Raytech Holding Ltd, a British Virgin Islands-based household appliances manufacturer, announced today the scheduling of its 2024 annual meeting of shareholders. The meeting is set to take place on September 25, 2024, as disclosed in the company's recent filing with the United States Securities and Exchange Commission (SEC).
The company, which is listed under the standard industrial classification code for household appliances, shared the notice of the meeting through an exhibit attached to the Form 6-K filing. Raytech Holding, known for its organizational focus on manufacturing, will be mailing the notice of the meeting to its shareholders.
This announcement is a routine corporate governance matter, providing shareholders with the opportunity to engage with the company's management and vote on important company decisions. The details of the specific agenda items to be discussed or voted upon during the meeting were not disclosed in the filing.
Raytech Holding Limited, operating from its principal executive office in Kowloon Bay, Hong Kong, files its annual reports under Form 20-F, indicating its status as a foreign private issuer in compliance with U.S. SEC regulations.
The filing was signed by Ching Tim Hoi, the Chief Executive Officer of Raytech Holding Limited, confirming the company's adherence to SEC requirements. The information reported is based on statements from the company's official SEC filing.
Investors and interested parties can refer to the company's Form 6-K filing for further details regarding the upcoming annual meeting. The document serves as a current report for foreign private issuers like Raytech Holding Ltd and is part of the company's regular compliance with the SEC's reporting standards.
In other recent news, Future FinTech Group Inc. has encountered a challenging legal situation. The company has been ordered to hand over shares in its subsidiaries to meet a $10.8 million judgment, according to a recent 8-K filing with the Securities and Exchange Commission.
This judgment is the outcome of a lawsuit filed by FT Global Capital, Inc., a placement agent for Future FinTech, alleging breaches of their 2020 exclusive placement agent agreement. In April 2024, the court awarded FT Global over $10 million, including damages, prejudgment interest, and attorney’s fees.
Future FinTech has been actively disputing this judgment and has filed a post-trial motion, which is currently pending. The company has also expressed its intention to appeal to the United States Court of Appeals if necessary. These legal proceedings could significantly impact Future FinTech's financial standing and operational control over its subsidiaries.
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