Big Tree Cloud CEO Loans $600K to Subsidiary
Ticker: DSYWW · Form: 6-K · Filed: May 9, 2025 · CIK: 1999297
| Field | Detail |
|---|---|
| Company | Big Tree Cloud Holdings Ltd (DSYWW) |
| Form Type | 6-K |
| Filed Date | May 9, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: loan, insider-transaction, subsidiary
TL;DR
CEO Wenquan Zhu personally loaned $600K to DSY HK on Dec 20, 2024 to fund operations.
AI Summary
On December 20, 2024, Big Tree Cloud Holdings Limited's Chairman and CEO, Wenquan Zhu, provided a loan of US$600,000 to DSY HK, a wholly-owned subsidiary. This loan is intended to support the operations of DSY HK.
Why It Matters
This loan from the CEO to a subsidiary indicates a commitment to supporting the company's operations and potentially its financial stability.
Risk Assessment
Risk Level: low — The filing is a routine report of a loan from a CEO to a subsidiary, with no immediate negative financial implications disclosed.
Key Numbers
- US$600,000 — Loan Amount (Provided by CEO to subsidiary DSY HK)
Key Players & Entities
- Big Tree Cloud Holdings Limited (company) — Registrant
- Wenquan Zhu (person) — Chairman of the Board of Directors and Chief Executive Officer
- US$600,000 (dollar_amount) — Loan amount
- December 20, 2024 (date) — Date of loan
- Hongkong Ploutos International Limited (company) — Borrower of loan
- DSY HK (company) — Abbreviation for borrower
FAQ
What is the purpose of the US$600,000 loan provided by Wenquan Zhu to DSY HK?
The loan was provided to support the operations of DSY HK.
Who is Wenquan Zhu in relation to Big Tree Cloud Holdings Limited?
Wenquan Zhu is the Chairman of the Board of Directors and Chief Executive Officer of Big Tree Cloud Holdings Limited.
When was the loan from Wenquan Zhu to DSY HK extended?
The loan was extended on December 20, 2024.
Is DSY HK a subsidiary of Big Tree Cloud Holdings Limited?
Yes, DSY HK (Hongkong Ploutos International Limited) is wholly owned by Big Tree Cloud Holdings Limited.
What is the equivalent amount of the loan in RMB?
The US$600,000 loan is equivalent to RMB 4,314,060.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on May 9, 2025 by Wenquan Zhu regarding Big Tree Cloud Holdings Ltd (DSYWW).