Business
High-Trend International Group Announces $5 Million Share Repurchase Program
High-Trend International Group (the "Registrant" or the "Company") (NASDAQ: HTCO), a global ocean technology company announced today announced that its board of directors has formally approved a new share repurchase program (the "Share Repurchase Program"). Under this program, the Company is authorized to repurchase up to $5.0 million of its Class A ordinary shares, each with a par value of $0.0025. The Share Repurchase Program is set to expire on August 23, 2027.
About this update from High-trend International Group
[{"type":"text","content":"SINGAPORE, Aug. 28, 2025 /PRNewswire/ -- High-Trend International Group (the "Registrant" or the "Company") (NASDAQ: HTCO), a global ocean technology company announced today announced that its board of directors has formally approved a new share repurchase program (the "Share Repurchase Program"). Under this program, the Company is authorized to repurchase up to $5.0 million of its Class A ordinary shares, each with a par value of $0.0025. The Share Repurchase Program is set to expire on August 23, 2027.","length":549,"tagName":"p"},{"type":"text","content":"Under the program, company may repurchase shares from time to time through open market purchases, block trades, or other means, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The actual timing, volume, and execution of repurchases will be at the discretion of management and will depend on factors such as share price, market conditions, regulatory requirements, and the Company's capital position and liquidity needs.","length":463,"tagName":"p"},{"type":"text","content":"Repurchases under the program are expected to be funded using the Company's existing cash and future operating cash flows. All shares repurchased will be returned to treasury and cancelled.","length":193,"tagName":"p"},{"type":"text","content":""This $5 million share repurchase program underscores our confidence in the Company and we are all focused on driving the long term values for our shareholders." said Mr. Shixuan He, Chief Executive Officer of High-Trend International Group.","length":256,"tagName":"p"},{"type":"text","content":"The Share Repurchase Program does not obligate the Company to acquire any particular number of shares and may be adjusted or terminated at any time depending on market conditions and other corporate considerations.","length":214,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"This current report on Form 6-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The forward-looking statements can be also identified by terminology such as "may," "...