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$CIIT: World Cloud Ventures Share-Exchange with Tianci
https://www.nst.com.my/business/2019/01/453488/wcv-signs-blockchain-tech-mous
Currently $1.27/sh
GO $CIIT
yeah, 2017, lol. Just waiting until they merge in something.
During the six months ended January 31, 2017, the Company recorded a gain on the sale of $200,528.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12627071/content/html
10Q out.
'We are in active discussions with an operating business affiliated with our executive officers regarding potential acquisition.'
Bet it is World Cloud Ventures Sdn
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133864467
http://www.worldcloudventures.com/
8k out. Wonder if World Cloud Ventures coming in
Item 5.01. Changes in Control of Registrant
On August 3, 2017, Tianci International, Inc., a Nevada corporation, (the “Company”) entered into a Stock Purchase Agreement (the “SPA”) with Shifang Wan (the “Seller”), the record holder of 4,397,837 common shares, or approximately 87.00% of the issued and outstanding of Common Stock of the Company (the “Shares”), and Chuah Su Chen and Chuah Su Mei (collectively, the “Purchasers”, and together with the Company and the Seller, the “Parties”). Pursuant to the SPA, the Seller sold to the Purchasers and the Purchasers acquired from the Sellers the Shares for a total gross purchase price of Three Hundred Fifty Thousand Dollars ($350,000). The acquisition was consummated on August 15, 2017. The Purchasers used personal funds to acquire the Shares.
Upon the consummation of the sale, Ms. Cuilian Cai resigned from her positions as director, Chief Executive Officer and Chief Financial Officer of the Company. Her resignation was not due to any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices.
The following individuals were appointed to serve in the positions set forth next to their names below:
Name Age Position
Chuah Su Chen 34 Director, Chief Financial Officer and Secretary
Chuah Su Mei 38 Director, Chief Executive Officer and President
Yeow Yuen Kai 44 Director and Chief Technology Officer
Each director will serve until the next annual meeting of stockholders of the Company and until such director’s successor is elected and qualified or until such director’s earlier death, resignation or removal. Chuah Su Chen and Chuah Su Mei are sisters. Except as set forth above, none of the directors have a direct family relationship with any of the Company’s directors or executive officers, or any person nominated or chosen by the Company to become a director or executive officer. The foregoing individuals will serve in their positions without compensation. The Company hopes to enter into a compensatory arrangement with each officer in the future.
The following is additional information regarding each director and executive officer.
Chuah Su Mei. Chuah Su Mei, age 34, will serve as the Chief Executive Officer, President and Director of Tianci International, Inc. upon the consummation of the acquisition. Ms. Chuah has served as the Finance Director of Ezytronic Sdn. Bhd. since December 2007. Ms. Chuah served as the Shipping Coordinator for Eurotrans Charter Sdn. Bhd. from October 2005 to April 2007. Ms. Chuah brings to the Board of Directors her accounting and financial experience. Ms. Chuah received her Bachelor in Business Finance (Honors) from the University of Hertfordshire via Inti College Subang Jaya in 2005 and her Diploma in Business Finance from Inti College Subang Jaya in 2004.
Chuah Su Chen. Chuah Su Chen, age 38, will serve as the Chief Financial Officer, Secretary and Director of Tianci International, Inc. upon the consummation of the acquisition. Ms. Chuah has 11 years of experience in end-to-end payment cards processes, systems and organization design. Ms. Chuah has served as the Chief Operations Officer of World Cloud Ventures Sdn. Bhd. since May 2016. From April 2008 to April 2016, she served as the New Design Implementation Coordinator of Shell Malaysia Trading Sd. Bhd., a company that wholesales and distributes petroleum and provides a range of technical, human resources, financial and business support services, and expertise to the Shell Group, where she has held various positions covering credit processing, customer service, quality assurance, operations, global process and organizational design. Ms. Chuah received her Bachelor of Business in Finance and Banking from Charles Stuart University in 2010 and her Diploma in Business Studies from Help Institute Sdn. Bhd. in 1998. Ms. Chuah brings to us her broad and deep experience in the payment cards industry.
Yeow Yuen Kai. Yeow Yuen Kai, age 44, will serve as our Chief Technology Officer and Director of Tianci International, Inc. upon the consummation of the acquisition. Mr. Yeow has approximately two decades of experience in the information systems and application development industry. Mr. Yeow has served as the Senior Software Engineer at World Cloud Ventures Sdn. Bhd. since October 2016. From January 2005 to September 2016, Mr. Yeow was a software engineer for Exact ADC Sdn. Bhd., a research and development center for Exact Software, a software company headquartered in Delft, Netherland. Mr. Yeow received his Bachelor of Science in Information Systems from Campbell University in 1997. Mr. Yeow brings to the board his deep experience in information technology and software systems.
