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Santech Holdings ( (STEC) ) has issued an update.
On March 19, 2025, Santech Holdings Limited announced the completion of a share subscription agreement with Carmel Holdings Limited, resulting in the issuance of 112,000,000 restricted ordinary shares for approximately US$1.0 million. This move, approved by the company’s Board of Directors, aims to enhance Santech’s liquidity and working capital, marking a significant step in its ongoing restructuring and business reorganization efforts.
More about Santech Holdings
Santech Holdings Limited is a consumer-focused technology company listed on NASDAQ under the ticker STEC. Historically, it served high net-worth clients in China in financial services and health management but has since exited these businesses. The company is now exploring innovative opportunities in technology sectors such as new retail, social e-commerce, and the metaverse.
YTD Price Performance: 43.81%
Average Trading Volume: 2,341,921
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $42.28M
See more data about STEC stock on TipRanks’ Stock Analysis page.