M&A
confidence high
sentiment neutral
materiality 0.90
Environmental Control Corp. to acquire YBC retail for 50M shares; name change to YBC
Nongfu Shop Digital New Retail Co., Ltd
- Acquires all securities of Yong Bai Chao New Retail (YBC) for 50M shares of Environmental Control common stock.
- Company to rename to Yong Bai Chao New Retail Corp. with stock code YBC after closing.
- Wang Fei, sole officer/director of acquirer, also CEO/director of YBC; transaction is related-party.
- Closing subject to conditions including audit, board/shareholder approval, and legal transfer of assets.
- Consideration consists solely of newly issued shares; no cash involved in the acquisition.