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Providence Resources Inc (PVRS) RSS Feed

Followers
19
Posters
56
Posts (Today)
0
Posts (Total)
300
Created
05/14/06
Type
Free
Moderators
CHANGE OF CONTROL 

Change of Control Events Pukang Group Co., Ltd.
Yongfeng Town, Liangzhou District, Wuwei City, Gansu Province, China


On December 22, 2021, pursuant to a Stock Purchase Agreement dated as of December 10, 2021, Markus Müller personally and entities over which he exercises beneficial control that include FE Global Convertible Investment Ltd., FE Global Undervalued Investments Ltd., Global Convertible Megatrend Ltd. and SDM Investments Funds Ltd. (“Sellers”), sold to Pukang Group Co., Ltd, a British Virgin Islands corporation (the “Buyer”), 31,123,465 restricted shares of common stock, par value $0.0001 per share (the “Shares”), of Providence Resources, Inc. (the “Company”), representing 63.72% of the outstanding shares of common stock of the Company on a fully diluted basis, resulting in the acquisition of the controlling interest in the Company. https://www.otcmarkets.com/otcapi/company/financial-report/322688/content



Gansu Pukang Wine Industry Group Co., Ltd.

Gansu Pukang Liquor Industry Group Co., Ltd. is a large-scale liquor enterprise established after the introduction of a number of strategic investment institutions based on the collective shareholding of a long-established brewing elite team. The staff team was originally employed by Wujiu Group (formerly known as Gansu Wuwei Winery established in 1953). On November 19, 2013, the staff team broke away from the seriously insolvent Wujiu Group. With the support of powerful strategic investment institutions, Gansu Pukang Liquor Group was officially established, and obtained the Wujiu Group's brewing production line, Ownership of core production elements such as wine cellars and trademarks of the word "Wu". Pukang Group currently has 10 subsidiaries including Wuwei Vanke Breeding Co., Ltd., Wuwei Daxia Pukang Cultural Industry Co., Ltd., Wuwei Xiawang Ceramic Craft Products Co., Ltd., Gansu Hurricane Media Co., Ltd., and Gansu Jufu Trading Co., Ltd. The group has preliminarily established the organizational structure and operation structure of a large-scale holding enterprise integrating liquor production and sales, planting and breeding, research and development of Xixia culture, ceramic manufacturing, advertising, trade and logistics.

At present, Pukang Group continues to use "Wu Jiu Tan Zang Liquor", which is well-known in the Hexi market, as the main brand of production and sales, clearly showing the marketing trend of stabilizing the Hexi market, seizing the Lanzhou market, and penetrating the market inside and outside the province. "Wu Jiu Tan Zang Liquor" is based on the innovative fusion of Western Xia wine culture and porcelain culture, which greatly enhances the brand value of aged Wuwei wine. In June 2013, a domestic-scale old wine auction was held in Lanzhou. A ten kilograms of Wuwei grain and liquor sealed in 1953 was auctioned for a high price of 1.568 million yuan. The auction was widely publicized by more than a thousand media at home and abroad. This makes the brand "Wu Jiu Tan Zang" well-known at home and abroad, and is well-known in the wine industry. The brand "Wu Jiu Tan Zang" is a prominent banner erected in the west with its unique cultural positioning and beautiful wine quality. It is not only the brand foundation for making Pukang Group bigger and stronger, but also the core engine that promotes the vigorous development of Wuwei's liquid industry.
Pukang Group covers an area of nearly 800 acres and has more than 800 employees, including 1 home-level liquor judge, 16 provincial-level liquor judges, and more than 150 technical personnel of various types. The company has formed a mature and stable workforce, skilled The advanced production process and broad sales network, the operation is stable and orderly, the strength is increasing day by day, and the vitality is increasing day by day.

With the beautiful vision of actively participating in the construction of the Silk Road Economic Belt and revitalizing "Wuwei Wine City", Pukang Group plans to invest more than 2 billion yuan to further explore and develop the rich Xixia wine culture, Xixia porcelain culture and Xixia folk customs in Wuwei. On the basis of protecting the ruins of Xixia porcelain kilns, a new production line and ceramic industrial park with an annual output of 2,000 tons of liquor will be built in Wunan Industrial Park, forming a collection of winemaking development, heritage protection, Xixia ancient town, porcelain manufacturing, ecological management, tourism and vacation, etc. The integrated Xixia cultural industry base has deeply integrated the liquor industry with the tourism industry and cultural industry.


 

PVRS SECURITY DETAILS

Share Structure

Market Cap Market Cap
7,351,411
04/01/2022
Authorized Shares
250,000,000
04/01/2022
Outstanding Shares
68,846,586
04/01/2022
Restricted
61,955,702
04/01/2022
Unrestricted
6,890,884
04/01/2022
Held at DTC
6,486,142
04/01/2022
Float
6,890,884
02/15/2022
https://www.otcmarkets.com/stock/PVRS/security

 
COMPANY OFFICERS & CONTACTS
Shugang Feng
President, Treasurer
 
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