GBGH .3499 interesting. I dont believe they have yet to complete the fins for the RMing co. So whatever is on 10q hasnt taken into consideration of what assets and revs the co may have? May have to dig to see whats out there possibly
NOTE 3:- BUSINESS COMBINATION AND GOODWILL
On 11 January 2016, the Company completed a purchase of 100% of the shares of GBGH HK for 16,000,000 shares of the Company’s common stock.
On January 11, 2016, subsequent to the end of the fiscal year, the Company acquired all of the issued and outstanding stock of GBGH Hong Kong Limited, a Hong Kong Corporation, at a consideration of HK$500,000 (approximately US$64,000), and as a result of the transaction, GBGH Hong Kong Limited (“GBGH HK”) became a wholly-owned subsidiary of the Company. On April 6, 2016, the Company issued 16,000,000 shares of its authorized but previously unissued shares of common stock as the consideration for acquisition of the shares of GBGH HK. The shares issued by the Company were valued for purposes of the acquisition at HK$0.03125 per share (approximately US$0.004 per share), or an aggregate of HK$500,000 (approximately US$64,000). As a result of this transaction, the Company’s issued and outstanding common stock increased from 2,949,484 shares to 18,949,484 shares. Prior to their acquisition by the Company, all of the issued and outstanding shares of GBGH HK were owned by Richcorp Holdings, Ltd. (“Richcorp”), a Samoa corporation, which was also the principal shareholder of the Company prior to the transaction. Accordingly, following completion of this transaction, Richcorp, is the owner of 18,308,345 shares, or approximately 96.6%, of the Company’s issued and outstanding common stock.
The Company has not filed the required audited financial statements of GBGH HK for the reverse merger with GBGH HK, details of which are disclosed in Note 1.
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On April 5, 2016, we issued 16,500,000 shares of our common stock to Richcorp Holdings Limited (16,000,000 shares), Hsuan LIN (40,000 shares), Li Lin Chen MA (40,000 shares), Xiao Hong SHAN (80,000 shares), Ju Hsin CHEN (40,000 shares), Chien Shan HSU (40,000 shares), Ying SHEN (40,000 shares), Chien Ya HUNG (40,000 shares), Zhi Yong LI (40,000 shares), Ellen Wongkap MARILYN (40,000 shares), KIUNSKA (60,000 shares) and Ai Qing CAO (40,000 shares).
On April 7, 2016, we issued 250,000 shares of our common stock to Tsu-yu LIN (40,000 shares), Ting Yun CHANG (40,000 shares), Kuang Che LIN (40,000 shares), Yong-Cing LIN (40,000 shares) and Yi Sheng LIN (90,000 shares).
On May 6, 2016, we issued 250,000 shares of our common stock to Yong-cing LIN (40,000 shares), Ting Yun CHANG (40,000 shares), Kuang Che LIN (40,000 shares), Yong-cing LIN (40,000 shares) and Yi Sheng LIN (90,000 shares).
On May 10, 2016, we cancelled 250,000 shares of our common stock issued to Yong-cing LIN (40,000 shares), Ting Yun CHANG (40,000 shares), Kuang Che LIN (40,000 shares), Yong-cing LIN (40,000 shares) and Yi Sheng LIN (90,000 shares).
Prior 10k S/S insider numbers
RichCorp Holdings, Ltd.
Brumby Centre, Lot 42, Jalan Muhibbah, 87000, Labuan F.T., Malaysia
2,308,343
78.3%
Kok Seng Yeap (1)
Brumby Centre, Lot 42, Jalan Muhibbah, 87000, Labuan F.T., Malaysia
1,177,254
39.9%
All officers and directors as a
group (1)
1,177,254
39.9%
