other material
confidence medium
sentiment negative
materiality 0.40
Aixin Life files 8-K/A with unaudited financials for two acquisitions; Shangyan Hotel reports H1 2021 net loss of $481K
AiXin Life International, Inc.
- Shangyan Co revenue $748,056 for six months ended June 30, 2021; net loss $481,453.
- Shangyan Co total assets $2.43M, stockholders' deficit $1.97M as of June 30, 2021.
- Pharmacy Co unaudited financials for same period and pro forma combined statements also filed.
- Acquisitions of Shangyan Co (RMB 7.6M/$1.16M) and Pharmacy Co were announced in May/June 2021; this amendment provides updated financials.
- Shangyan Co operating loss $534,022 for H1 2021 versus $434,754 loss in H1 2020.