Pop Culture Group Acquires Yi Caishen Trading Co.
Ticker: CPOP · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1807389
| Field | Detail |
|---|---|
| Company | Pop Culture Group CO., LTD (CPOP) |
| Form Type | 6-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $1,100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, foreign-private-issuer, business-development
TL;DR
Pop Culture Group buying Yi Caishen Trading Co. on May 29th. New growth avenue.
AI Summary
On May 29, 2024, Pop Culture Group Co., Ltd. entered into a Stock Purchase Agreement to acquire Yi Caishen (Xiamen) Trading Co., Ltd. through its Hong Kong subsidiary, Pop Culture (HK) Holding Limited. This filing is a report of foreign private issuer for the month of June 2024.
Why It Matters
This acquisition signals Pop Culture Group's expansion into new trading activities, potentially diversifying its revenue streams and market presence.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and future performance of the acquired entity.
Key Players & Entities
- Pop Culture Group Co., Ltd (company) — Acquiring company
- Yi Caishen (Xiamen) Trading Co., Ltd (company) — Acquired company
- Pop Culture (HK) Holding Limited (company) — Wholly owned subsidiary of Pop Culture Group
- May 29, 2024 (date) — Date of Stock Purchase Agreement
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing serves as a report of foreign private issuer for the month of June 2024, detailing the entry into a Stock Purchase Agreement.
Which subsidiary of Pop Culture Group Co., Ltd. is involved in the acquisition?
Pop Culture (HK) Holding Limited, a wholly owned subsidiary of Pop Culture Group Co., Ltd., is involved in the acquisition.
What is the name of the company being acquired?
The company being acquired is Yi Caishen (Xiamen) Trading Co., Ltd.
On what date was the Stock Purchase Agreement entered into?
The Stock Purchase Agreement was entered into on May 29, 2024.
What is the principal executive office address of Pop Culture Group Co., Ltd.?
The principal executive office address is 3rd Floor, No. 168 Fengqi Road, Jimei District, Xiamen City, Fujian Province, The People's Republic of China.
Filing Stats: 503 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-06-12 16:05:18
Key Financial Figures
- $0.01 — 00 Class A ordinary shares, par value US$0.01 per share, of the Company with an aggre
- $1,100,000 — the Company with an aggregate value of $1,100,000. The parties agreed to close the transa
Filing Documents
- ea0207751-6k_pop.htm (6-K) — 13KB
- ea020775101ex10-1_pop.htm (EX-10.1) — 175KB
- 0001213900-24-052082.txt ( ) — 189KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Pop Culture Group Co., Ltd Date: June 12, 2024 By: /s/ Zhuoqin Huang Name: Zhuoqin Huang Title: Chief Executive Officer 2