Santech Holdings Announces Completion of Issuance of Ordinary Shares

HONG KONG, March 19, 2025 (GLOBE NEWSWIRE) -- On March 17, 2025, Santech Holdings Limited (NASDAQ:STEC) (the "Company"), entered into a share subscription agreement and raised additional capital to fund its current operations. Pursuant to the share subscription agreement, the Company will issue to Carmel Holdings Limited 112,000,000 restricted ordinary shares of the Company (the "Subscription Shares") for a total consideration of approximately US$1.0 million. With the approval of all independent directors o ...