Good Morning,
In my mind, its inline with the Lil Macau stock hold by principals transfer/purchase about 12 months back. I'm thinking "good merger".
What are your thoughts.
On March 29, 2019, pursuant to the letter of agreement, Lead Innovation Limited, a Macau company (Lil Macau") shareholders sold all of their shares in Lil Macau representing 100% of total issued and outstanding shares of Lil Macau in exchange for 500 series A preferred shares of the Company. Lil Macau develops lifestyle products and projects of innovative, creative nature that fosters a modern lifestyle of quality and leisure. Since inception in 2016, Lil Macau has developed certain projects in the People's Republic of China through its wholly owned subsidiary Zhuhai City Unicorn Hotel Management Co., Ltd. (WFOE), a PRC company. Additionally, Lil Macau recently entered into business in the food and beverage distribution industry in Macau which business extends to other countries in Asia. Lil Macau, through its WFOE subsidiary, also owns business and certain high-end properties in the Zhongshan City of Guangdong Province in the People's Republic of China. Chun Hong Cheng Cheng, majority shareholder, an officer and a director of the Company is also the majority shareholder, sole officer and director of Lil Macau. The Company, through HTIC Environmental Inc., a wholly owned subsidiary, controls the patented technology that allows tires to be recycled through pyrolysis. Upon funding, the Company will sell the resultant pyrolysis oil, syngas, carbon black, and steel to petroleum product manufacturers and rubber blenders.
