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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）是一家总部位于佛罗里达州、在中国开展业务的房地产开发公司。该公司宣布了一项战略性公司重组，涉及与其新成立的子公司绿巨企业公司（GGE BVI）合并，该公司在英属维尔京群岛注册成立。此次合并须经股东批准，预计将在指定日期生效，GGE BVI将继续作为控股公司。此次重组旨在通过使GGE BVI符合美国证券交易委员会法规的 “外国私人发行人” 资格来降低长期运营和管理成本，这可能会减少报告义务。Green Giant Inc.的股东将获得同等数量的GGE BVI普通股，以换取其目前的股份。合并后，该公司现任管理层和董事会将继续领导GGE BVI。重组包括通过GGE BVI的新备忘录和公司章程，授权发行A类和B类普通股，以及对公司的股本进行重新分类。该公司的普通股目前在纳斯达克上市，股票代码为 “GGE”，预计合并后将继续上市。董事会建议股东批准合并、通过新的备忘录和章程以及股本重新分类。
Green Giant Inc.（GGE）是一家总部位于佛罗里达州、在中国开展业务的房地产开发公司。该公司宣布了一项战略性公司重组，涉及与其新成立的子公司绿巨企业公司（GGE BVI）合并，该公司在英属维尔京群岛注册成立。此次合并须经股东批准，预计将在指定日期生效，GGE BVI将继续作为控股公司。此次重组旨在通过使GGE BVI符合美国证券交易委员会法规的 “外国私人发行人” 资格来降低长期运营和管理成本，这可能会减少报告义务。Green Giant Inc.的股东将获得同等数量的GGE BVI普通股，以换取其目前的股份。合并后，该公司现任管理层和董事会将继续领导GGE BVI。重组包括通过GGE BVI的新备忘录和公司章程，授权发行A类和B类普通股，以及对公司的股本进行重新分类。该公司的普通股目前在纳斯达克上市，股票代码为 “GGE”，预计合并后将继续上市。董事会建议股东批准合并、通过新的备忘录和章程以及股本重新分类。
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