Happy City Holdings Ltd — Form SCHEDULE 13D/A
Filed September 28, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 92/100
What the filing says
Sky Way Innovation Holdings Limited lent Happy City Group Limited USD $1,000,000 on 17 April 2026, at 2.9% monthly interest (34.8% p.a.), due 17 October 2026, secured by 12,000,000 Class B ordinary shares of Happy City Holdings Limited. On 10 September 2026, the borrower defaulted on principal and accrued interest of USD $139,200. The lender immediately enforced its security and began selling the pledged shares without further notice or consent.
Why this rating
Loan equals 12.5% of company's $8M asset base; loss of 12M Class B shares is forced dilution; default indicates severe liquidity distress and loss of control.
Price action (we called it negative)
at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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