HK Stock Market Move | ST HLDGS (08305) rises over 4% after entering into a procurement cooperation agreement with Letian Investment to explore a new supply chain track.

ST HLDGS (08305) rose over 4%, up 4.12% as of press time, at HK$0.202, with a turnover of HK$637,100. On the news front, on October 11, ST HLDGS issued an announcement that the Company had entered into a procurement cooperation agreement on September 28, 2026 with an independent third-party partner, Letian Investment Holding (Guangdong) Group Co., Ltd. (Letian Investment). The two parties intend to establish a long-term industrial cooperation relationship and jointly build a supply chain business operation platform. Letian Investment will utilize its own resources to introduce diversified external supply chain businesses, including big health, community consumption, and beauty industries, to the Group's operation platform, which is expected to bring revenue and profit increments to the Group. The announcement stated that Letian Investment intends to conduct procurement through the Company's subsidiary, Fuping Shengtang Food Technology Co., Ltd. In view of the production cycle of goat milk products and the seasonal demand in the big health and beauty markets, during the term of the agreement, both parties will execute orders in batches to ensure supply chain flexibility and capacity matching. Letian Investment intends to commit to purchasing the Group's goat milk products from the Company for five consecutive years, with an annual proposed minimum procurement amount of approximately RMB 100 million. Through this cooperation, it is expected to help consolidate the sales scale of the Group's dairy products business and open up a new supply chain track.