High-Trend International Group Held Extraordinary General Meeting for Share Capital Restructure
Please see below the corrected original press release.
High-Trend International Group (the "Registrant" or the "Company") (NASDAQ: HTCO), a global ocean technology company, held its Extraordinary General Meeting of Shareholders (the "Meeting") on July 16, 2025. At the Meeting, the shareholders voted to approve (1) the proposal that every 25 issued and unissued class A ordinary shares of a par value of US$0.0001 each and every 25 issued and unissued class B ordinary shares of a par value of US$0.0001 each in the Company's existing share capital be consolidated into 1 class A ordinary share of a par value of US$0.0025 and 1 class B ordinary share of a par value of US$0.0025, respectively (each a "Consolidated Share") and such Consolidated Shares shall rank pari passu in all respects with each other and have the rights and privileges and be subject to the restrictions as contained in the third amended and restated memorandum and articles of association of the Company (the "Share Consolidation"), so that immediately following the Share Consolidation, the authorized share capital of the Company shall be changed from US$50,000 divided into 497,500,000 class A ordinary shares of a par value of US$0.0001 each and 2,500,000 class B ordinary shares of a par value of US$0.0001 each, to US$50,000 divided into 19,900,000 class A ordinary shares of a par value of US$0.0025 each and 100,000 class B ordinary shares of a par value of US$0.0025 each; (2) the proposal that effective immediately following the close of the Meeting, the authorized share capital of the Company be increased by the creation of an additional 470,000,000 class A ordinary shares of a par value of US$0.0025 each and 10,000,000 class B ordinary shares of a par value of US$0.0025 each to rank pari passu in all respects with the existing class A ordinary shares and class B ordinary shares, respectively (the "Increase of Authorized Share Capital") so that immediately following the Increase of Authorized Share Capital, the authorized share capital of the Company shall be changed from US$50,000 divided into 19,900,000 class A ordinary shares of a par value of US$0.0025 each and 100,000 class B ordinary shares of a par value of US$0.0025 each, to US$1,250,000 divided into 489,900,000 class A ordinary shares of a par value of US$0.0025 each and 10,100,000 class B ordinary shares of a par value of US$0.0025 each; and (3) the proposal that effective immediately following the close of the Meeting, the second amended and restated memorandum and articles of association of the Company currently in effect be amended and restated by the deletion in their entirety and the substitution in their place of the third amended and restated memorandum and articles of association annexed to the notice of the Meeting. The Share Consolidation was not yet effected as of the date of this report and the Company intends to go through standard Nasdaq procedures in order to effect the Share Consolidation.
About High-Trend International Group
High-Trend International Group ("High-Trend" or the "Company") is a global ocean technology company with businesses in international shipping and marine carbon neutrality. The Company connects the decarbonization needs of the maritime industry with the supply of the carbon finance market through technology ecosystem, creating a new paradigm for maritime sustainability.
