Core Points - Santech Holdings Limited has entered into a share subscription agreement to raise approximately US$1.0 million by issuing 112,000,000 restricted ordinary shares to Carmel Holdings Limited [1][2] - The proceeds from this issuance will be utilized to support the company's liquidity and working capital needs [2] - This share issuance is part of the company's ongoing restructuring and business reorganization efforts [3] Company Overview - Santech Holdings Limited (NASDAQ:STEC) is a consumer-focused technology company that has historically served high net-worth clients in China in financial services and health management [4] - The company has exited its historical financial services businesses and is now exploring innovative opportunities in technology, including new retail, social e-commerce, and the metaverse [4]
Santech Holdings Announces Completion of Issuance of Ordinary Shares