M&A - SSHT S&T Group Ltd.

Form Type: 8-K

Filing Date: 2025-03-13

Corporate Action: Acquisition

Type: Update

Accession Number: 000182912625001756

Filing Summary: On March 13, 2025, SSHT S&T Group Ltd filed a Form 8-K to report on recent developments following their acquisition of a majority stake in the company by Mr. Jun Wang and Mr. Jianguo Geng. They, as directors of Jinhua Fengde Baiwang Intelligent Technology Group Co., Ltd., are exploring strategic opportunities between SSHT S&T Group Ltd and their company. The discussions are centered around potential collaborations and market expansion strategies aimed at enhancing long-term growth. Although no definitive agreements have been established as of now, the parties are assessing mutually beneficial opportunities. SSHT S&T Group Ltd will provide updates as material developments occur.

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Form Type: 8-K

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: New

Accession Number: 000182912625001592

Filing Summary: On March 10, 2025, SSHT S&T Group Ltd. filed a Form 8-K reporting a significant change in control. On March 4, 2025, Zonghan Wu, the previous director and majority shareholder, sold 85,030,000 shares of the company's common stock, which accounts for approximately 46% of the issued and outstanding shares. The shares were sold to the company's Chairman, Jun Wang, and CEO, Jianguo Geng, for a consideration of $0.005 per share. This transaction signifies a major shift in the ownership structure of the company.

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