F-1/A: New Century Logistics Files Amendment No. 9 to Form F-1 Registration Statement
Registration Statement Amendment
New Century Logistics (BVI) Limited files Amendment No. 9 to its Form F-1 registration statement, primarily to include an updated exhibit and revised versions of the cover page and Part II.
Summary
- New Century Logistics (BVI) Limited has filed Amendment No. 9 to its Form F-1 registration statement with the SEC.
- The primary purpose of this amendment is to file Exhibit 23.1, which is the consent of ZH CPA, LLC, the independent registered public accounting firm.
- The amendment also includes revised versions of the cover page and Part II of the registration statement.
- No changes have been made to the prospectus included in the original registration statement.
- The document details indemnification of directors and officers, exhibits, financial statement schedules, and undertakings.
- It also includes consents from various legal and accounting firms.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating progress in the company's plans for a public offering. The sentiment is neutral to slightly positive as it reflects forward movement.
Positives
- The company is moving forward with its registration statement by filing necessary amendments.
- Consents from key advisors and auditors are included, indicating compliance and due diligence.
Risks
- Indemnification for liabilities arising under the Securities Act may be unenforceable, as per the SEC's opinion.
- The company is subject to legal and regulatory risks associated with operating in the British Virgin Islands and Hong Kong.
Future Outlook
The registration statement is expected to become effective promptly after the effective date of this registration statement.
Industry Context
This filing is a standard step for companies seeking to raise capital through public offerings, ensuring compliance with securities regulations.
Stakeholder Impact
- Shareholders will be impacted by the potential dilution from the offering.
- The company's ability to raise capital could impact its future growth and operations.
Next Steps
- The registration statement will need to be declared effective by the SEC.
- The company will then proceed with the proposed sale of securities to the public.
Key Dates
| Date | Description |
|---|---|
| April 24, 2019 | Date of Memorandum and Articles of Association |
| October 16, 2019 | Date of Master Agreement between the Company and Well King |
| January 18, 2018 | Date of Loan Agreement with Bank of Communications (Hong Kong) Limited |
| March 18, 2019 | Date of Loan Agreement with Bank of Communications (Hong Kong) Limited |
| April 9, 2020 | Date of Loan Agreement with Bank of Communications (Hong Kong) Limited |
| June 3, 2020 | Date of Loan Agreement with Bank of Communications (Hong Kong) Limited |
| June 22, 2021 | Date of Tenancy Agreement between True Concent Development Limited and New Century Logistics Company Limited |
| December 22, 2022 | Date of Loan and Sale Purchase Agreement between NCL Logistics and AISE |
| March 6, 2023 | Date of Licensing Agreement between NCL (HK) and Well King Transportation Limited |
| October 10, 2023 | Date of power of attorney signed by each individual and previously filed with this Registration Statement |
| April 15, 2024 | Date of ZH CPA, LLC's audit report. |
| October 31, 2024 | Date of Amendment No. 9 filing. |
Keywords
Registration Statement, Form F-1, Amendment, Logistics, Securities Act, Indemnification, Exhibits, Consent, ZH CPA, New Century Logistics
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