Replies to post #18277 on Zhuding International Ltd (ZHUD)

[Magnum7419]

All Omni has paid so far is a 270. Filing fee

" They're going to want to pay as little as possible for outstanding shares so they can get controlling interests "

[Magnum7419]

$ZHUD "To eliminate the negative amount of additional paid-in capital derived from accounting for reverse acquisition we transferred USD 555,870 from retained earnings to additional paid-in capital with approval of the Board."



$ZHUD "NOTE 6 – STOCKHOLDERS’ EQUITY
The Company’s authorized capital consists of 490,000,000 shares of common stock and 10,000,000 shares of
preferred stock, par value $0.001 per share, among which, 401,181,550 shares of common stock were issued and
outstanding, no preferred stock was issued.
On July 29, 2016, we effected a 1 for 100 Reverse Stock Split. Each outstanding share of Company’s common
stock, par value $0.001 per share, was converted into 0.01 outstanding share of common stock of the Company,
par value $0.001 per share at a 1 for 100 reverse split ratio (the “Reverse Stock Split”). Immediately prior to the
effectiveness of the reverse stock split, we had 478,150,511 shares of common stock of the Company issued and
outstanding. Immediately upon the effectiveness of the reverse stock split, we have 4,781,550 shares of common
stock of the Company issued and outstanding.
On August 3 2016, 3,600,000 shares owned by two original shareholders of the Company were cancelled, and we
thus we had 1,181,550 shares of common stock of the Company issued and outstanding.
https://backend.otcmarkets.com/otcapi/company/financial-report/263340/content

On August 5, 2016, 400,000,000 new shares were issued by the Company to effect the share exchange
agreement (the “SEA”) as note 1.
Companies incorporated in China are required to allocate 10% of profit to Statutory Reserve until which reach 50%
of share capital, the Statutory Reserve is not allowed to distribute except in the case of liquidation. The statutory Reserve of our operating company Fujian Zhuding reached 50% of its share capital by 2015.

""To eliminate the negative amount of additional paid-in capital derived from accounting for reverse acquisition we transferred USD 555,870 from retained earnings to additional paid-in capital with approval of the Board."