$2.550
-0.059 (-2.30%)At close
HTCO News
HTCO Events
High-Trend International Group's Singapore Subsidiaries Award Extended
High-Trend International Group's Singapore subsidiaries have received a ten-year extension of the Maritime Sector Incentive-Approved International Shipping Enterprise - or MSI-AIS - award, extending the tax exemption period through 2035. The MSI-AIS award was originally granted to the company's Singapore subsidiaries in November 2015 for an initial ten-year period. In November 2025, the award was extended for an additional ten years, commencing on December 1, 2025. Under the MSI-AIS framework, all qualified shipping income derived from the international shipping activities of HTCO's Singapore subsidiaries is exempt from Singapore income tax for the duration of the award period. The company's revenues are 100% generated from exempt shipping income under the MSI-AIS program. The Singapore statutory corporate income tax rate is 17.0%, meaning the exemption represents a meaningful structural advantage for HTCO's cost structure and margins. The extension of HTCO's award reflects the company's continued compliance with the operational and governance standards required under the program, as well as the Singapore authorities' confidence in HTCO's contribution to the maritime sector.
High-Trend International Group Trading Halted, Volatility Trading Paused
High-Trend International Group trading halted, volatility trading pause
High-Trend International Group Trading Halted, Volatility Trading Pause
High-Trend International Group trading halted, volatility trading pause
High-Trend International Shareholders Approve Corporate Governance Reforms
High-Trend International announced that the Company's Class A shareholders approved a series of transformative corporate governance measures at an Extraordinary General Meeting held on May 7, 2026. The approved resolutions include a significant enhancement of voting rights attached to the Company's Class B ordinary shares, a substantial increase in authorized share capital and the authorization of potential future share consolidations. Key Shareholder Approvals: Class A shareholders approved a special resolution to increase the voting rights attached to each Class B ordinary share from twenty votes to one hundred votes on all matters subject to a vote at general meetings of the Company. Class A shareholders approved an expansion of the Company's authorized share capital from $1,250,000 to $5,275,250, increasing the number of authorized Class A ordinary shares from 489,900,000 to 2,000,000,000 and Class B ordinary shares from 10,100,000 to 110,100,000. Shareholders granted the Company's Board of Directors discretionary authority to consolidate the Company's issued and outstanding Class A ordinary shares at any time during a period of up to two years, provided that the accumulative consolidation ratio shall not exceed 1,000:1. The Board of Directors will retain full discretion on whether to implement any such consolidation, as well as the exact ratio and effective date. Shareholders approved the adoption of the Fourth Amended and Restated Memorandum and Articles of Association, which reflect the above changes and additionally established that certain major corporate actions will be subject to the prior written consent of the Majority of the holders Class B ordinary shares.
High-Trend International Group Trading Halted, Volatility Trading Pause
High-Trend International Group trading halted, volatility trading pause
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