AB International Group Corp (ABQQ)

[beer$$money]

$ABQQ Cancelations we know about!
On January 26, 2024, AB International Group Corp. (the “Company”) entered into Repurchase Agreements for
45,173,980 shares for cancellation.

On February 5, 2024, Mr. Chiyuan Deng, cancelled 235,000,000 shares of common stock in the Company.

235,000,000 + 45,173,980=280,173,980

$ABQQ CEO told me the TA update OS will send here in upcoming few days. There will show up reduced more than 250m shares.

— ABQQ (@ABIntlGroup) February 5, 2024

$ABQQ has been talking about the company buying back shares since Oct. 23,2023 and we don't yet know how many 100's of millions they have accumulated to date??

$ABQQ management is actively exploring the possibility of returning and/or canceling up to 1.6 billion common shares to the company. This move is part of a broader effort to optimize the company's capital structure and provide increased value to its shareholder. The board is seeking legal advice to ensure it is able to implement the buy back schemes.
9:34 AM · Oct 23, 2023

Preparing for the buy back scheme, $ABQQ plans sales all non core assets which are discontinued business, estimated returns at around $2.3m to $2.5m in cash. Currently negotiating with potential buyers, expect deals will be closed within 2023.
11:29 AM · Oct 23, 2023 9,730 Views