Trooperstocks
3 months ago
NEWS: Golden Heaven Group Holdings Ltd. Secures Plot in Yangzhou's Yunhe Sanwan Scenic Spot for New Amusement Complex and Extends Strategic Partnership with Dacheng Culture
PR Newswire
Tue, Aug 27, 2024, 8:00 AM EDT
In this article:
GDHG
NANPING, China, Aug. 27, 2024 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. ("Golden Heaven" or the "Company") (Nasdaq: GDHG), an amusement park operator in China, today announced that it was granted the land use rights for an approximately 26,000-square-meter plot (the "Plot") located in Yunhe Sanwan Scenic Spot in Yangzhou, Jiangsu Province, China on August 16, 2024 by Yangzhou Lemandi Tourism Development and Investment Co., Ltd. The Company plans to launch a new recreation and amusement complex at this site, with commercial operations anticipated to begin in October 2024.
Situated within the Yunhe Sanwan Scenic Spot, which is geographically close to the Beijing-Hangzhou Grand Canal, the world's longest man-made waterway, the Plot offers substantial advantages. By securing the land use rights in such a popular tourist attraction of significant historical and cultural importance, as well as a location with high foot traffic, the Company anticipates growth opportunities to be derived from introducing innovative amusement rides to enhance the park's appeal and competitiveness in the market.
This development marks the second collaboration between the Company and Nanping City Dacheng Culture Communication Co., Ltd., ("Dacheng Culture") in co-developing attraction projects. The two parties have signed a one-year collaboration agreement (the "Agreement") valued at RMB1.2 million on August 19, 2024. Under the Agreement, Golden Heaven agrees to lease certain land and property to Dacheng Culture for activities such as wedding photography, traditional costume photography, and various celebratory events. In return, Dacheng Culture agrees to pay to the Company an aggregate lease payment of RMB1.2 million, over the term of the Agreement, which extends from August 19, 2024 to August 18, 2025.
Mr. Jin Xu, CEO and Chairman of the Company, commented, "We are thrilled to have obtained the land use rights for this plot within the Yunhe Sanwan Scenic Spot. Located in a bustling area of Yangzhou with beautiful surroundings and high foot traffic, it is an ideal destination for tourists, families and young couples. Our goal is to create an amusement park that seamlessly integrates entertainment and leisure experiences with a variety of cultural activities."
Mr. Xu added, "The continued partnership with Dacheng Culture is a testament to the win-win alliance between two industry leaders. By synergizing the unique advantages, resources and innovative capabilities of both sides, we will not only enhance the cultural depth and entertainment value of our park but also expand our market influence. We look forward to working with Dacheng Culture to write a new chapter for the cultural tourism and leisure entertainment industry of the city."
About Golden Heaven Group Holdings Ltd.
The Company is an offshore holding company incorporated in the Cayman Islands with no material operations of its own. Through its Chinese operating entities, the Company manages and operates amusement parks, water parks and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. For more information, please visit the Company's website at https://ir.jsyoule.com/.
Forward-Looking Statements
This press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Golden Heaven Group Holdings Ltd.
Email: group@jsyoule.com
Ascent Investor Relations LLC
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
View original content:https://www.prnewswire.com/news-releases/golden-heaven-group-holdings-ltd-secures-plot-in-yangzhous-yunhe-sanwan-scenic-spot-for-new-amusement-complex-and-extends-strategic-partnership-with-dacheng-culture-302230780.html
SOURCE Golden Heaven Group Holdings Ltd.
eyeownu
5 months ago
$GDHG some of youse should be veeery worried.. Activist Hedge Fund Fined for Secret Payments to Researcher
(Bloomberg) -- A sweeping US probe of activist short sellers has yielded its first notable punishment, while offering a rare glimpse into controversial collaborations between bearish researchers and hedge funds that place big bets against companies.
Most Read from Bloomberg
The Securities and Exchange Commission fined affiliated money managers Anson Funds Management and Anson Advisors Inc. a total of $2.25 million on Tuesday, accusing them of hiding payments to an unidentified publisher of bearish research. A hedge fund they oversaw generated more than $4 million in gains in late 2018 by collaborating with the outsider on the negative reports and social media posts, the SEC said.
Anson secretly paid the researcher $1.1 million after their publication in September and October of that year, according to the SEC. The regulator says the payment was made through a third party.
The SEC didn’t identify the researcher, who the agency said publicly criticized Namaste Technologies and India Globalization Capital in September and October of that year. The months and targeted companies line up with bearish postings at the time by famed short-seller Andrew Left’s Citron Research.
Left, who wasn’t accused of wrongdoing by the regulator, declined to comment. Anson didn’t admit or deny the SEC’s allegations in settling.
A wide-ranging US effort to examine relationships between hedge funds and skeptical researchers began rattling the industry three years ago as investigators set out to gather information on dozens of money managers and activists, as well as transactions involving more than 50 stocks. At the time, people with knowledge of the inquiries said authorities were looking for evidence that short sellers were working together to improperly drive down stocks.
