Monday, February 01, 2021 8:01:25 PM
Blow & Drive Interlock Corporation, through its subsidiaries, operates an eSports platform in Malaysia. The company provides www.Matchroom.net., an integrated e-sports tournament site that allows tournament organizers, brands, players, and game developers to organize e-sports tournaments on platform utilizing platform tools, such as user registrations, payments, communications, lives tream link ups, wallet system, and other community features. It also offers information technology, mobile application development, and digital content publishing services. Blow & Drive Interlock Corporation is based in Petaling Jaya, Malaysia.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On October 2, 2020, The Doheny Group, LLC, an entity controlled by our sole officer and director, agreed to sell all of its common stock and Series A Preferred Stock (the “Shares”) pursuant to the terms of a Stock Purchase Agreement (the “Agreement”). Pursuant to the terms of the Agreement, the Doheny Group, LLC will sold 110,617,521 shares of our common stock and 1,000,000 shares of our Series A Preferred Stock to Song Dai. The shares represent approximately 84.83% of the issued and outstanding shares of our common stock, 100% of our Series A Preferred Stock, and 91.41% of the voting power of all securities of our company. The sale of the Shares consummated on October 23, 2020, and was purchased by Dai SONG with his personal funds. As a result of the acquisition, Mr. Song holds a controlling interest in the Company and may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company’s stockholders.
Upon the consummation of the sale of the Shares, David Haridim, our Chief Executive Officer, President and director, resigned from all of his positions with the Company, effective October 23, 2020. His resignation was not due to any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Concurrently with such resignation, Dai SONG was appointed to serve as the Chief Executive Officer, Chief Financial Officer, Secretary and sole Director of the Company, 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. None of the directors or executive officers has 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. Mr. Song will serve in his positions without compensation. The Company hopes to enter into a compensatory arrangement with each officer in the future.
The following is additional information regarding our sole director and executive officer.
Mr. Dai Song, age 59, has served as Director of Bru-Haas, a licensed Telecom Operator in Brunei since 2004 and Malaysia since 1998. He began his career at State Street Bank & Trust in Boston (1984-1986) handling custody services for Institutional Liquid Assets – Goldman Sachs.
From 1986 onwards, Mr. Song worked in Institutional Real Estate Development & Management in the Boston area.
In 1991, he returned to Malaysia and was a consultant for Arthur Andersen & Co and he left to form private companies in the telecoms and IT sectors. As a serial entrepreneur, in 1997, Mr. Song started Bru-Haas as a Telecom Wholesale Provider and has since expanded the network to North Asia, America, Middle East, and Africa.
In 2012, as part of a Joint Venture between Brunei International Gateway Sdn. Bhd. (now Unified National Networks) and Bru-Haas (B) Sdn Bhd, Mr. Dai Song was the Managing Director of BIG Singapore working with the consortium submarine cable networks of Asia America Gateway, South East Asia Japan Cable System as part of Brunei representation. The consortium members include SingTel, Google, Telstra, Telekom Malaysia, China Telecom, Bharti, China Mobile, PLDT, and other carriers.
Mr. Song received his Bachelor of Science Management (Finance and Accounting) in 1984 from the University of Massachusetts-Boston.
We believe that Mr. Song brings to the Board his deep telecom, finance, and business experience in the South East Asia region.
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