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Hopefully the acquisition goes through.
Thanks for your efforts.
I guess we continue to wait.......
I'd assume if they issued 25M shares it was either to settle debit owed to the shell owners, or they completed the merger/ acquisition with SSTHG Zhejiang Intelligent Tech Co., Ltd, I just have not been able to find out anything on SSTHG at all using my typical methods for researching Chinese co's. So I have no clue if its any good or not.
Interesting.
Hopefully they sell it and somebody does something with it.
Thanks
BTW, you got $75,000 LOL.
Looks like there was a 25M share issuance recently, if that's it, then that's not too bad for this SSTHG merger. Now they just need to get to OTCID, they fell to Pink Limited, like so many other Chinese companies, for not filing the new disclosure requirements, so now it can't be traded with most mainstream brokers any longer. Huayixin Capital, who owns this shell and several others, is really bad about keeping filings up to date. They only sell their shells for $150K, so they seem to try to put as little time and $$$'s into them as possible.
I was that bidder above .10 and I bought those.
Hopefully good things to come.
No volume yet and yes, I guess we will see.............
Not yet, I'd imagine there will be some sort of share issuance upon closing. Which is a bit concerning given the high A/S and typically in these cases you would see the Chinese trying to buy up any available free trading shares....and we have not even seen a bidder here above .10 in ages...but I guess we'll see.
Are there any terms?
Thanks
SHONGHOYA INTL GROUP INC (the "Company") was formally approached by SSTHG Zhejiang Intelligent Tech Co., Ltd. ("SSTHG"), a technology company headquartered in Hangzhou, China, regarding its intention to acquire the Company in full.
According to the proposal, SSTHG, together with its subsidiary MMT Maimaiti O2O Local Life Service Platform, has expressed its intention to pursue a full acquisition of SHONGHOYA INTL GROUP INC (OTC: SNHO).
About the Acquirer: Established in November 2020, SSTHG Zhejiang Intelligent Tech Co., Ltd. positions itself as a strategic platform integrating AI-powered marketing, smart supply chain technology, and asset incubation. With its mission grounded in "Speed x Technology x Ecology," SSTHG aims to address common enterprise challenges such as sales growth, access to financing, and cost efficiency. The company currently supports the digital transformation of real industries globally.
About SHONGHOYA INTL GROUP INC: Founded in 2005 and listed on U.S. markets under ticker symbol SNHO, SHONGHOYA INTL GROUP INC is currently executing its business development plan centered on the internet sales and marketing sector. The Company intends to operate in areas such as daily transactions, group buying, printing media, software, and application development. At this stage, SHONGHOYA is actively building its operational foundation and developing a stable customer base, with a strategic focus on offering digital coupon marketing solutions to local businesses.
Strategic Fit and Acquisition Purpose: SSTHG's proposed acquisition supports its broader goals of international market expansion, technological synergy, and resource integration. Through this acquisition, SSTHG expects to gain strategic entry into the U.S. digital commerce and marketing sector, while contributing its AI and platform capabilities to enhance SNHO's development trajectory. The transaction is expected to generate long-term value for shareholders of both companies.
SSTHG intends to advance the acquisition process in accordance with relevant legal, regulatory, and securities market requirements. Both companies are committed to working cooperatively to ensure a transparent and efficient transaction process, and will provide timely updates as material developments occur.
Board Appointment: In connection with the proposed acquisition and strategic alignment between the two companies, Mr. Xiaoyang Du has been appointed as a director of the Board of SHONGHOYA INTL GROUP INC. Mr. Du is the founder of SSTHG Zhejiang Intelligent Tech Co., Ltd., established in October 2020, and has served as its Chairman since its inception. His appointment is expected to strengthen the strategic cooperation between the companies and support the execution of joint business objectives.
Forward-Looking Statements
8K out, essentially an LOI with SSTHG Zhejiang Intelligent Tech Co., Ltd
https://www.otcmarkets.com/filing/html?id=18523776&guid=9Cc-kpv6MXtFTih
Better than nothing......
BTW, crazy ass spread.
Form C-AR just filed, smart move, I believe that starves off the Expert Market for quite awhile, even though they are technically delinquent in their reporting.
https://www.otcmarkets.com/filing/html?id=18252059&guid=4gB-kpQDq02Pdth
You never know, that's why we own them...
GLTU
Hope so, you never know with Chinese tickers, that huge a/s could result in a large share issuance in any merger. I need to do some more DD here one of these days, there are not many Chinese companies using AI in the fintech industry as they are going to be, so I could probably narrow down who the merger might be with.
