shareholder, involving a sale of approximately 25% of the company’s total issued share capital to Polly Power Group Company Limited. The transaction is structured in two parts and is expected to be completed by 30 September 2024, after which the selling shareholder, along with related parties, will retain a reduced majority stake of about 37.1%. Shareholders and potential investors are cautioned that the deal is subject to certain conditions and may not proceed as planned.
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