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change in control
Item 5.01 Changes in Control of Registrant.
On December 26, 2017, Million Success Business Limited, a British Virgin Islands corporation (the “Buyer”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with the then largest shareholder of Oranco, Inc., a Nevada corporation (the “Company”), Mr. Claudio Gianascio, who owned 90.4% of the total outstanding shares of the Company (the “Seller”). Pursuant to the terms of the Purchase Agreement, the Seller sold to the Buyer all of his shares of common stock of the Company, par value $0.001 per share (the “Common Stock”), or 38,121,530 shares of the Common Stock for $340,000 (such transaction, the “Share Purchase”). The purchase price was paid from the general working capital of the Buyer. The Share Purchase was closed on December 29, 2017.
At the closing of the Share Purchase, there was a change in our board and executive officers. Mr. Claudio Gianascio, sole director, President, Treasurer and Secretary of the Company appointed Mr. Peng Yang to serve as sole director, President, Treasurer and Secretary of the Company, with such appointment effective on January 5, 2018, being ten days from the date the Information Statement on Schedule 14F-1 (the “Schedule 14F-1”) reporting the change in control as a result of the Share Purchase was mailed to all the stockholders of the Company as of December 22, 2017. Mr. Gianascio resigned from all his positions with the Company effective on January 5, 2018. Mr. Yang’s bio is incorporated by reference from the Schedule 14F-1.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12464811
Looks like it may come down more. BMIC gets hit every day 10% lower
Thanks. I am also looking to add.
I don't mind getting them lower.
Looks like they will be loading BMIC for a while here, he gets filled lower every single day. Will look to add much lower I think, unless something big happens
I think it will be great, I always try to stay skeptical in the OTC but this is clear as day and they are playing it by the book with filings
I too was not able to pick up more shares today. Why do you think it could go either way.
Funny my bids wouldn’t show up on the L2. I averaged down a bit today. Could go either way here, volume is picking up a bit though.
I tried to add some today, but didn't get filled. Maybe tomorrow...
Agreed. New owner has over 90% of OS. Float is very low.
Follow the filings!! This one could be an absolute monster
Great to be here! No worries, I just follow the filings, and end up on boards with a lot of the same cool people. But I did "follow you" - gave you one of those trendy ihub marks.
Hey there Quintessence, How are you? Are you following me? I am going to get restraining orders against you ") just kidding. Nice to see you here, and you are looking great as usual.
Great to be here! No worries, I just follow the filings, and end up on boards with a lot of the same cool people. But I did "follow you" - gave you one of those trendy ihub marks.
Seems like we are similar in our way of trading. Glad you follow me and thanks for one of those marks you gave me on Ihub. I will do same for you.
If you are on twitter we can DM there. Shoshana@shanak10
Me too. Could be a good one.
Chinese buyer of the company, cleared all debt. Count me in
I hope so, looks good. In the meantime we got the cheapies.
They will be here soon enough
I'm getting a good feeling about this extremely low floater.
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176
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Created
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12/14/15
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Free
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