Primega Group Holdings Enters MOU for Acquisition of China Wangmao Liquor
Acquisition Announcement: Primega Group has signed a memorandum of understanding to acquire China Wangmao Liquor Industry Group through an equity purchase, marking a significant step in its business diversification strategy.
Strengths Integration: The acquisition aims to combine China Wangmao's branding and digital operations with Primega Group's capital and technical expertise to drive growth in the Baijiu industry.
Market Expansion Plans: Post-acquisition, both companies plan to launch new premium product lines and focus on expanding into Southeast Asian and North American markets to enhance the global presence of Chinese sauce-flavor Baijiu.
Operational Enhancements: Primega Group intends to improve China Wangmao's internal operations, supply chain, and production facilities using digital technology, aiming for reduced costs and increased profit margins.
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- Share Capital Changes Approved: DirectBooking's AGM approved an increase in authorized share capital from $50,000 to $250,000, creating 4 billion Class A and 1 billion Class B ordinary shares, aimed at enhancing the company's capital flexibility and governance structure.
- Successful AGM: On December 14, 2025, DirectBooking successfully convened its AGM, with all proposals passed, indicating shareholder support for the company's future strategy, which will aid in advancing its transformation plans.
- Share Consolidation Plan: The company plans to implement a share consolidation within the next year, merging every thousand Class A and B ordinary shares into one share, aimed at increasing per-share value and optimizing shareholder structure to enhance market appeal.
- Technical Amendments Approved: Shareholders also approved technical amendments to the company's articles, ensuring modernization of governance structures post-capital changes, further supporting the company's long-term goal of empowering traditional industries through technology.

- Share Capital Changes Approved: DirectBooking convened its AGM on December 14, 2025, where shareholders approved increasing authorized share capital from $50,000 to $250,000, creating 4 billion Class A and 1 billion Class B shares, aimed at enhancing capital flexibility and governance structure.
- Governance Structure Optimization: Shareholders approved the adoption of the Second Amended and Restated Memorandum and Articles of Association to modernize governance post-share capital changes, enhancing transparency and compliance.
- Share Consolidation Plan: The company plans to implement a share consolidation within one year, merging every thousand Class A and B shares into one, aimed at increasing per-share value and simplifying shareholder structure to enhance market appeal.
- Strategic Development Foundation: The approval of all resolutions lays a crucial foundation for optimizing the company's capital structure, supporting its transformation plans to empower traditional industries through technology and achieve long-term growth objectives.

- Stock Performance: Pheton Holdings closed at a record $30.96 per share, achieving a market capitalization exceeding $200 million.
- Sales and Profitability: The company reported less than half a million dollars in annual sales and has not yet turned a profit.
- IPO Success: Since its initial public offering in September 2024, the stock has surged nearly 700%.
- Lack of News: The significant stock increase occurred despite the absence of any major news or developments related to the company.

Teradata Corp Performance: Teradata Corp's shares rose 14.6% in pre-market trading after reporting third-quarter earnings of 72 cents per share, exceeding the analyst estimate of 54 cents, and raising its FY25 EPS guidance above expectations.
Other Notable Gainers: Several stocks saw significant pre-market gains, including SMX (up 70%), Nuvve Holding (up 41.3%), and Babcock & Wilcox (up 29.1%), driven by positive financial results and strategic announcements.
Major Losers: Biohaven Ltd experienced a sharp decline of 46.2% after receiving an FDA Complete Response Letter, while Trex Company Inc fell 31.9% due to disappointing earnings and lowered sales guidance.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with notable movements in both directions reflecting recent earnings reports and company announcements.
U.S. Stock Market Performance: U.S. stocks rose this morning, with the Dow Jones gaining over 450 points, while the NASDAQ and S&P 500 also saw increases. Materials shares led the gains, while communication services stocks experienced a slight decline.
Consumer Price Index Update: In August 2025, the Consumer Price Index (CPI) rose 2.9% year-over-year, matching expectations but marking the highest level since January. Monthly inflation accelerated to 0.4%, exceeding forecasts, while core CPI remained steady at 3.1%.

Company Name Change: Primega Group Holdings Limited has received approval to change its English name to "DirectBooking Technology Co., Ltd." and adopt the Chinese name "直订科技有限公司," pending the Registrar of Companies in the Cayman Islands' approval.
Strategic Focus: The name change aligns with the company's goals of enhancing brand identity and promoting technological innovation in traditional industries, particularly in hospitality and retail, while aiming to create a digital ecosystem for the liquor industry.






