ST Asia Pacific: Shareholders and persons acting in concert propose to increase their holdings by 4.8 - 9.6 million shares.

date
02/02/2026
*ST Asia Pacific announced on January 26, 2026, that Chen Zhijian, Guangzhou Wanshun, and Zhang Wenfeng signed a "Joint Action Agreement" with a term of 1 year. In order to fulfill the agreement, Guangzhou Wanshun and its joint actors Guangzhou Wanjing Enterprise Management Partnership Enterprise, and Zhang Wenfeng intend to acquire the company's shares held by Taihua Investment. Zhang Wenfeng has acquired 500,000 shares on January 26, accounting for 0.1031% of the total share capital. They plan to continue acquiring shares within 6 months, accumulating no less than 4.8 million shares and no more than 9.6 million shares. Before the acquisition, their combined voting rights shares accounted for 10.9427% of the total share capital. This increase in holdings may be delayed or unable to be implemented due to market or other factors.