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Sunday, April 11, 2021 12:38:57 AM
@NSAVTech·Feb 11. Our private equity fund, TG Private Equity Inc. also played a major role in this transaction and as we have shown, TG is a huge player in the Asian investment community and they now own 50% or so of NSAV.
Apr 9. Thankfully I made it on before the market opened since I promised I would. My apologies for being later than I would have liked. But you all know that my other board of director, Mr. Yuen Wong is based in Hong Kong, as well as Silverbear Capital & TG Private Equity Inc.
In other words, NSAV is less than a 50% owner of NSAV and the majority shareholder is based in Hong Kong. I think many of us agree that TG Private Equity is some kind of creation of Silver Bear Capital. So, NSAV is in effect already a subsidiary of SBC. Eventually they will rename it to something of their choosing. I believe it will become SBC Holdings. Personally, I like that. It means that JT does not have much power, and our parent company has a lot of money to make things happen, and probably will.
(The above statements are my opinion only and could be wrong.)
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