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Re: novicetrader1 post# 13293

Saturday, 03/28/2015 1:19:03 PM

Saturday, March 28, 2015 1:19:03 PM

Post# of 13509
Does it make sense to you that he was aiming for the Hong Kong exchange after the transaction took place which took this shell to the USA Nevada office when it was indeed a HK exchange to begin with?

First China Pharmaceutical Group Limited, a company organized under the laws of Hong Kong (“FCPG HK”), Kun Ming Xin Yuan Tang Pharmacies Co., Ltd., a company organized under the laws of the People’s Republic of China (“PRC”) and wholly owned subsidiary of FCPG HK (“XYT”) and Douglas Billingsley, the sole shareholder of FCPG HK, on the other hand (the “Share Exchange”). Pursuant to the proposed terms of the Share Exchange, the Company will acquire all of the issued and outstanding shares of FCPG HK in exchange for FCPG HK’s shareholder acquiring no less than twenty-five percent (25%) of the Company's issued and outstanding common stock. As a result, FCPG HK and XYT would become wholly owned subsidiaries of the Company. As a condition of the Share Exchange, there will be a change in the Company's Board of Directors prior to the closing of the Share Exchange.

Get a clue! All in my opinion of course. LOL!

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