Good point about GFRE and CHFI! 21M shares were issued in lieu of cash. The question is: how will that play out in chfi's N-Q? What is the relationship between the "Limited" companies below and chfi/Hua Yin? And..is there any relationship with the "Limited" companies below and BioPharm Asia (DOMR.OB)? Just speculating...
In February 2009, the Holders obtained 21 million of the Company’s common stock in February 2009 in the following amounts:
•Top King Group Limited: 6,000,000 •Billion Gold Group Limited: 8,000,000 •Topgood International Limited: 7,000,000
In February 2009, the Company entered into an agreement to issue 21.0 million shares of the Company’s common stock to three new shareholders in lieu of paying off in cash approximately $21.3 million in existing loans payable to Shenzhen Hua Yin Guaranty and Investment Limited Liability Company.
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