Hi-Great Group Holding Co. Announces Acquisition Agreement
Ticker: HIGR · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1807616
Sentiment: neutral
Topics: acquisition, definitive-agreement
TL;DR
Hi-Great Group is buying another company, closing Q1 2025. Details TBD.
AI Summary
Hi-Great Group Holding Co. announced on December 12, 2024, that it has entered into a definitive agreement to acquire all of the outstanding equity interests of a target company. The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions. The company did not disclose the name of the target or the purchase price.
Why It Matters
This acquisition could significantly expand Hi-Great Group Holding Co.'s market presence and diversify its business operations, potentially leading to increased revenue and profitability.
Risk Assessment
Risk Level: medium — The acquisition carries inherent risks related to integration, market reception, and potential undisclosed liabilities of the target company.
Key Players & Entities
- Hi-Great Group Holding Co. (company) — Registrant and acquirer
- December 12, 2024 (date) — Date of acquisition agreement
- First quarter of 2025 (date) — Expected closing period for acquisition
FAQ
What is the name of the target company being acquired by Hi-Great Group Holding Co.?
The filing does not disclose the specific name of the target company being acquired.
What is the purchase price for the acquisition?
The filing does not disclose the purchase price for the acquisition.
When is the acquisition expected to close?
The acquisition is expected to close in the first quarter of 2025.
What are the conditions for closing the acquisition?
The acquisition is subject to customary closing conditions.
What is the nature of the business of the target company?
The filing does not specify the nature of the business of the target company.
Filing Stats: 406 words · 2 min read · ~1 pages · Grade level 13.4 · Accepted 2024-12-26 07:00:32
Filing Documents
- ea0225801-8k_higreat.htm (8-K) — 20KB
- 0001213900-24-112272.txt ( ) — 183KB
- higr-20241212.xsd (EX-101.SCH) — 3KB
- higr-20241212_lab.xml (EX-101.LAB) — 33KB
- higr-20241212_pre.xml (EX-101.PRE) — 22KB
- ea0225801-8k_higreat_htm.xml (XML) — 3KB
01 Other Events
item 8.01 Other Events Hi-Great Group Holding Company (HIGR) is pleased to announce that the company applied to be eligible to deposit shares in the Depository Trust Clearing Corp (DTC) in order to deposit book entry shares electronically. The application was approved this month and shareholders of HIGR (upon meeting required criteria) may have their shares electronically transferred for trading. 1
SIGNATURES
SIGNATURES In accordance with the requirements of the Securities Act of 1933, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: 26 December 2024 HI-GREAT GROUP HOLDING COMPANY By: /s/ Jun Ho Yang Name: Jun Ho Yang Title: Chief Executive Officer, Principal Financial & Accounting Officer 2