*ST Asia Pacific Halts Trading for 162M Share Restructuring

*ST Asia Pacific (000691.SZ) will execute a court-ordered restructuring plan that significantly expands its share capital. In a December 30 announcement, the company stated that the Lanzhou Intermediate People's Court has approved its reorganization strategy. The plan involves converting capital reserves to increase the company's share base. Specifically, for every 10 shares held, 5 new shares will be issued, adding a total of 162 million shares. This will increase the total outstanding shares from 323 million to 485 million.

Trading Halted Dec. 31 Ahead of Dilution Event

To facilitate the capital change, the company's stock will be suspended from trading for one day on December 31, 2025. This date also serves as the equity registration day for the new share issuance. Trading is scheduled to resume on January 5, 2026, which is also the listing date for the newly created 162 million shares. While the restructuring is a necessary step to stabilize the company, the 50% increase in share count will dilute the holdings of existing investors, potentially creating downward price pressure when the stock resumes trading.

Court Mandates 162 Million Share Increase

Trading Halted Dec. 31 Ahead of Dilution Event