On August 27, Dandan Liu bought nearly 3 million shares from existing shareholders in a single privately arranged deal — not through the open market. The SEC filing disclosing the purchase arrived four days later.
The deal cost about $3.56 million in total. It handed Liu — already TDH Holdings' chair and CEO — a stake of 49.11%, covering 5,069,389 of the 10,323,268 shares outstanding. She is now just short of holding a majority of the company's votes.
Because the purchase was private rather than open-market, the price was set by direct agreement between Liu and the sellers. The filing identifies her counterparties only as "certain shareholders" — no names, no per-share price, no explanation of how the deal came together.
Shares closed 28.70% higher at $1.4800 on September 2, after the filing was published, on dollar volume of about $17.3 million across 61,586 trades.
TDH Holdings still trades under the ticker PETZ, a holdover from its years in pet food. According to a company press release on Nasdaq.com, the company now operates and manages commercial real estate properties in China.
The filing says Liu may increase her stake further at any time — through open-market purchases or additional private transactions.