STOCK TITAN

Happy City (NASDAQ: HCHL) uses $2.6M in stock for catering expansion

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Happy City Holdings Limited (HCHL) agreed to acquire 100% of Wing Shing International Consultancy Limited, a Hong Kong catering management services provider, via a share purchase agreement signed on August 14, 2026. As consideration, HCHL will issue 1,312,487 Class A Ordinary Shares at US$1.98 per share, for total share-based consideration of US$2,598,726.

After completion, these new shares will represent approximately 6.9% of HCHL’s enlarged issued Class A Ordinary Shares. The consideration shares will be issued in a private, unregistered offering relying on Section 4(a)(2) of the Securities Act and Regulation D. Wing Shing operates subcontracted canteens and restaurants and provides full-service food and beverage operations for private events, corporate offices, and institutional venues. HCHL states that it believes this acquisition will expand its business model into B2B, corporate, and institutional food service markets and diversify revenue streams.

Positive

  • None.

Negative

  • None.
Consideration Shares 1,312,487 Class A Ordinary Shares Aggregate number of HCHL shares to be issued as consideration for Wing Shing
Issue Price per Share US$1.98 per Class A Ordinary Share Agreed issue price for the consideration shares
Aggregate Consideration US$2,598,726 Total equity consideration for the acquisition of Wing Shing
Post-deal Ownership Impact 6.9% Portion of enlarged issued Class A Ordinary Shares represented by the consideration shares upon completion
Securities Act Exemption Section 4(a)(2) and Regulation D Exemptions relied upon for issuing the unregistered consideration shares
Agreement Date August 14, 2026 Date of the share purchase agreement for the acquisition of Wing Shing
share purchase agreement financial
"entered into a share purchase agreement (the “Agreement”) with the shareholders"
A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.
Class A Ordinary Shares financial
"issue an aggregate of 1,312,487 Class A Ordinary Shares (the “Consideration Shares”)"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
Section 4(a)(2) regulatory
"issued in reliance on the exemptions from registration provided by Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
Regulation D regulatory
"exemptions from registration provided by Section 4(a)(2) under the Securities Act and Regulation D"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
forward-looking statements regulatory
"This report on Form 6-K contains forward-looking statements within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What acquisition did Happy City Holdings Limited (HCHL) announce in this Form 6-K?

Happy City Holdings Limited announced an agreement to acquire 100% of Wing Shing International Consultancy Limited, a Hong Kong-based catering management services provider. Wing Shing operates subcontracted canteens and restaurants and manages food and beverage operations for private events, corporate offices, and institutional venues.

How is Happy City Holdings Limited (HCHL) paying for the Wing Shing acquisition and what is the value?

HCHL will pay for the acquisition by issuing 1,312,487 Class A Ordinary Shares at an issue price of US$1.98 per share. This represents total share consideration of US$2,598,726, all in equity rather than cash, to the selling shareholders of Wing Shing.

What percentage of Happy City Holdings Limited’s share capital will the consideration shares represent?

Upon completion of the acquisition, the newly issued consideration shares will represent approximately 6.9% of Happy City Holdings Limited’s enlarged issued Class A Ordinary Shares. This percentage reflects the company’s capital structure after including the 1,312,487 new shares issued to the vendors.

Are the new Happy City Holdings Limited (HCHL) shares for the Wing Shing deal registered under the U.S. Securities Act?

The consideration shares are not being registered under the Securities Act of 1933 or state securities laws. HCHL states that the shares will be issued in reliance on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation D.

What strategic rationale does Happy City Holdings Limited (HCHL) give for acquiring Wing Shing?

HCHL states that it believes the acquisition offers a strategic opportunity to expand beyond traditional dine-in restaurant operations into B2B, corporate, and institutional food service markets. The company expects to diversify revenue, capture recurring catering contracts, and leverage operational synergies across its supply chain.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 August 2026

 

Commission File Number: 001-42712

 

HAPPY CITY HOLDINGS LIMITED

(Translation of registrant’s name into English)

 

30 Cecil Street

#19-08 Prudential Tower

Singapore

(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 a Material Definitive Agreement

 

On August 14, 2026, Happy City Holdings Limited (the “Company”) entered into a share purchase agreement (the “Agreement”) with the shareholders (collectively, the “Vendors”) of Wing Shing International Consultancy Limited, a company incorporated under the laws of Hong Kong (the “Target” or ” Wing Shing”). Pursuant to the Agreement, the Company agreed to purchase, and the Vendors agreed to sell, the entire issued share capital of the Target (the “Sale Shares”).

 

In consideration for the Sale Shares, the Company will issue an aggregate of 1,312,487 Class A Ordinary Shares (the “Consideration Shares”) at an issue price of US$1.98 per Class A Ordinary Share, representing an aggregate consideration of US$2,598,726 (the “Acquisition”). Upon completion of the Acquisition, the Consideration Shares will represent approximately 6.9% of the Company’s enlarged issued Class A Ordinary Shares.

 

Wing Shing is a catering management services provider, which operates various subcontracted canteens and restaurants, and provides the end-to-end planning, preparation, and execution of food and beverage operations for private events, corporate offices, and institutional venues to its customers. The Company believes the Acquisition represents a strategic opportunity to expands its business model beyond traditional dine-in restaurant operations into B2B, corporate, and institutional food service markets. By integrating an established catering management platform, the Company expects to diversify its revenue streams, capture recurring commercial and corporate catering contracts, and leverage significant operational synergies across its supply chain and logistics networks.

 

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual agreement, a copy of which is filed as Exhibit 10.1 hereto.

 

Unregistered Sales of Equity Securities.

 

The information contained under “Entry into a Material Definitive Agreement “of this Report on Form 6-K in relation to the Consideration Shares is incorporated herein by reference.

 

The Consideration Shares are not being registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws. The Consideration Shares will be issued in reliance on the exemptions from registration provided by Section 4(a)(2) under the Securities Act and Regulation D promulgated thereunder.

 

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Forward-Looking Statements

 

This report on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, statements regarding the ability to successfully execute on the plans and undertakings contemplated in the agreements discussed in this report.

 

Additional forward-looking statements can be 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 these factors and other risks that affect our business is included in filings we make with the SEC from time to time. Copies of these filings are available online from the SEC at www.sec.gov. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

 

Exhibit Index

 

Exhibit No.   Description
10.1   Share Purchase Agreement, dated August 14, 2026

 

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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 17, 2026 Happy City Holdings Limited
     
  By: /s/ Suk Yee, Kwan
  Name:  Suk Yee, Kwan
  Title: Chief Executive Officer and Director

 

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Filing Exhibits & Attachments

1 document