Webuy Global Ltd, a Southeast Asian community-oriented e-commerce retailer specializing in groceries and travel, has announced a series of corporate actions and financial updates. The company, incorporated in the Cayman Islands, underwent a share swap agreement on August 29, 2022, acquiring New Retail International Pte Ltd and becoming its wholly-owned subsidiary. This was followed by a share forward split on May 2, 2023, increasing authorized shares and adjusting par value. On March 8, 2024, an extraordinary general meeting led to the reclassification of shares into Class A and Class B ordinary shares. Financially, Webuy reported net losses for the years ending December 31, 2023, and 2022, but managed to secure government grants and complete an initial public offering (IPO) on the Nasdaq Capital Market under the symbol 'WBUY'. The company's financial statements, audited by OneStop Assurance PAC, indicate efforts to continue operations despite doubts about its ability to sustain as a going concern.

Webuy Global Ltd, a Southeast Asian community-oriented e-commerce retailer specializing in groceries and travel, has announced a series of corporate actions and financial updates. The company, incorporated in the Cayman Islands, underwent a share swap agreement on August 29, 2022, acquiring New Retail International Pte Ltd and becoming its wholly-owned subsidiary. This was followed by a share forward split on May 2, 2023, increasing authorized shares and adjusting par value. On March 8, 2024, an extraordinary general meeting led to the reclassification of shares into Class A and Class B ordinary shares. Financially, Webuy reported net losses for the years ending December 31, 2023, and 2022, but managed to secure government grants and complete an initial public offering (IPO) on the Nasdaq Capital Market under the symbol 'WBUY'. The company's financial statements, audited by OneStop Assurance PAC, indicate efforts to continue operations despite doubts about its ability to sustain as a going concern.