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Friday, August 05, 2022 3:09:42 PM
List any stock split, stock dividend, recapitalization, merger, acquisition, spin- off, or reorganization either currently anticipated or that occurred within the past 12 months:
Shareholders are entitled to 1 share of Equity Art Corp Ltd as of the record date of September 15 2021 for each share held on that date should FINRA approve this corporate action. This is considered an off balance sheet asset.
From the 8-k:
On April 1, 2022 , the Board of Directors of YaSheng Group resolved to pay and will pay a dividend of its preferred shares to its shareholders pro rata so that each shareholder will receive 1 preferred shares for every 10 common shares held on the record date of May 15 2022. Payment will made on May 31, 2022. The declaration date is April 15 2022.
The spinoff of Equity Art Corp Ltd has been postponed until further notice.
Is it not strange that the Company does not mention the ongoing stock dividend that was announced April 15 and that we are all waiting for, under the section in the Q2 where they ask them to list stock dividends? But they mention the Equity Art spinoff, that was postponed in the 8-K from April 15.
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