Trans Global Group Inc (TGGI)

[luke424]

"Basically, TGGI acquired 34% ownership of a company that has $7 million registered capital, in exchange for a little over 12,000 in cash.

If by March 31st 2023, Bi Xuan You Pin revenue performance is greater than 500 million RMB (chinese currency), then TGGI will issue 50 mil RMB worth of shares to the new entity. If goals are not met, it sounds like they will be pro rated to match their revenue.

Obviously there is a lot of moving parts in this so the future will dictate new share totals etc. As of now, no new sharesare issued, but can be expected sometime after March 31st 2023 unless something changes...

Please, anyone that intreprets this differently - drop a line if i made a mistake in reading the new 8k. Just want the info out so folks know what to expect... "..>https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170202630