InvestmentMay 27, 2026, 04:37 PM
Mint Inc Ltd Issues $637,755 in Class B Shares to Deep Vision
AI Summary
Mint Inc Ltd issued 211,879 Class B Ordinary Shares to Deep Vision Enterprise Limited for US$637,755.10 in a private placement on May 26, 2026. The purchase price of US$3.01 per share was determined by the market price of Class A shares on Nasdaq. Deep Vision is a principal shareholder wholly owned by CEO Hoi Lung Chan, making this a related party transaction that the Board and audit committee approved as fair and in the company's best interests.
Key Highlights
- Mint Inc Ltd issued 211,879 Class B Ordinary Shares.
- The total subscription amount was HK$5,000,000, equivalent to US$637,755.10.
- Shares were issued to Deep Vision Enterprise Limited, a principal shareholder.
- Deep Vision is wholly owned by Mr. Hoi Lung Chan, the CEO and Chairman.
- The purchase price was US$3.01 per Class B Ordinary Share, based on Nasdaq market price.
- Class B shares carry 20 votes each and are convertible into Class A shares.
- The transaction was a private placement exempt under Regulation S.
Price Impact
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