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Green Giant Inc. (GGE), a Florida-based real estate development company with operations in China, has announced a strategic corporate reorganization involving a merger with its newly formed subsidiary, Green Giant Enterprise Inc. (GGE BVI), incorporated in the British Virgin Islands. The merger, subject to shareholder approval, is expected to be effective on a specified date, with GGE BVI surviving as the holding company. This reorganization aims to reduce long-term operational and administrative costs by qualifying GGE BVI as a 'foreign private issuer' under SEC regulations, potentially reducing reporting obligations. Shareholders of Green Giant Inc. will receive an equal number of GGE BVI ordinary shares in exchange for their current shares. The company's current management and board will...Show More
Green Giant Inc. (GGE), a Florida-based real estate development company with operations in China, has announced a strategic corporate reorganization involving a merger with its newly formed subsidiary, Green Giant Enterprise Inc. (GGE BVI), incorporated in the British Virgin Islands. The merger, subject to shareholder approval, is expected to be effective on a specified date, with GGE BVI surviving as the holding company. This reorganization aims to reduce long-term operational and administrative costs by qualifying GGE BVI as a 'foreign private issuer' under SEC regulations, potentially reducing reporting obligations. Shareholders of Green Giant Inc. will receive an equal number of GGE BVI ordinary shares in exchange for their current shares. The company's current management and board will continue to lead GGE BVI post-merger. The reorganization includes the adoption of a new Memorandum and Articles of Association for GGE BVI, authorizing the issuance of Class A and Class B ordinary shares, and a reclassification of the company's share capital. The company's common stock, currently listed on Nasdaq under the symbol 'GGE', is expected to remain listed post-merger. The Board of Directors recommends shareholder approval for the merger, the adoption of the new Memorandum and Articles of Association, and the share capital reclassification.
Green Giant Inc.（GGE）是一家總部位於佛羅里達州、在中國開展業務的房地產開發公司。該公司宣佈了一項戰略性公司重組，涉及與其新成立的子公司綠巨企業公司（GGE BVI）合併，該公司在英屬維爾京群島註冊成立。此次合併須經股東批准，預計將在指定日期生效，GGE BVI將繼續作爲控股公司。此次重組旨在通過使GGE BVI符合美國證券交易委員會法規的 “外國私人發行人” 資格來降低長期運營和管理成本，這可能會減少報告義務。Green Giant Inc.的股東將獲得同等數量的GGE BVI普通股，以換取其目前的股份。合併後，該公司現任管理層和董事會將繼續領導GGE BVI。重組包括通過GGE BVI的新備忘錄和公司章程，授權發行A類和B類普通股，以及對公司的股本進行重新分類。該公司的普通股目前在納斯達克上市，股票代碼爲 “GGE”，預計合併後將繼續上市。董事會建議股東批准合併、通過新的備忘錄和章程以及股本重新分類。
Green Giant Inc.（GGE）是一家總部位於佛羅里達州、在中國開展業務的房地產開發公司。該公司宣佈了一項戰略性公司重組，涉及與其新成立的子公司綠巨企業公司（GGE BVI）合併，該公司在英屬維爾京群島註冊成立。此次合併須經股東批准，預計將在指定日期生效，GGE BVI將繼續作爲控股公司。此次重組旨在通過使GGE BVI符合美國證券交易委員會法規的 “外國私人發行人” 資格來降低長期運營和管理成本，這可能會減少報告義務。Green Giant Inc.的股東將獲得同等數量的GGE BVI普通股，以換取其目前的股份。合併後，該公司現任管理層和董事會將繼續領導GGE BVI。重組包括通過GGE BVI的新備忘錄和公司章程，授權發行A類和B類普通股，以及對公司的股本進行重新分類。該公司的普通股目前在納斯達克上市，股票代碼爲 “GGE”，預計合併後將繼續上市。董事會建議股東批准合併、通過新的備忘錄和章程以及股本重新分類。
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