Good for you - I hope they pay off handsomely.
Yeah, I got most of those, its extremely difficult to get cheap shares as they rarely become available. Not sure what they are doing with this but they are looking to merge something in, probably AI. I've got a few Chinese AI companies already, none of them are doing anything but you never know I guess.
https://baijiahao.baidu.com/s?id=1817944847732601086&wfr=spider&for=pc
It never trades - around 7,000 shares in all of 2024..........
Hopefully they can revive this bad boy!!!!!!!!!!
Hmmmmmmm!!!!!!!!
Hmmmm.?????
Item 8.01 Other events
Shonghoya Intl. Group, Inc. (the "Company") announces that its new management team has decided to revive the Company's operations by launching a groundbreaking initiative focused on artificial intelligence (AI) in investment raising. This strategic shift focuses on establishing the Company's presence in developing an AI-powered platform designed to connect investors and fundraisers, streamlining the capital-raising process through advanced technology. The new platform will leverage AI-driven analytics, matchmaking algorithms, and data visualization tools to enhance efficiency, transparency, and accessibility for all stakeholders in the investment ecosystem. This decision aligns with the Company's vision to innovate within the financial technology sector and respond to the growing demand for digital transformation in investment activities. Management believes this initiative positions Company to capture emerging opportunities in the AI and fintech industries while revitalizing shareholder value.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Maybe something will finally happen here.
Thanks
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
On October 31, 2024, the District Court in and for Clark County, Nevada, issued an order (the "Order") appointing Junhua Guo as custodian of Shonghoya Intl. Group, Inc., a Nevada corporation (the "Corporation"). Pursuant to the Order and applicable state law, the court-appointed custodian reinstated the Corporation's charter with the Nevada Secretary of State and has taken other required actions to revitalize the Corporation, including the appointment of Mr. Danping Sheng to serve as the Corporation's President, CEO and Director, Mr. Guo as the Secretary, Treasurer, CFO and Director until such time as the replacement(s) can be appointed.
Mr. Sheng, a partner at Huayi Xin Capital (www.hyxinvest.com), has supported numbers of companies in early-stage shareholding reforms, equity incentives, and IPO guidance. He has successfully led over ten companies through IPO projects, with a cumulative financing total over $300 million.
SNHO now Pink Current AGAIN
And up over 100% today.
Anybody knows what this company is up to?
Surely some update is long outstanding?
Is this it or can we expect some substantial news soon, or is it, if ever?
Low volume BUT did we just hit a New 52 Week High?
$2.13
Nah, the outstanding is 1.5 million shares per their attorney letter. I guess somewhere along the line somebody magically inserts a 3 and makes this scam have 31,5 million O/S.
Market cap of $44 million is comical, to say the least.
SCAM
Interesting how they turned a no revenue company into a 44+ million market cap company. Maybe those running things actually know what they're doing. This could get interesting, eventually. IMO.
Looks like I bought into another "dead money" stock. Sad, but maybe they'll do something with it. IMO.
Looks like they that bought the shell only bought it to flip it. Not sure though. IMO.
I think the EuroGermanshitpump has given up on DEEL/SNHO and the Taipei scam address and took the EuroGermanshitpump show to HDUP.
I cannot fathom why this trash SNHO trades at $1.25
Nice, most likely. IMO.
I cannot find one link to a German Promo???
$1.80 today is looking petty good and on low volume.
My $0.30s are very happy.
NO SCAM NO PROMO
Just waiting
Looks like the (DEEL/SNHO) promo out of Germany has been abandoned.
On to the next OTC scam I suppose.
Did anyone else notice the CEO is a female on the report, but the supposed twitter ceo's picture is a guy? Still think the twitter is fake.
I like your handle, brother?
BIG BUY COING IN
A massive authorized share reduction might orbit the stock price. IMO.
watch für good things soon . Price is steady up, ceo talking in twitter
Correction "her" according to Q report. IMO.
Found him @WenChunChenn IMO.
O, where oh where has WenChunChen gone O, where oh where could he be...
Let's face it this whole DEEL saga was a disaster and all the hype came to nothing.
Can't believe there are some that bought this at a pre-halt post-split equivalent of $7 dollars TEEHEE HOLY SHIT! From $7 dollars to .0001 in the blink of any eye!
FRAUDULENT HIJACK WEEEEEEEEEEEEEEEEEEEEEE
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