Forward Looking Statements
This announcement contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions, are "forward-looking statements". Such statements include, but are not limited to risks detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2024. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. All information provided in this press release is as of the date of the publication, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
View original content:https://www.prnewswire.com/news-releases/high-trend-international-group-held-extraordinary-general-meeting-for-share-capital-restructure-302509034.html
SOURCE High-Trend International Group
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Baidu Wenku and Netdisk Launch GenFlow 2.0, Deploying Over 100 AI Agents Simultaneously
BEIJING, Aug. 18, 2025 /PRNewswire/ -- Baidu Wenku and Netdisk, Baidu's AI-powered productivity apps, have introduced GenFlow 2.0, a general AI agent featuring more than 100 parallel agents working in collaboration and real-time pause-and-intervene control. Since its debut, GenFlow 2.0 has gained rapid traction with its innovative architecture. Built on Baidu Wenku's proprietary Multi-Agent Parallel Architecture, GenFlow 2.0 cuts complex task processing from hours to under three minutes by orchestrating more than 100 AI agents simultaneously — delivering unmatched speed and scalability compared with current solutions. Tasks such as drafting a full marketing campaign, designing accompanying visuals, and preparing a conference presentation can now be completed in a single, continuous workflow in minutes. Unlike most AI agents that operate as black boxes where users only see inputs and final outputs, GenFlow 2.0 gives users full control during execution — allowing tasks to be paused at any stage, instructions modified, and results edited — providing a highly transparent and controllable human-AI collaboration experience. To ensure accuracy and depth, GenFlow 2.0 autonomously accesses Baidu Scholar's 680 million peer-reviewed academic publications, Baidu Wenku's 1.4 billion professional documents, and user-approved Baidu Netdisk files. Combined with the retrieval-augmented generation (RAG) and multi-agent cross-validation, GenFlow 2.0 reduces hallucinations and delivers exceptional accuracy and reliability. GenFlow 2.0 supports an expansive range of multimodal outputs, including copywriting, visual design, slide creation, research report generation, animation production, and coding. Baidu Wenku's 97 million monthly active AI users—home to the world's largest AI-powered PPT user base—demonstrate the platform's proven execution stability and output quality. Now fully integrated into Baidu Wenku and Baidu Netdisk, which serve over one billion users, GenFlow 2.0 is also MCP-compatible and natively embedded at the OS level on leading Chinese smartphone brand HONOR — enabling seamless access across devices. While foundation model capabilities are important, long-term leadership will increasingly rely on engineering execution and product innovation. GenFlow 2.0 stands out with rapid product iteration, deep localization, and precise market alignment, enabled by its multi-agent architecture and uniquely controllable interaction model. For more information about GenFlow 2.0, please visit View original content to download multimedia: SOURCE Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
Veterinary Hospital Market Industry Trends, Key Growth Drivers, Challenges, Future Opportunities, and Regulatory Landscape 2025-2034
The Global Veterinary Hospital Market is projected to soar from USD 65.9 billion in 2024 to USD 124.4 billion by 2034, propelled by a surging global animal population, increased pet adoption rates, and growing demand for veterinary services. Advances in technology, like telemedicine and improved diagnostics, alongside continuous veterinary research, enhance treatment efficacy and preventative care. The companion animal segment leads, driven by dog and cat ownership. The U.S market, valued at USD 23.8 billion in 2024, benefits from high pet ownership and veterinary tech advancements. Key players like CVS Group and Mars Incorporated focus on expanding services, investing in advanced diagnostics, and partnerships. Veterinary Hospital Market Dublin, Aug. 18, 2025 (GLOBE NEWSWIRE) -- The "Veterinary Hospital Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to Global Veterinary Hospital Market was valued at USD 65.9 billion in 2024 and is estimated to grow at a CAGR of 6.7% to reach USD 124.4 billion by 2034, driven by the increasing global animal population, higher rates of pet adoption, growing demand for veterinary services, and a rise in spending on pet healthcare. The availability of advanced medical equipment, veterinary drugs, pet insurance, and cutting-edge technology has been key to fueling this expansion. Technological advances, including improved imaging techniques, telemedicine, and point-of-care diagnostics, influence the market's rapid growth. Additionally, continuous