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ReTo Eco-Solutions Reports Strategic Share Sale: December 2024 Insights

$RETO
Form 6-K
Filed on: 2025-01-07
Source
ReTo Eco-Solutions Reports Strategic Share Sale: December 2024 Insights

Key Information Extracted from the Financial Report

  1. Form Type: The document is filed as a Form 6-K, which is a report of a foreign private issuer.
  2. Company Details:
  • Name: ReTo Eco-Solutions, Inc.
  • Incorporation: British Virgin Islands business company.
  • Address: c/o Beijing REIT Technology Development Co., Ltd., X-702, 60 Anli Road, Chaoyang District, Beijing, People's Republic of China 100101.
  • Commission File Number: 001-38307.
  1. Reporting Period: The report covers events occurring in December 2024.
  2. Key Transaction:
  • On December 30, 2024, ReTo Eco-Solutions, Inc. entered into a Share Sale Agreement with Zhao Duan Wen (the Buyer).
  • The transaction involved the sale of all shares in REIT Holdings (China) Limited, a wholly-owned subsidiary of the Company.
  • Purchase Price: US$80,000.
  • Effective Date of Transaction: December 31, 2024.
  1. Financial Statements:
  • The report includes unaudited pro forma condensed combined financial statements for the six months ended June 30, 2024, and the year ended December 31, 2023.
  • These financial statements are filed as Exhibit 99.1 and incorporate the effects of the divestiture.
  1. Incorporation by Reference:
  • The report and its exhibits are incorporated by reference into several registration statements filed by the Company, including:
    • Form F-3 (File No. 333-267101).
    • Form S-8 (File No. 333-270355).
    • Form S-8 (File No. 333-280119).
  1. Signature:
  • The report is signed by Hengfang Li, the Chief Executive Officer of ReTo Eco-Solutions, Inc., on January 7, 2025.

Insights:

  • The divestiture of REIT Holdings (China) Limited could indicate a strategic move by ReTo Eco-Solutions, potentially focusing on core operations or restructuring to improve financial performance.
  • The financial impact of this sale will be reflected in the upcoming financial statements, which will be crucial for stakeholders to assess the company's future outlook.
  • The incorporation of this report into multiple registration statements suggests ongoing regulatory compliance and may indicate future capital-raising activities or other corporate actions.

Investors and analysts should monitor subsequent filings for updates on the financial performance post-divestiture and any strategic shifts that may arise from this transaction.