Landbay Inc (PK) (LNBY) News

L2, you're looking gorgeous, Darlin

LNBY with new ownership and board members it will be interesting to see which direction they choose. Only a 30 mil o/s and 330k unrestricted shares! Holy cow!

LNBY filing out today

https://www.otcmarkets.com/filing/html?id=17528263&guid=zBQ-kHlLxdifJth

Yeah, odd one, have not had time to do a lot of research yet, however, seems like one that could potentially be used in a merger or acquisition. I know Henry Pang assists Chinese companies with going public in the US, this would seem to be a very good vehicle for that, especially now that it's finally trading after 5 years since the S1.

On July 24, 2019, Larison Inc, the principal stockholder and 100% controlled by the prior President of the Company (“Seller”), entered into a Stock Purchase Agreement (the “Agreement”) with Northern Ifurniture Inc (the “Buyer”). Pursuant to the Agreement, Seller agreed to sell to the Buyer and the Buyer agreed to purchase from Seller a total of 9,222,350 shares of Class A common stock of the Company Purchased Shares, which represented approximately 96% of the Company’s issued and outstanding shares of Class A common stock. As a result, the transaction led to a change of the control and the management team of the Company.

Prior to the change of the management team, the Company was engaging in holding or trading securities in the US market, as well as to trade and hold whisky in the UK market. The Company has changed its focus to operate furniture retail business and furniture design business in the New York area.

The Company also continues to look for other opportunities which could potentially increase the profits of the Company in the near future.

Interesting.

I noticed Hengjiang(Henry) Pang is the point of contact here, same as FGNV.

https://speedlightcs.com/

https://www.otcmarkets.com/stock/FGNV/profile

Hengjiang Pang has nearly 16 years of finance and accounting experiences in both Asia and North America. Mr. Pang served a number of senior management roles in the companies including his 6-year tenure with HeJian Technology Co., Ltd. (subsidiary of UMC), Financial Controller of a private-equity company in Pasadena, California. Mr. Pang is also the President of Speedlight Consulting Services Inc., which is focus on the goal to assist companies going public in the USA, and maintain the public requirements from both SEC and other departments. Mr. Pang has successfully assisted several companies going public in the USA since 2016, which including the areas of real estate development, travelling business, hotel management, medical product development and hemp industry. Mr. Pang holds MBA degree from Keller Graduate School of Management at Devry University, Long Beach and a BA in Industrial Engineering from Northeastern University (China).

Picked up some of this, looks like a small Chinese owned furniture company in NY, on Google Street View, it's called Northern EFurniture, though may possibly be a RM vehicle as well, not sure.

30M o/s, 330K float

http://www.ihome9.com/

https://www.facebook.com/Northern-Efurniture-In-2050534241701007/

https://www.otcmarkets.com/stock/LNBY/profile