High-Trend International Group 6-K, filed Aug 28, 2025
High-Trend International Group (HTCO)
About this 6-K
High-Trend International Group filed this 6-K on August 28, 2025.
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 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of August 2025
Commission File Number 001-41573
HIGH-TREND INTERNATIONAL GROUP
(Translation of registrant’s name into English)
60 Paya Lebar Road
#06-17 Paya Lebar Square
Singapore 409051
+ 1 646 749 0591
(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 ☐
EXPLANATORY NOTE
High-Trend International Group (the “Company” or the “Registrant”) today announced the approval of a share repurchase program (“Share Repurchase Program”) by the Company’s board of directors . The Share Repurchase Program authorizes the Company to repurchase up to $5.0 million of the Company’s Class A ordinary shares, par value $0.0025 per share. The Share Repurchase Program will expire on August 23, 2027.
Pursuant to the Share Repurchase Program, the Company may purchase shares from time to time at the discretion of management through open market purchases or block trades, as appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. Share repurchases may be executed through various means in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company expects to utilize its existing cash and operating cash flow to fund repurchases made under this program.
The price which the Company will pay for any such shares will be the prevailing market price at the time of acquisition, subject to certain limitations imposed by applicable securities laws. All shares purchased pursuant to the Share Repurchase Program will be returned to treasury for cancellation.
This Share Repurchase Program does not obligate the Company to acquire any particular amount of Class A ordinary shares, and the Share Repurchase Program may be extended, modified, suspended or discontinued at any time at the Company’s discretion.
Issuance of Press Release
On August 28, 2025, the Company issued a press release regarding the Share Repurchase Program. A copy of the press release is filed as an exhibit to this Form 6-K as Exhibit 99.1
Exhibit Index
| Exhibit | ||
| 99.1 | Press Release dated August 28, 2025 |
1
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.
| Date: August 28, 2025 | HIGH-TREND INTERNATIONAL GROUP | |
| By: | /s/ Shixuan He | |
| Shixuan He | ||
| Chief Executive Officer | ||
| (Principal Executive Officer) | ||
2
Exhibit 99.1
High-Trend International Group Announces $5 Million Share Repurchase Program
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.
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.
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.
“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.
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.
Forward-Looking Statements
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,” “might,” “could,” “will,” “aims,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements.
These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to a number of risks. The reader should not place undue reliance on these forward-looking statements, as there can be no assurances that the plans, initiatives or expectations upon which they are based will occur. A detailed discussion of factors that could cause or contribute to such differences and other risks that affect our business is included in filings we make with the Commission from time to time, including our most recent report on Form 20-F, particularly under the heading “Risk Factors”.
Source:
High-Trend International Group