STOCK TITAN

PS International Group Ltd. (PSIG) large 16,712,000-share transfer disclosed

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

Rhea-AI Filing Summary

PS International Group Ltd. reports that certain existing shareholders have entered into a definitive share purchase agreement to transfer an aggregate 16,712,000 ordinary shares to Great Rank Limited, a British Virgin Islands company. The company was not a party to this agreement and did not receive any proceeds from the transaction, as it represents a transfer between selling shareholders and the purchaser. The board states, after due inquiry, that it does not currently anticipate this share transfer will have a material adverse impact on the company’s business operations or financial position, and confirms that operations continue in the ordinary course.

Positive

  • None.

Negative

  • None.

Insights

Large secondary share transfer with no proceeds to PS International and no expected operational impact.

PS International Group Ltd. discloses that selling shareholders agreed to transfer 16,712,000 ordinary shares to Great Rank Limited. This is a shareholder-to-shareholder transaction, so it does not involve new share issuance or capital raising by the company itself.

The filing specifies that the company was not a party to the share purchase agreement and received no proceeds, indicating no direct balance sheet effect. The board, after due inquiry, states it does not currently anticipate a material adverse impact on business operations or financial position, and that operations continue in the ordinary course.

The parties involved intend to make any required filings under Section 13(d) of the Exchange Act, which may later clarify post-transaction ownership levels. Actual implications for control or governance will depend on disclosed ownership details in those subsequent filings.

 

 

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 September 2025

 

Commission File Number: 001-42182

 

PS International Group Ltd.

 

Unit 1002, 10/F
Join-in Hang Sing Centre
No.2-16 Kwai Fung Crescent, Kwai Chung
New Territories, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  

 

Form 20-F  ☒          Form 40-F  ☐

 

 

 

 

 

 

The board of directors (the “Board”) of PS International Group Ltd. (the “Company”) has been notified by certain shareholders (the “Selling Shareholders”) of the Company that the Selling Shareholders entered into a definitive share purchase agreement (the “Share Purchase Agreement”) on August 26, 2025, pursuant to which the Selling Shareholders agreed to transfer in aggregate 16,712,000 ordinary shares of the Company to Great Rank Limited (the “Purchaser”), a company with limited liability incorporated under the laws of the British Virgin Islands. The Company was not a party to the Share Purchase Agreement and did not receive any proceeds from the transaction. The Company understands that the Selling Shareholders and the Purchaser will make such filings as may be required under Section 13(d) of the Securities Exchange Act of 1934, as amended. After due inquiry, the Board has considered the matter and does not currently anticipate that this transfer of shares will have a material adverse impact on the business operations or financial position of the Company and the Company's business operations continue in the ordinary course.

 

1

 

 

Signature

 

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.

 

  PS International Group Ltd.
   
  By: /s/ Yee Kit Chan
  Name:  Yee Kit Chan
  Title: Director and Chairman of the Board

 

Date: September 3, 2025

 

 

2

 

FAQ

What did PS International Group Ltd. (PSIG) disclose in this 6-K?

The company disclosed that certain selling shareholders entered into a definitive agreement to transfer 16,712,000 ordinary shares to Great Rank Limited, a British Virgin Islands company.

Does PS International Group Ltd. receive any proceeds from the 16,712,000-share transfer?

No. The company states it was not a party to the share purchase agreement and did not receive any proceeds, as the transaction is between existing shareholders and Great Rank Limited.

How does PS International Group Ltd.’s board view the impact of this share transfer?

After due inquiry, the board does not currently anticipate that the transfer of 16,712,000 ordinary shares will have a material adverse impact on the company’s business operations or financial position.

Will the share transfer change PS International Group Ltd.’s day-to-day business?

The company states that its business operations continue in the ordinary course, indicating no expected disruption from the share transfer.

Who is the purchaser of the PS International Group Ltd. shares?

The purchaser is Great Rank Limited, a company with limited liability incorporated under the laws of the British Virgin Islands.

Are there any planned regulatory filings related to this PS International Group Ltd. share transfer?

The company understands that the selling shareholders and Great Rank Limited will make any filings required under Section 13(d) of the Securities Exchange Act of 1934, as amended.
PS International

NASDAQ:PSIG

PSIG Rankings

PSIG Latest News

PSIG Latest SEC Filings

PSIG Stock Data

55.53M
8.06M
17.32%
0.4%
0.51%
Integrated Freight & Logistics
Industrials
Link
Hong Kong
Kwai Chung