Pizu Group Holdings Limited announced a plan to shift its place of incorporation from the Cayman Islands to Hong Kong and simultaneously adopt a new set of articles of association compliant with Hong Kong’s Companies Ordinance (Cap. 622).
The redomicile will be executed through an application to the Hong Kong Companies Registry for re-domiciliation, followed by deregistration in the Cayman Islands after the Hong Kong certificate of re-domiciliation is issued. According to published guidance, registration as a re-domiciled company could be completed in approximately two weeks once all documentation is in order.
Management stated that the move will not alter the company’s underlying assets, operations, management structure, financial position or shareholding proportions. The Hong Kong listing status will remain unchanged, and existing share certificates will continue to serve as valid trading and settlement documents.
Key drivers behind the relocation include Hong Kong’s political and economic stability, effective judicial system, favourable tax regime, absence of foreign-exchange controls and the availability of professional services, all of which are expected to streamline compliance and improve operational efficiency.
Implementation is subject to: 1. Special resolutions at an extraordinary general meeting (EGM) approving the redomicile and the new articles. 2. Compliance with Hong Kong and Cayman Islands legal requirements as well as Hong Kong Stock Exchange listing rules. 3. Receipt of all necessary regulatory approvals, notably the Hong Kong certificate of re-domiciliation.
A circular detailing the proposals and the EGM notice will be dispatched to shareholders in due course. The company emphasised that the redomicile and adoption of new articles may or may not proceed, and advised shareholders and potential investors to exercise caution when dealing in its securities.
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