The controlling shareholder of Elephant Holdings Group (08635) plans to reduce its holdings by 16.512 million shares indefinitely, intending to reduce their stake in the company by 27.5% through a placement agent.

Wisdom Financial News APP announced that Elephant Holdings Group (08635) disclosed that on September 22, 2025, the controlling shareholder of the company, Perpetual Holdings Limited, entered into a placement agreement with placement agents, intending to place 132 million shares of the company through placement agents, accounting for 27.5% of the company's issued shares.