ST Standard issued an abnormal trading notice after its shares recorded a cumulative 12% decline in the deviation of closing prices over three consecutive trading days—June 15, 2026, June 16, 2026, and June 17, 2026.
According to Jin10, the company said there is uncertainty over whether its controlling shareholder, Standard Group, will be able to solicit a qualified final transferee through a public solicitation to transfer part of its shareholding.
The company also said it remains uncertain whether the proposed transfer can obtain final approvals from the state-owned assets supervision authority and other relevant competent bodies.
Standard Group has preliminarily completed the drafting of the public solicitation transfer plan and is advancing required communications and approval-related work. The company said the specific plan still needs consent from the state-owned assets supervision authority and other authorized institutions, and it remains uncertain whether the process can enter the solicitation stage and when it might do so.
ST Standard Shares Fall 12% Over Three Sessions, Triggering Abnormal Trading Notice
2026-06-17 10:12:19
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