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Golden Heaven Group Holdings Ltd. 6-K Report: Major Share Capital Changes Ahead!

$GDHG
Form 6-K
Filed on: 2025-02-10
Source
Golden Heaven Group Holdings Ltd. 6-K Report: Major Share Capital Changes Ahead!

Key Information from the Financial Report (6-K) of Golden Heaven Group Holdings Ltd.:

  1. Filing Details:
  • Type: Report of Foreign Private Issuer (Form 6-K)
  • Commission File Number: 001-41675
  • Filing Date: February 10, 2025
  • Reporting Period: Month of February 2025
  1. Company Information:
  • Name: Golden Heaven Group Holdings Ltd.
  • Address: No. 8 Banhouhaichuan Rd, Xiqin Town, Yanping District, Nanping City, Fujian Province, China 353001
  • Contact Method for Meeting: Participants could attend in person or via a virtual platform.
  1. Extraordinary General Meeting (EGM):
  • Date and Time: February 7, 2025, at 9:30 a.m. Eastern Time.
  • Meeting Format: Hybrid (in-person and remote attendance).
  1. Resolutions Adopted:
  • Increase in Authorized Share Capital:
    • From US$210,000 to US$10,030,000.
    • Breakdown:
    • 2,000,000,000 Class A ordinary shares (par value of US$0.005 each).
    • 6,000,000 Class B ordinary shares (par value of US$0.005 each).
  • Amendment of Memorandum and Articles of Association:
    • Replacement of Clause 8 to reflect the increase in authorized share capital.
  • Share Capital Reorganization:
    • Following the increase, a proposed consolidation of shares at a 5:1 ratio:
    • Post-consolidation:
      • 400,000,000 Class A ordinary shares (par value of US$0.025 each).
      • 1,200,000 Class B ordinary shares (par value of US$0.025 each).
    • The board is authorized to determine the effective time for consolidation within one calendar year.
  1. Authority Granted to the Board:
  • The board has the discretion to proceed with the share consolidation and necessary filings reflecting these changes.
  1. Signatory Details:
  • Date of Signature: February 10, 2025
  • Signatory: Jin Xu
  • Title: Chief Executive Officer, Director, and Chairman of the Board of Directors

Insights:

  • The significant increase in authorized share capital indicates a potential for future expansion or funding needs.
  • The share consolidation suggests a strategic move to enhance the market perception of the company's stock by reducing the number of shares outstanding, which may improve share price stability.
  • The adoption of new articles of association reflects governance adjustments to support the company's growth strategy and shareholder interests.