Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
October 19 2022 - 1:25PM
Edgar (US Regulatory)
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 October 2022
Commission
File Number: 001- 39258
METEN
HOLDING GROUP LTD.
(Translation
of registrant’s name into English)
3rd
Floor, Tower A
Tagen
Knowledge & Innovation Center
2nd
Shenyun West Road, Nanshan District
Shenzhen,
Guangdong Province 518000
People’s
Republic of China
(Address
of principal executive offices)
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 ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
As
previously disclosed in its current report on Form 6-K dated December 22, 2021, Meten Holding Group Ltd. (the “Company”)
entered into a joint venture agreement (the “Joint Venture Agreement”) with four individuals, pursuant to which all parties
agreed to form a joint venture for the purpose of engaging in the business of researching, developing, manufacturing and selling cryptocurrency
mining machines (the “Joint Venture”). The Company held 21% of the equity interests in the Joint Venture, with the option
to acquire the equity interests held by the other parties to the Joint Venture Agreement under certain conditions as set forth in the
Joint Venture Agreement.
Currently,
the Company proposes to enter into an equity transfer agreement with each of the four other equity holders of the Joint Venture. Based
on the terms of the draft of equity transfer agreement, a copy of which is attached hereto as exhibit 10.1, the Company proposes to acquire
a total of 3.3% of the equity interests in the Joint Venture from the four equity holders, in consideration for such number of ordinary
shares of the Company, par value $0.003 per share (the “ordinary shares”), valued at RMB7,120,478 (the “Total Consideration”).
According to the draft of equity transfer agreement, the number of ordinary shares to be issued to the four equity holders shall be equal
to the Total Consideration divided by the average trading price of the ordinary shares 20 trading days prior to the closing date of the
transaction contemplated by the agreement. The draft of equity transfer agreement is currently under review by the Company’s board
of directors, and the Company expects to enter into the equity transfer agreement and closes the transaction by November 4, 2022.
Cautionary
Note Regarding Forward-Looking Statements
Any statements in this report on Form 6-K about the Company’s future expectations, plans and prospects, as well as any other statements
regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties and actual results may differ materially
from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements about
the proposed entry into the equity transfer agreement, and other statements containing the words “believes,” “anticipates,”
“plans,” “expects,” and similar expressions. Risks that contribute to the uncertain nature of the forward-looking
statements include: uncertainties regarding the Company’s ability to maintain its listing on the Nasdaq Capital Market; uncertainties
regarding the scope, timing and severity of the COVID-19 pandemic; as well as other risks and uncertainties set forth in the Company’s
Annual Report on Form 20-F for the fiscal year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission and in subsequent
filings with the U.S. Securities and Exchange Commission. All forward-looking statements contained in this report on Form 6-K speak only
as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether because
of new information, future events or otherwise.
EXHIBIT
INDEX
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:
October 19, 2022
|
Meten Holding Group Ltd. |
|
|
|
|
By: |
/s/ Siguang
Peng |
|
Name: |
Siguang Peng |
|
Title: |
Chief Executive Officer |
2
BTC Digital (NASDAQ:METX)
Historical Stock Chart
From Jun 2024 to Jul 2024
BTC Digital (NASDAQ:METX)
Historical Stock Chart
From Jul 2023 to Jul 2024