adijas
3 years ago
Filings out:
On October 20, 2020, Jianguo Wei, our former Chief Executive Officer, President, Treasurer and Director, entered into an Acquisition Agreement with Shanghai Yuyue Enterprise Management Consulting Co., Ltd. (βSYEMβ) pursuant to which Mr. Wei agreed to sell all 7,258,750 shares held by Tan Ying Lok, constituting approximately 98.75% of the Company, to SYEM for aggregate cash consideration of $200,000. Mr. Wei was authorized to enter into the Acquisition Agreement on behalf of Mr. Lok pursuant to an Authorization Letter dated October 20, 2020. The acquisition consummated on October 20, 2020, and the parties are in the process of transferring the securities to SYEM which is expected to be completed in October 2021.
Big Brother
5 years ago
Yeah, very true, I think BLYQ actually dropped into the .30s then ran back to a couple bucks. Not sure what to think here, it obviously not retail selling, as no one has gotten any cheap shares, but if it falls much more I'll add.
Seems like a lot of low o/s Chinese tickers, and other more illiquid, newer shells have been either completely dead or getting hammered lately.
Big Brother
5 years ago
I would like too, but not sure about these new shares showing up. I think about 15% of the float traded yesterday, seems rather unusual for this ticker. I see a similar thing happening in BLYQ as well, which both started trading around the same time if I recall correctly, both have similar share structures, and both are Chinese changes of control...idk.
It's either a good buying opportunity...or....???
Big Brother
6 years ago
I missed this news the other day, as usual the translation isn't the best, but it sounds like getting the Group listed in the US and/or on New Third Board Market in China is a main priority for them this year.
http://chang-qing.cn/news/news_n?id=243
1. The listing work has taken a solid step.
In accordance with the determination of the chairman of the board of directors to "do spare no effort, find ways to find ways, multi-path and multi-methods to be listed in Hong Kong or the United States", the competent authorities carefully planned, strictly organized, overcome difficulties, and fully promoted the preparations for listing.
Relying on professional teams to find partners, solve the problem of foreign exchange funding channels, and identify intermediaries. In May, the chairman and the listed professional team signed the cooperation intention. In June, the group officially signed a cooperation agreement with ARBE in the United States.
After that, asset restructuring, standard financial management, the establishment of eight Sino-foreign joint ventures and overseas companies, the organization of employee internal equity subscription, to prepare for the group's US listing.