secwatch.observer — SEC 8-K summary
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Issuer:     QMIS TBS Capital Group Corp. (—)
CIK:        0001796160
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001096906-23-000347
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 9.01, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

QMIS TBS acquires QMIS Securities Capital in share exchange; CEO becomes majority owner
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- Closed exchange of 1,000,100 QSC shares for 1,000,100 QMIS common shares on Feb 13, 2023.
- CEO Dr. Chin Yung Kong now holds 52.72% of outstanding common stock after exchanging his QSC stake.
- Acquisition positions Company as investment holding group with financial services units in Malaysia and Hong Kong.
- Prior broker-dealer Richfield license suspended by FINRA; acquisition agreement terminated Nov 2022.
- QSC had net tangible assets of $5,419 as of Sep 30, 2022; reverse acquisition accounting applies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796160/000109690623000347/0001096906-23-000347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796160/000109690623000347/qmis-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-000347

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