Man does anybody pay attention. If one part of the Due Diligence has already cleared the rest is coming shortly. To explain this is sad at this point really sad only a few people gets that billions of dollars is incoming thru other companies already lined up to trade under tggi you don't aquire southsea's for one company.
On August 8, 2022, Trans Global Group Inc. (“TGGI,” or the “Company”) entered into a share exchange agreement (the “Share Exchange Agreement”) with ZXG Holdings Limited (“ZXGBVI”), a BVI Business company. the sole shareholder of ZXGBVI, Southsea Global Limited. (“Southsea”), a BVI Business Company, which is wholly 100% owned by Mrs. Woo Shuk Fan (“Woo”), and Woo, as the officer, director and shareholder of Southsea. Under the Share Exchange Agreement, One Hundred Percent (100%) of the ownership interest of ZXGBVI was exchanged for 1,465,761,689 shares of common stock of the Company at the Closing issued to the Southsea. The transaction has been accounted for as a recapitalization of the Company, whereby TGGI is the accounting acquirer.
Immediately after completion of such share exchange, the Company will have a total of 21,838,187,608 issued and outstanding shares, with authorized share capital for common share of 99,995,000,000.
Consequently, the Company has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the “Exchange Act”) and ZXGBVI is now a wholly-owned subsidiary.
Item 2.01 Completion of Acquisition or Disposition of Assets As described in Item 1.01 above, on August 8, 2022, we acquired all the issued and outstanding shares of ZXGBVI pursuant to the Share Exchange Agreement and ZXGBVI became our wholly-owned subsidiary. As a result of the acquisition of all of the issued and outstanding shares of ZXGBVI, we have now assumed ZXGBVI’s business operations as our own.
They are about to bring a lot of businesses into tggi!!!!!!!
