M&A
confidence high
sentiment neutral
materiality 0.90
CAMBELL INTERNATIONAL HOLDING CORP.: M&A transaction — Bitmis Corp. completes reverse acquisition of Cambell International; new business in Chinese nutritional products
CAMBELL INTERNATIONAL HOLDING CORP.
- Issued 1,000,000 common shares and transferred 9,000,000 Series A Preferred shares to acquire all of Cambell International, which became a wholly-owned subsidiary.
- David Lazar resigned as CEO, CFO, and director; Yuan Xiaoyan appointed CEO, CFO, President, Secretary, Treasurer, and director effective December 30, 2022.
- Combined entity operates through VIE agreements in China, with Liaoning Kangbaier focusing on natural B-carotene nutritional products.
- Cambell International is deemed the accounting acquirer; historical financials will be those of Cambell and its consolidated entities.
- Prior to the deal, Bitmis was dormant; new business depends on PRC operations and VIE structure.