Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Santech Holdings ( (STEC) ) has provided an announcement.
On December 19, 2025, Santech Holdings Limited held an extraordinary general meeting in Hong Kong at which shareholders approved a broad restructuring package, including changing the company’s English name to BitVentures Limited (subject to approval by the Cayman Islands registrar), consolidating every 20 ordinary shares into one new ordinary share with a higher par value, and subsequently increasing authorized share capital to 100 million ordinary shares. Investors also backed the adoption of a new set of amended and restated constitutional documents, re-elected director Lawrence Wai Lok and independent directors Wing To Howard Chan and Fai Kam, and authorized directors and officers to implement the resolutions, moves that collectively refresh the governance framework and expand future capital-raising flexibility. In parallel, the company confirmed that its American Depositary Receipt facility will be terminated on December 29, 2025, with ADSs expected to cease trading and be cancelled that day, after which each former ADS holder is to receive 20 ordinary shares; Santech plans for its post-consolidation ordinary shares to begin trading on Nasdaq under the new ticker “BVC” on or around December 29, 2025, although the timing and ultimate clearance of this substitution listing by Nasdaq remain uncertain, creating a key near-term execution risk for existing shareholders.
More about Santech Holdings
Santech Holdings Limited, a Cayman Islands-incorporated company listed on Nasdaq under the ticker STEC and headquartered in Hong Kong, is transitioning its capital structure and market presence, including a planned rebranding to BitVentures Limited and a shift from American Depositary Shares to direct trading of its ordinary shares on Nasdaq. The company operates through an offshore holding structure typical of foreign private issuers and maintains its primary corporate governance framework under Cayman Islands company law.
Average Trading Volume: 591,339
Technical Sentiment Signal: Sell
Current Market Cap: $75.96M
For an in-depth examination of STEC stock, go to TipRanks’ Overview page.