Globavend Holdings Ltd (NASDAQ:GVH) spiked 36.89% in after-hours trading on Thursday, climbing to $1.41.
According to Benzinga Pro data, GVH closed the regular session at $1.03, up 4.67%.
Though no immediate reason has been identified for the stock move, investors may still be reacting to five Securities and Exchange Commission insider disclosure filings submitted last week.
CEO Holds Near-Total Voting Control
The most significant filing came from CEO and Director Yau Wai Yiu, who directly holds 57,224 ordinary shares and 100 management shares. Together, these represent roughly 97.8% of the company’s total voting power, based on 2.28 million shares outstanding as of Feb. 13, according to SEC filings.
Four other insiders—Directors Cheung Fan, …
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