advancements in veterinary research are significantly improving the quality of care provided to animals, which, in turn, plays a crucial role in the market's growth. Breakthroughs in medical treatments, diagnostics, and surgical techniques allow veterinarians to offer more effective and targeted care, helping to address a wider range of animal health issues. This research is not only focused on improving the treatment of existing conditions but also on preventing diseases through better vaccines, nutrition, and wellness programs. Innovations such as telemedicine platforms and AI-driven diagnostic tools are further revolutionizing the field, making healthcare more accessible and efficient. As veterinary medicine continues to evolve, it ensures that animals receive the highest standard of care, driving demand for specialized veterinary services and contributing to the ongoing expansion of the hospitals provide essential services, such as medical treatment, vaccinations, surgeries, and preventive care, for pets, livestock, and small animals. These hospitals are vital for diagnosing and treating a variety of medical conditions and ensuring that animals receive proper care during critical times. The companion animal segment held the largest share of the market in 2024, generating USD 43.1 billion, attributed to the increasing number of households that consider pets as part of the family. Dogs and cats are the most popular pets globally, driving the demand for comprehensive medical services, preventive treatments, and wellness programs in veterinary general veterinary services segment led the market in 2024, holding 45.8% share. The increasing demand for general services, such as routine check-ups, vaccinations, and preventive care, is fueled by rising pet ownership, greater awareness of animal health, and medical advancements. Technological integration in veterinary practices has helped streamline operations, improve diagnostics, and enable remote consultations, further boosting the market's United States Veterinary Hospital Market was valued at USD 23.8 billion in 2024, attributed to higher pet ownership rates, a strong focus on animal healthcare, and advancements in veterinary technology. Additionally, the country's large population of livestock animals has also contributed to the rising demand for veterinary players in the Global Veterinary Hospital Industry include CVS Group, Mars Incorporated, SASH Vets, Beijing Xintiandi International Animal Hospital, Greencross Vets, The Animal Medical Center, Innovative Petcare, National Veterinary Associates (NVA), Pets at Home Group, Belltowne Veterinary Center, Royal Veterinary College (RVC), MaxPetZ, and Animal Hospital. To strengthen their position in the market, companies focus on adopting strategies like expanding their service offerings and investing in advanced diagnostic tools. Partnerships with pet insurance providers are also rising to make veterinary care more affordable and accessible. Additionally, companies are leveraging digital platforms for telemedicine services, allowing them to reach more customers and offer remote Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis: Animal Hospital All Pets Veterinary Hospital Blaine Central Veterinary Clinic Beijing Xintiandi International Animal Hospital Belltowne Veterinary Center CVS Group Greencross Vets Innovative Petcare Mars Incorporated MaxPetZ National Veterinary Associates (NVA) Pets at Home Group Royal Veterinary College (RVC) SASH Vets The Animal Medical Center Key Attributes: Report Attribute Details No. of Pages 145 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $65.9 Billion Forecasted Market Value (USD) by 2034 $124.4 Billion Compound Annual Growth Rate 6.7% Regions Covered Global Key Topics Covered: Chapter 1 Methodology and ScopeChapter 2 Executive Summary2.1 Industry 360 degree synopsisChapter 3 Industry Insights3.1 Industry ecosystem analysis3.2 Industry impact forces3.2.1 Growth drivers3.2.1.1 Growing animal population and rising pet ownership3.2.1.2 Advancements in veterinary medicine3.2.1.3 Consolidation of animal hospitals3.2.2 Industry pitfalls and challenges3.2.2.1 Shortage of skilled veterinarians3.2.2.2 Limited access in remote areas3.3 Growth potential analysis3.4 Regulatory landscape3.5 Future market trends3.6 Porter's analysis3.7 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company matrix analysis4.3 Competitive analysis of major market players4.4 Competitive positioning matrix4.5 Strategy dashboardChapter 5 Market Estimates and Forecast, by Animal Type, 2021-2034 ($ Mn)5.1 Key trends5.2 Companion animals5.2.1 Dogs5.2.2 Cats5.2.3 Horses5.2.4 Other companion animals5.3 Farm animals5.3.1 Cattle5.3.2 Swine5.3.3 Poultry5.3.4 Other farm animalsChapter 6 Market Estimates and Forecast, by Services, 2021-2034 ($ Mn)6.1 Key trends6.2 General veterinary services6.3 Diagnostic services6.4 Surgical services6.5 Other servicesChapter 7 Market Estimates and Forecast, by Ownership, 2021-2034 ($ Mn)7.1 Key trends7.2 Public7.3 PrivateChapter 8 Market Estimates and Forecast, by Region, 2021-2034 ($ Mn)Chapter 9 Company Profiles9.1 Animal Hospital9.2 All Pets Veterinary Hospital9.3 Blaine Central Veterinary Clinic9.4 Beijing Xintiandi International Animal Hospital9.5 Belltowne Veterinary Center9.6 CVS Group9.7 Greencross Vets9.8 Innovative Petcare9.9 Mars Incorporated9.10 MaxPetZ9.11 National Veterinary Associates (NVA)9.12 Pets at Home Group9.13 Royal Veterinary College (RVC)9.14 SASH Vets9.15 The Animal Medical CenterFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Veterinary Hospital Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