Anson was among the lesser-known names said to be facing scrutiny at the time.
The bearish takes on both companies were ultimately borne out, Anson said in a statement shared by Moez Kassam, the firm’s founder and principal. Shares of the companies, which later changed their names, now trade below their prices at the time. Spokespeople for the companies didn’t respond to messages seeking comment after normal business hours.
“Anson’s involvement not only benefited our own investors but also the broader market,” the firm said in the statement. “The SEC made no allegations that Anson ever disseminated any false or misleading information into the market, engaged in inappropriate trading or in any way breached its fiduciary duty to its investors.”
That echoes other defenders of short-seller practices who say they should be celebrated for helping to police markets, rather than vilified for knocking down overpriced stocks.
Still, the SEC faulted Anson for omitting key details in its communications with prospective investors. The agency said the firm should have disclosed that it worked with activist researchers and paid them a share of its profits.
“Anson Funds inaccurately recorded these payments as payments to the third-party intermediary for such research services and in doing so violated the Advisers Act books and records provisions,” the SEC said in an order. “Further, by failing to implement its written policies regarding the accuracy of records, Anson Funds violated the Advisers Act compliance rule.”
(Updates with addition details on payment in third paragraph.)
https://finance.yahoo.com/news/activist-hedge-fund-punished-secret-013001450.html
Most Read from Bloomberg Businessweek
they need to put em behind bars and set an fine example.
surfer44
5 months ago
Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
June 14 2024 - 4:10PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
Commission File Number: 001-41675
GOLDEN HEAVEN GROUP HOLDINGS LTD.
No. 8 Banhouhaichuan Rd
Xiqin Town, Yanping District
Nanping City, Fujian Province, China 353001
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ? Form 40-F ?
Entry Into Material Agreements
On June 9, 2024, Golden Heaven Group Holdings Ltd. (the “Company”) entered into a Strategic Investment Consulting Agreement (the “Investment Consulting Agreement”) with Xiangyun Investment Co., LTD., an investment and strategic consulting company located in Hong Kong (“Xiangyun”), pursuant to which the Company has agreed to (i) entrust Xiangyun to serve as an investment consultant to assist in introducing qualified strategic investors to the Company, (ii) issue to Xiangyun 2,500,000 Class A ordinary shares of the Company (“Class A Ordinary Shares”) as the basic service remuneration by August 31, 2024, and (iii) issue to Xiangyun an additional 2,500,000 Class A Ordinary Shares, if Xiangyun introduces qualified investors to the Company and such investment is completed within one year from the date of the Investment Consulting Agreement.
On June 13, 2024, the Company entered into a Strategic Acquisitions Consulting Agreement (the “Acquisitions Consulting Agreement”) with Lacius Investment Ltd., a strategic business management consulting company located in the Republic of Seychelles (“Lacius”), pursuant to which the Company has agreed to (i) entrust Lacius to serve as a consultant for potential asset acquisition opportunities to assist in identifying suitable target assets in line with the Company’s strategic objectives, and (ii) issue to Lacius 2,500,000 Class A Ordinary Shares as service remuneration by August 31, 2024.
On June 14, 2024, the Company entered into a Business Development & Marketing Consulting Agreement (the “Marketing Consulting Agreement”) with SANSAGE CAPITAL CO., LIMITED (“Sansage”), pursuant to which the Company has agreed to (i) entrust Sansage to serve as a consultant to provide consulting services for the Company’s business development, sales strategies, promotion and marketing planning, etc. in the Southeast Asian market, and (ii) issue to Sansage 2,500,000 Class A Ordinary Shares as service remuneration by August 31, 2024.
The foregoing descriptions of the Investment Consulting Agreement, Acquisitions Consulting Agreement and Marketing Consulting Agreement are not complete and are qualified in their entirety by reference to the texts of such agreements, which are filed as Exhibits 10.1, 10.2 and 10.3 hereto, respectively, and are incorporated herein by reference.
EXHIBIT INDEX
Exhibit No. Description
10.1 Investment Consulting Agreement dated June 9, 2024 between Golden Heaven Group Holdings Ltd. and Xiangyun Investment Co., LTD.
10.2 Acquisitions Consulting Agreement dated June 13, 2024 between Golden Heaven Group Holdings Ltd. and Lacius Investment Ltd.
10.3 Marketing Consulting Agreement dated June 14, 2024 between Golden Heaven Group Holdings Ltd. and SANSAGE CAPITAL CO., LIMITED
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, thereunto duly authorized.
Golden Heaven Group Holdings Ltd.
Date: June 14, 2024 By: /s/ Jin Xu
Name: Jin Xu
Title:
Chief Executive Officer and
Chairman of the Board of Directors
(Principal Executive Officer)
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