Research analysts covering Globavend Holdings.
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Globavend Holdings Limited Establishes Dual-Class Share Structure
GVH
- On August 27, 2025, Globavend Holdings Limited entered into a Share Subscription Agreement with its founder, CEO, and Chairman, Wai Yiu Yau, who subscribed for 100 Management Shares for a total consideration of US$1,000.
- Each Management Share is entitled to 1,000,000 votes, significantly altering the company's voting structure.
- As a result of this subscription, Wai Yiu Yau now holds approximately 98.44% of the total voting power in the Company, despite owning only about 3.62% of the total issued and outstanding shares.
- This transaction establishes a dual-class share capital structure and designates Globavend Holdings Limited as a "controlled company" under Nasdaq Stock Market Rules, which means it is exempt from certain corporate governance requirements.
Aug 29, 2025, 8:10 PM
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