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High-Trend International (HTCO) approves $5.0M share repurchase plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

High-Trend International Group has authorized a new share repurchase program allowing it to buy back up to $5.0 million of its Class A ordinary shares, each with a par value of $0.0025 per share. The program runs until August 23, 2027 and gives management flexibility to repurchase stock from time to time through open market purchases or block trades, in line with Rule 10b-18 under the U.S. securities laws.

The company plans to fund any buybacks using existing cash and operating cash flow, and any shares repurchased will be cancelled after being returned to treasury. The authorization does not require the company to repurchase any minimum amount of shares and may be extended, modified, suspended or discontinued at the company’s discretion.

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Insights

High-Trend authorizes flexible $5.0M buyback through 2027.

High-Trend International Group has approved a share repurchase program of up to $5.0 million in Class A ordinary shares, expiring on August 23, 2027. Management may execute repurchases via open market trades or block transactions, in accordance with Rule 10b-18, which governs issuer buybacks to limit market impact and potential manipulation concerns.

The company states it expects to use existing cash and operating cash flow to fund purchases, indicating that no separate financing is referenced in this context. All repurchased shares will be returned to treasury for cancellation, which reduces the share count relative to what it would otherwise have been, assuming purchases occur.

The authorization is explicitly discretionary: the company is not obligated to buy any specific amount and may change, suspend, or end the program at any time. Actual activity and scale will therefore depend on future management decisions, share price levels, corporate liquidity priorities, and market conditions described in the announcement.

 

 

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

 

FAQ

What did High-Trend International Group (HTCO) announce in this 6-K?

The company announced board approval of a share repurchase program authorizing buybacks of up to $5.0 million of its Class A ordinary shares.

How large is High-Trend International Group’s new share buyback program?

The program allows High-Trend International Group to repurchase up to $5.0 million of its Class A ordinary shares, par value $0.0025 per share.

How long will High-Trend International Group’s $5.0 million buyback program last?

The share repurchase program will expire on August 23, 2027, unless it is extended, modified, suspended or discontinued earlier at the company’s discretion.

How will High-Trend International Group fund the share repurchases?

High-Trend International Group expects to fund repurchases using its existing cash and operating cash flow.

What will happen to shares repurchased under High-Trend International Group’s program?

All shares bought under the program will be returned to treasury for cancellation, effectively removing them from circulation.

Is High-Trend International Group required to repurchase the full $5.0 million in shares?

No. The program does not obligate the company to repurchase any particular amount of shares and can be changed or discontinued at any time.

How may High-Trend International Group execute share repurchases under this program?

The company may repurchase shares from time to time through open market purchases or block trades in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.