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QMMM Holdings Limited (OTCMKTS:QMMM), a Hong Kong-based advertising agency with a market capitalization of $9.3 million, announced today that it will hold its annual meeting of shareholders on March 13, 2025. The company, listed under the Securities Exchange Act of 1934 with file number 001-42183, is set to discuss various corporate matters with its shareholders. According to InvestingPro data, the company’s stock has declined nearly 22% over the past six months, making this meeting particularly significant for investors.
The meeting will take place at the company’s principal executive offices, located at Unit 1301, Block C, Sea View Estate, 8 Watson Road Tin Hau, Hong Kong. Shareholders will receive a proxy statement and a form of proxy card, which are essential for the voting process during the annual meeting.
The proxy statement, dated March 13, 2025, includes detailed information regarding the agenda of the meeting, as well as the issues that will be put to vote. Shareholders are encouraged to review these materials to fully understand the matters at hand and exercise their voting rights accordingly. InvestingPro analysis indicates that QMMM currently trades below its Fair Value, with a concerning financial health score rated as ’WEAK’ - insights that could be particularly relevant for voting decisions.
QMMM Holdings Limited operates under the standard industrial classification of advertising agencies and is incorporated in the Cayman Islands. The company has been assigned a central index key (CIK) number of 0001971542. It follows the fiscal year calendar ending on September 30.
The company has confirmed that it files annual reports under the cover of Form 20-F, which is used by foreign private issuers to provide financial information to the Securities and Exchange Commission (SEC). This form is a comprehensive statement of a company’s financial performance, similar to the 10-K filed by domestic companies in the United States. Recent financial data shows annual revenue of $13.19 million with a gross profit margin of 24.15%, highlighting the challenging operating environment the company faces.
The announcement of the annual meeting is based on the latest 6-K form filed with the SEC, which serves as a report for foreign private issuers. The form 6-K provides current information to the public about events that are of significance to shareholders. It is used by foreign companies to ensure they meet U.S. disclosure requirements.
Investors and interested parties can refer to the company’s SEC filings for more detailed information. The filings serve as a reliable source of corporate information, ensuring transparency in the company’s operations and compliance with regulatory requirements.
In other recent news, Alset Inc. has announced a registered direct offering valued at approximately $1.5 million. The offering involves the sale of common stock and pre-funded warrants, priced at $1.00 per share and $0.999 per warrant, respectively, with the transaction expected to close on January 3, 2025. Proceeds from this offering are designated for general corporate purposes and working capital, with Aegis Capital Corp. serving as the exclusive placement agent. Additionally, Alset Inc. has expanded its investment in DSS, Inc. by acquiring 820,597 newly issued shares for a total of $800,000. This transaction increases Alset’s position as the largest shareholder in DSS, highlighting a strategic alignment facilitated by shared leadership. Heng Fai Chan, Chairman and CEO of Alset, also serves as Executive Chairman of DSS. These developments are part of Alset’s broader strategy to consolidate its investments and enhance shareholder value through strategic partnerships.
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