M&A - Plastec Technologies, Ltd.

Form Type: POS AM

Filing Date: 2025-06-13

Corporate Action: Merger

Type: Update

Accession Number: 000141057825001412

Filing Summary: This document is a Post-Effective Amendment No. 19 to Form F-1 Registration Statement associated with Plastec Technologies, Ltd., which is a Cayman Islands company. It registers 12,093,935 ordinary shares for resale by Selling Securityholders, including shares from the company's initial public offering and those issued to former shareholders of Plastec International Holdings Limited related to a merger that occurred in 2016. The prospectus informs that the company will not receive proceeds from the sales of the securities under this registration. It notes that the company is currently a shell with minimal operations after divesting its operating subsidiary, Plastec, in 2016. There are extensive disclosures regarding potential risks, the company's history, and the legal implications of operating under current Chinese regulations. The document also emphasizes that Plastec Technologies is subject to unique risks associated with its corporate structure and regulatory environment, particularly regarding compliance with the PCAOB and risks of being classified as a foreign company limited in the U.S. trading market due to concerns around audit inspections. The prospectus declares the last known trading price for its stock as $0.02, effective June 12, 2025, and highlights risks associated with a lack of operations, including recent PCAOB determinations regarding audit firms in China.