Chinese Stock Index Rises to Decade High as Investors Dump Bonds
(Bloomberg) -- A gauge of Shanghai-listed stocks closed at its highest level in a decade, as cash-rich local investors plow into a market that has surged amid easing trade tensions with the US. The Shanghai Stock Exchange Composite Index jumped 0.9% to close at 3,728 on Monday, its strongest finish since August 2015, according to Bloomberg-compiled data. That cements a 20% turnaround since an April selloff, when US President Donald Trump's sweeping tariffs roiled global markets. Trump extended a tariff truce with China last week. The US-Canadian Road Safety Gap Is Getting Wider A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The rally reflects a rising sense of optimism among small investors, flush with near record-high savings and increasingly rotating out of bonds. Those investors were scarred a decade ago, when a precipitous stock market crash led Beijing to unleash state-backed funds to prop up share prices and left a bitter memory for many investors. There have been false dawns since then, but over the past decade Chinese stocks onshore have badly underperformed benchmarks of shares in the US, Asia and even Europe, long considered a global laggard for equity investors. Fund managers in China are now hoping that the current rally has enough behind it — ranging from hopes about artificial intelligence to government moves to bolster growth — to stand the test of time. 'We're confident that this rally has legs,' said Wang Huan, a fund manager at Shanghai Zige Investment Management Co. Ltd, pointing to sources of optimism including abundant liquidity, government moves to stem price wars and hopes that China's economy is bottoming out. China's stock market has been helped by investors shifting their investments from fixed income, as they scale back expectations of monetary easing and respond to Beijing's decision to restart taxes on interest payments made on government bonds or those of financial institutions. China's 10-year bond yield was up four basis points at 1.78% on Monday, while 30-year yields were around six basis points higher at 2.11%. The country's 30-year bond futures suffered their biggest drop since March. The latest monetary policy report from China's central bank showed policymakers are in no rush to aggressively ease. The Shanghai Composite remains a long way from the heady days of 2015, when a leverage-induced buying spree pushed the index as high as 5,166 before the bubble burst. The all-time high was set in October 2007. Trade Tensions Ease The buzz in China's share market is a stark change from just a few months ago, when fears that the world's two largest economies were entering a prolonged — and painful — trade war rattled markets around the world. The rally is part of a global rise in share prices: Stocks in the US and Indonesia set new highs last week, helping push an MSCI index of global equities to a record. The recovery in China's stock market has led to a frenzy of trading activity. Turnover on mainland exchanges was more than 2.7 trillion yuan ($376 billion) on Monday, the second highest turnover ever following an Oct. 8 peak, according to Bloomberg-compiled data. That followed mainland Chinese traders buying a record HK$35.9 billion ($4.6 billion) worth of stocks in Hong Kong on Friday, as the risk-on mood in mainland equities spilled over across the border. There has also been a surge in loans for stock purchases, a sign that investors are taking on leverage to join the rally. The amount of margin debt taken out to buy stocks climbed to the highest level since 2015 last week, and is now about 10% away from hitting an all-time high. Other policy tweaks have helped direct investors to local stocks. China strengthened its oversight of taxes on overseas stock trading gains, and said it will subsidize interest payments on eligible personal consumer loans. The Shanghai index's 11% gain this year has beaten the CSI 300 Index, another closely watched onshore gauge which is up around 8%. A bigger weighting of high-performing bank stocks in the Shanghai Composite has helped drive the outperformance, in large part due to buying by insurance funds. --With assistance from Julia Zhong. (Updates stock and bond prices. Adds details of latest central bank policy report.) What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan How Syrian Immigrants Are Boosting Germany's Economy ©2025 Bloomberg L.P.
