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Marwynn Holdings, Inc. ( (MWYN) ) has issued an announcement.
On December 22, 2025, Marwynn Holdings, Inc. completed the sale of all 70,000 shares of its wholly owned subsidiary, Grand Forest Cabinetry Inc., to Reli Home Décor Inc. for $550,000 in cash, transferring 100% ownership of the indoor home improvement supply chain business as part of a significant asset disposition approved by written consent of its majority stockholder. On the same date, following effectiveness of that stockholder approval, the company also filed a Certificate of Amendment in Nevada to increase its authorized common stock from 45 million to 500 million shares and released unaudited pro forma financial statements reflecting the impact of the Grand Forest sale on its balance sheet and continuing operations, moves that reshape its capital structure and financial profile for investors.
More about Marwynn Holdings, Inc.
Marwynn Holdings, Inc. is the former parent of Grand Forest Cabinetry Inc., a California-based business engaged in indoor home improvement supply chain management, and its corporate actions suggest a focus on restructuring its capital base and portfolio of operating subsidiaries.
Average Trading Volume: 82,904
Technical Sentiment Signal: Strong Sell
Current Market Cap: $17.3M
For a thorough assessment of MWYN stock, go to TipRanks’ Stock Analysis page.