STERLING GP cuts issued shares by 90% after March capital reorganisation; authorised share count quadrupled

Bulletin Express
Apr 01

Sterling Group Holdings Limited (STERLING GP) has filed its monthly return for the period ended 31 March 2026, highlighting a substantial overhaul of its capital structure.

The capital reorganisation, approved on 02 March 2026 and effected on 16 March 2026, reduced outstanding ordinary shares by 373.25 million—from 414.72 million to 41.47 million—representing a 90% contraction. No treasury shares were created or cancelled in the process.

Concurrently, the company reshaped its authorised share capital. The authorised share count was lifted from 2.50 billion shares with a par value of HKD 0.04 each to 10.00 billion shares with a par value of HKD 0.01 each. Despite the four-fold increase in authorised shares, total authorised capital remained unchanged at HKD 100 million.

The issuer confirmed compliance with the Hong Kong Stock Exchange’s minimum public-float requirement of 25% for the class of listed shares.

No share options were granted, exercised, lapsed or cancelled during the month, leaving zero options outstanding. The existing option scheme still allows for up to 2.00 million shares to be issued in future.

The filing was submitted on 01 April 2026 as a resubmission and signed by Company Secretary Chow Yun Cheung.

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