Quhuo Limited Acquires Shares in HK Subsidiary
Ticker: QH · Form: 6-K · Filed: Jul 2, 2024 · CIK: 1781193
| Field | Detail |
|---|---|
| Company | Quhuo Ltd (QH) |
| Form Type | 6-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $94 million, $8,892,400, $8,920,600, $9,635,000, $9,306,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, subsidiary, equity
TL;DR
QUHUO buying out minority shareholders in HK subsidiary. Details light.
AI Summary
On July 1, 2024, Quhuo Limited entered into equity acquisition agreements to purchase shares from minority shareholders of its subsidiary, Quhuo International Trade (HK) Limited. The specific dollar amounts and percentage of shares acquired were not disclosed in this filing.
Why It Matters
This move indicates Quhuo Limited's strategy to consolidate ownership of its international trade arm, potentially simplifying operations and financial reporting.
Risk Assessment
Risk Level: low — The filing reports a standard corporate action (share acquisition) without immediate financial distress or significant operational changes.
Key Players & Entities
- Quhuo Limited (company) — Registrant and acquirer
- Quhuo International Trade (HK) Limited (company) — Subsidiary being acquired shares in
- July 1, 2024 (date) — Date of acquisition agreements
FAQ
What percentage of Quhuo International Trade (HK) Limited's shares did Quhuo Limited acquire?
The filing does not specify the exact percentage of shares acquired from the Selling Shareholders.
What was the total dollar amount of the equity acquisition?
The filing does not disclose the specific dollar amounts involved in the equity acquisition agreements.
Who are the 'Selling Shareholders' mentioned in the filing?
The Selling Shareholders are identified as certain minority shareholders of Quhuo International Trade (HK) Limited.
What is the primary business of Quhuo International Trade (HK) Limited?
Quhuo International Trade (HK) Limited is a company incorporated under the laws of Hong Kong, and its specific business activities are not detailed in this filing beyond its role as a subsidiary.
When were the equity acquisition agreements entered into?
The equity acquisition agreements were entered into on July 1, 2024.
Filing Stats: 1,476 words · 6 min read · ~5 pages · Grade level 17 · Accepted 2024-07-02 16:00:22
Key Financial Figures
- $94 million — quity value of Quhuo International of US$94 million. The Company has engaged an independent
- $8,892,400 — d by LIDA at a total consideration of US$8,892,400, which shall be paid by the Company by
- $8,920,600 — by Longx at a total consideration of US$8,920,600, which shall be paid by the Company by
- $9,635,000 — Highland at a total consideration of US$9,635,000, which shall be paid by the Company by
- $9,306,000 — by Genan at a total consideration of US$9,306,000, which shall be paid by the Company by
- $0.0001 — uo;s Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary
- $0.035096 — ately prior to the Effective Date, is US$0.035096 per Class A Ordinary Share. The Convert
Filing Documents
- tm2418627d1_6k.htm (6-K) — 23KB
- tm2418627d1_ex10-1.htm (EX-10.1) — 75KB
- tm2418627d1_ex10-2.htm (EX-10.2) — 83KB
- tm2418627d1_ex10-3.htm (EX-10.3) — 63KB
- 0001104659-24-077320.txt ( ) — 246KB
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 hereunto duly authorized. Quhuo Limited Date: July 2, 2024 By: /s/ Leslie Yu Name: Leslie Yu Title: Chairman and Chief Executive Officer EXHIBIT INDEX Exhibit Number Description 10.1 Acquisition Agreement by and among Quhuo Limited, Quhuo International Trade (HK) Limited and LIDA GLOBAL LIMITED dated July 1, 2024 10.2 Acquisition Agreement by and among Quhuo Limited, Quhuo International Trade (HK) Limited, Longx Tech Limited, Highland Vision Holding LTD and Genan Tech Limited dated July 1, 2024 10.3 Form of Senior Convertible Promissory Note