I was never able to find out much on this, I actually forgot all about it until your post...lol. There was a merger with Tianci but it seems to be a company with little operations or assets as it's still classified as a shell.
Pretty sweet ss though, those shares folks got under .12 should be a steal, when/if they ever decide to merge with someone. Actually tempted to bid for some myself, not many out there will buy Chinese tickers but I don't mind them at all, just takes patience but many times pays off, especially lately.
I noticed some volume on this yesterday. It has a very low Market Cap for a OTCQB. I can't find any info on this company lol. I saw your post from before. 2 R/S in 2 yrs.
Do you have any thoughts on this one? I guess they are looking for a company to merge with? Thanks..
CIIT: effective April 6,2017 a one for 40 reverse split:
http://otce.finra.org/DLSymbolNameChanges
CIIT 1:40 reverse split coming
By unanimous written consent of the Board of Directors of the Company on February 24, 2017 , the Board of Directors adopted resolutions approving a reverse split of the Company’s Common Stock on the basis of one (1) share for every 40 outstanding shares, so that 40 outstanding shares of Common Stock before the reverse stock split shall represent one share of Common Stock after the reverse stock split (the “Reverse Split”) and proposing that such resolution be submitted for a vote of the stockholders of the Corporation (the “Board Consent”). The Board Consent is attached hereto as Appendix A . The action taken by the Board of Directors with respect to the Reverse Split and amending the Company’s Articles of Incorporation to effect the Reverse Split (the “Amendment”) was subsequently adopted by the written consent of the Company’s stockholders entitled to vote a majority of the shares of Common Stock then outstanding on February 24, 2017 (the “Stockholder Consent”). The Stockholder Consent is attached hereto as Appendix B .
The reasons for, and general effect of, the Reverse Split is described in “APPROVAL OF A RESOLUTION TO EFFECT A REVERSE SPLIT OF THE COMPANY’S COMMON STOCK AND AMENDMENT TO THE ARTICLES OF INCORPORATION TO EFFECT THE REVERSE SPLIT.”
Interesting story developing here
$CIIT & Steampunk Wizards... QUE paso ?
SPWZ, symbol change, .03 up, 160k volume
SPWZ: effective Jan. 31,2017 Steampunk Wizards Inc., SPWZ, will change to Tianci International Inc., CIIT:
http://otce.finra.org/DLSymbolNameChanges
STC@$0.0181: shell + dilution w/ weak recap. GLTA. Nominal gain on sale.
Bought more @ $0.0137 today: Tianci International, Inc. (ticker tbd; fka Steampunk Wizards Inc. SPWZ)
The merger here seems to have gone largely unnoticed, can't decide if it's worth taking a position here though. Based on the little DD I've done thus far, there doesn't seem to be much information on Tianci International, Inc.
Chinese mergers in general typically tend to be hit or miss....mostly miss from my experience, however, I'll continue to monitor it.
Has wallstreetreport gone under. Or do they have a new website?
Company probably dumped on them.
What happen to wall Street report?? New name or they just close there doors.
Gotta buy this premarket route to arca!!!
I tracked this from the start
was tempted to buy .......but it always seems to go down the next day
I think ill buy soon when I think bottom is in
it can only go to .0001
ec
Ouch I guess the punk wizards game is crap and they cashed in on some shares.
What a horrible promo !
Wow this did not turn out well. I guess they dumped on the pump.
Unfortunately I tried making a quick few bucks based off of how well the others went. Obviously not the case. I'll hold to see if it goes back to where it was pre-pump
Yeah by far there worst promotion. They didn't even let this thing run. Stopped sending out letters str8 POS!
The real question is. Will there a be a bounce with the pump or will it continue to be off-loaded?
Today, yes.
Str8 up dump!!!
Yup. They're usually good for about a X4 return.
Just got an email from stockstars.bz They are calling for this to do pretty well.
The pump is on Wall Street report I this. Time to make some quick cash!
I guess they need $$$.
ouch, did not see this coming...... what happened?
Ugh terrible ending..
This sure did drop in the last 3 hours of the day. What is up with that?
I downloaded Bungee Mummy and I lol'd.
Won't be buying any stock based on this experience. What is their standout game? This one is a POS.
If MiniClip went public they would be worth $5 billion. I give them thousands of dollars for that damn pool game. They kick ass. Sick products.
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