Company: GVH
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001213900-25-058674
Chunk: 82

Company: Globavend Holdings Ltd
Filing Date: 2025-06-27
Form: 424B4
Chunk 82
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man Islands court) upon dissenting to the merger or
consolidation, provided the dissenting shareholder complies strictly with the procedures set out in the Companies Act. The exercise of
dissenter rights will preclude the exercise by the dissenting shareholder of any other rights to which he or she might otherwise be entitled
by virtue of holding shares, save for the right to seek relief on the grounds that the merger or consolidation is void or unlawful.

Separate from the statutory
provisions relating to mergers and consolidations, the Companies Act also contains statutory provisions that facilitate the reconstruction
and amalgamation of companies by way of schemes of arrangement, provided that the arrangement is approved by in the case of a scheme of
arrangement with members or class of members, seventy-five percent in value of the members or class of members, as the case may be, with
whom the arrangement is to be made and in the case of a scheme of arrangement with creditors, a majority in number of the class of creditors
or class of creditors, as the case may be, with whom the arrangement is to be made, and who must in addition represent seventy-five percent
in value of the creditors or each such class of creditors, as the case may be, that are present and voting either in person or by proxy
at a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must be sanctioned
by the Grand Court of the Cayman Islands. While a dissenting shareholder has the right to express to the court the view that the transaction
ought not to be approved, the court can be expected to approve the arrangement if it determines that:

| ● | the statutory provisions as to the required majority vote 
 have been met;                                            |

| ● | the shareholders have been fairly represented at the meeting                                                                          
 in question and the statutory majority are acting bona fide without coercion of the minority to promote interests adverse to those of 
 the class;                                                                                                                            |

| ● | the arrangement is such that may be reasonably approved by                         
 an intelligent and honest man of that class acting in respect of his interest; and |

| ● | the arrangement is not one that would more properly be sanctioned 
 under some other provision of the Companies Act.                  |

The Companies Act also contains
a statutory power of compulsory acquisition which may facilitate the “squeeze out” of a dissentient minority shareholder upon
a tender offer. When a tender offer is made and accepted by holders of 90% of the shares affected