TDH Holdings Sells Stake in Far Ling's Inc.
Ticker: PETZ · Form: 6-K · Filed: Jul 24, 2024 · CIK: 1684425
| Field | Detail |
|---|---|
| Company | Tdh Holdings, Inc. (PETZ) |
| Form Type | 6-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $428,400, $840,000, $150,000, $1.3 million, $91,648.30 |
| Sentiment | neutral |
Sentiment: neutral
Topics: divestiture, subsidiary sale, foreign-private-issuer
TL;DR
TDH Holdings sold its 51% stake in Far Ling's Inc. on June 7th.
AI Summary
On June 7, 2024, TDH Holdings, Inc.'s subsidiary, TDH Income Corporation, sold its 51% equity interest in Far Ling's Inc. The filing does not specify the buyer or the financial terms of this transaction.
Why It Matters
This divestiture indicates a strategic shift for TDH Holdings, potentially impacting its future business focus and financial reporting.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a subsidiary's asset sale without immediate financial implications or significant operational changes.
Key Numbers
- 51% — Equity Interest Sold (Percentage of Far Ling's Inc. sold by TDH Income Corporation)
Key Players & Entities
- TDH Holdings, Inc. (company) — Registrant
- TDH Income Corporation (company) — Wholly-owned subsidiary of TDH Holdings, Inc.
- Far Ling's Inc. (company) — Subsidiary in which TDH Income Corporation sold its equity interest
- June 7, 2024 (date) — Date of the sale agreement
FAQ
What was the financial consideration for the sale of Far Ling's Inc. equity interest?
The filing does not disclose the financial terms or the amount received for the sale of the 51% equity interest in Far Ling's Inc.
Who was the buyer of the 51% equity interest in Far Ling's Inc.?
The filing does not specify the identity of the purchaser of the 51% equity interest in Far Ling's Inc.
What is the business of Far Ling's Inc.?
The filing does not provide details on the specific business operations of Far Ling's Inc.
What is the significance of TDH Income Corporation being a Nevada corporation?
TDH Income Corporation is identified as a Nevada corporation, which is the entity that sold its equity interest in Far Ling's Inc.
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Private Issuer filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of June 2024, disclosing the sale of equity interests.
Filing Stats: 453 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-07-24 16:05:29
Key Financial Figures
- $428,400 — ri Corporation, to Far Ling’s for $428,400 less 51% of the anticipated taxes due u
- $840,000 — a Kansas limited liability company, for $840,000. On June 7, 2024, pursuant to a Stock
- $150,000 — ng Ng Living Trust U.D.T., 7/19/95, for $150,000. In connection with the consummation
- $1.3 million — ndependence, Missouri for approximately $1.3 million that it is leasing for approximately $9
- $91,648.30 — on that it is leasing for approximately $91,648.30 per year. 1 SIGNATURES Pursuant to
Filing Documents
- ea0209903-6k_tdhholdings.htm (6-K) — 18KB
- 0001013762-24-000718.txt ( ) — 19KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TDH HOLDINGS, INC. By: /s/ Dandan Liu Dandan Liu Chair and Chief Executive Officer Dated: July 24, 2024 2