SANDMARTIN INTL does not participate in the subscription of Pro Brand Technology (TW) Inc.'s rights issue, resulting in a dilution of its shareholding to approximately 54.2%
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SANDMARTIN INTL announced that it will not participate in the rights issue of its non-wholly-owned subsidiary Pro Brand Technology (TW) Inc. The rights issue will take place from October 15 to October 22, 2025, allowing existing shareholders to subscribe for new shares in proportion to their holdings. The company's decision not to subscribe will result in its ownership stake in the target company being diluted from approximately 59.1% to approximately 54.2%. According to Listing Rule 14.29, this dilution is considered a disposal of equity interest
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