Neo-Concept Buys Assets from Related Party
Ticker: NCI · Form: 6-K · Filed: May 29, 2024 · CIK: 1916331
Sentiment: neutral
Topics: related-party-transaction, asset-purchase, corporate-governance
TL;DR
Neo-Concept buying assets from a company controlled by its main shareholder. Watch for related-party transaction disclosures.
AI Summary
On May 29, 2024, Neo-Concept International Group Holdings Ltd entered into an asset purchase agreement with Neo-Concept (Holdings) Company Limited, a company under common control of its controlling shareholder, Ms. Eva Yuk Yin Siu. This transaction involves the acquisition of certain assets.
Why It Matters
This transaction involves a related party, which could have implications for corporate governance and financial reporting transparency.
Risk Assessment
Risk Level: medium — Related-party transactions require careful scrutiny due to potential conflicts of interest and valuation concerns.
Key Players & Entities
- Neo-Concept International Group Holdings Ltd (company) — Registrant
- Neo-Concept (Holdings) Company Limited (company) — Seller in asset purchase agreement
- Ms. Eva Yuk Yin Siu (person) — Controlling shareholder of Neo-Concept International Group Holdings Ltd and common controller of Neo-Concept (Holdings) Company Limited
- May 29, 2024 (date) — Date of asset purchase agreement
FAQ
What specific assets were acquired in the agreement?
The filing states an 'asset purchase agreement' was entered into, but does not specify the exact assets being purchased.
What is the total value of the assets being purchased?
The filing does not disclose the purchase price or the valuation of the assets involved in the transaction.
What is the relationship between Neo-Concept International Group Holdings Ltd and Neo-Concept (Holdings) Company Limited?
Neo-Concept (Holdings) Company Limited is under common control of Ms. Eva Yuk Yin Siu, who is also the controlling shareholder of Neo-Concept International Group Holdings Ltd.
Has the company filed a Form 20-F or Form 40-F?
The company indicates it files annual reports under Form 20-F.
What is the principal executive office address of the company?
The principal executive offices are located at 10/F, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong.
Filing Stats: 389 words · 2 min read · ~1 pages · Grade level 12.7 · Accepted 2024-05-29 09:03:46
Key Financial Figures
- $1,978,308 — ept (Holdings) for a consideration of US$1,978,308. Certain R&D employees of Neo-Concept (
Filing Documents
- ea0207016-6k_neoconcept.htm (6-K) — 20KB
- ea020701601ex99-1_neocon.htm (EX-99.1) — 233KB
- ea020701601ex99-2_neocon.htm (EX-99.2) — 8KB
- ex99-1_001.jpg (GRAPHIC) — 37KB
- ex99-1_002.jpg (GRAPHIC) — 65KB
- ex99-1_003.jpg (GRAPHIC) — 31KB
- ex99-1_004.jpg (GRAPHIC) — 82KB
- ex99-1_005.jpg (GRAPHIC) — 22KB
- ex99-1_006.jpg (GRAPHIC) — 22KB
- 0001213900-24-047271.txt ( ) — 619KB
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. Neo-Concept International Group Holdings Ltd Date: May 29, 2024 By: /s/ Eva Yuk Yin Siu Name: Eva Yuk Yin Siu Title: Chief Executive Officer, Chairlady of the Board and Director 2