PR mentions it as just the logistics though. But will try to get clarification. dont know why they would give up everything but they do own 50%.
FOR IMMEDIATE RELEASE Cosmos Group Holdings Inc . Private Placement May 12 , 201 7 – [ Hong Kong, S.A.R ] Cosmos Group Holdings Inc. (COSG) (fka Safe & Secure TV Channel, Inc. (SSTV) ) announced today that it consummated a Share Exchange pursuant to which COSG agreed to acquire all of the issued and outstanding securities of Lee Tat Transportation International Limited, a Hong Kong company (Lee Tat) , in exchange for 219,222,938 shares of COSG’s common stock, at a per shar e price of $0.001. Lee Tat is a specialty commercial logistic company that provides timely and reliable logistics and delivery services to commercial clients located in Hong Kong , with plans to expand into Shanghai, China. Prior to our acquisition, Le e Tat was wholly owned by Koon Wing Cheung. In connection with the acquisition, Miky Wan resigned from her positions as Chief Executive Officer and Chief Operating Office and Koon Wing Cheung and Yongwei Hu were appointed to serve as our Chief Executive Of ficer and Chief Operating Officer, respectively, and also as our directors. In addition, Anthony H.H. Chan and Alice K. M. Tang resigned from their positions as directors, and Zhigang Liao and Weiming Chen were appointed to fill the vacancies created by t heir resignations The securities of COSG issued in connection with this acquisition were not registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States ab sent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shal l there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. About Cosmos Group Holdings Inc. Cosmos Group Holdings Inc. was formerly a television network and multimedia information and distribution company focused on serving the homeland security and emergency preparedness industry. With the acquisition of Lee Tat, we have become a specialty comm ercial logistic company that provides timely and reliable logistics and delivery services to commercial clients located in Hong Kong , with plans to expand into Shanghai, China.
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