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.