EQUITY |
6 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Equity [Abstract] | |
| EQUITY | NOTE 13 – EQUITY
Ordinary shares
The Company was incorporated in the Cayman Islands as an exempted company with limited liability on July 29, 2022, with an authorized share capital of US$50,000 divided into shares of US$ each.
On February 22, 2023, additional Shares of US$ were issued and fully paid. The Company allotted shares to Mr. Bun Kwai and share to Lasting Success Holdings Limited. Immediately after the share allotment, the Company had authorized shares, par value of US$, of which were issued and outstanding.
On May 17, 2023, the Company’s shareholders and Board of Directors approved to amend the authorized share capital from US$50,000, divided into Ordinary Shares of a par value of US$ per share, to US$50,000, divided into Ordinary Shares of a par value of US$ per share. At the same day, the shareholders of the Company surrendered Ordinary Shares of US$ par value each to the Company for no consideration. As a result, the Company has authorized shares, par value of US$, of which were issued and outstanding.
On July 22, 2024, the Company consummated the Offering of ordinary shares at a price to the public of $ per share. On August 8, 2024, the Company further issued ordinary shares at a price of $ per share with underwriter partially exercised the over-allotment option. The aggregate gross proceeds from the Offering amounted to $8,825,368, prior to deducting underwriting discounts, commissions and offering-related expenses. Upon the completion of the Offering, Ordinary Shares are issued and outstanding.
The Company only has one single class of Ordinary Shares that are accounted for as permanent equity.
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