JBDI Holdings Ltd

JBDI Holdings, through its subsidiaries, primarily reconditions and recycles containers in Singapore. The company has over 20 years of experience in this industry. Its authorized share capital was initially $500,000, divided into 500,000,000 Ordinary Shares with a par value of $0.001 each. On February 7, 2024, shareholders approved a 1:2 share sub-division (forward stock split), changing the authorized share capital to $500,000, divided into 1,000,000,000 ordinary shares, each with a par value of $0.0005. The company's structure includes several subsidiaries. JBDI, a British Virgin Islands company incorporated on October 10, 2022, is 100% owned by JBDI Holdings and focuses on investment holding. Jurong Barrels, a Singaporean company incorporated on November 17, 1983, is 100% owned by JBDI. JBD Systems, another Singaporean company incorporated on May 4, 2017, is 100% owned by Jurong Barrels. Since 2022, the company has undergone a group reorganization. On October 10, 2022, Arc Development acquired 490 Ordinary Shares of JBDI, representing approximately a 4.9% shareholding interest, from E U Holdings and other initial shareholders for US$800,000. As part of this acquisition, E U Holdings and the initial shareholders committed to transfer the entire issued share capital of Jurong Barrels to JBDI. Following this transfer, E U Holdings owns 5,705 Ordinary Shares.