8-K
filed April 25, 2024, 7:59 PM ET
CIK 0001585149
other material
confidence high
sentiment neutral
materiality 0.85
Dengfeng Group Ltd: auditor change — Dengfeng Group: CEO/CFO resign, new management appointed, Acorn Financial becomes controlling holder
Dengfeng Group Ltd
- Auditor BF Borgers resigned April 18, 2024; Kirtane & Pandit LLP appointed as new independent registered public accounting firm.
- Chan Yit Wei resigned as CEO, CFO, President, Treasurer, Secretary, and Director effective April 16, 2024.
- Malik Sherray Lee appointed President, CEO, and Chairman; Loke Sebastian Mun Foo appointed CFO, Treasurer, Secretary.
- Change in control: Acorn Financial Consulting Limited acquired ~33% voting rights for $4,208 via preferred stock transfers.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
BF Borgers, CPA PC resigned as auditor of Dengfeng Group Ltd.
- Action
- resignation
- Auditor
- BF Borgers, CPA PC
Exact text from the filing
pril 18, 2024, Dengfeng Group Limited (the “Company”) received a letter of resignation from its principal independent accountant, BF Borgers, CPA PC (“BF Borgers”), terminating its engagement with the Company.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Dengfeng Group Ltd engaged Kirtane & Pandit LLP as its auditor.
- Action
- engagement
- Auditor
- Kirtane & Pandit LLP
Exact text from the filing
pril 18, 2024, the Board of Directors of the Company approved the engagement of Kirtane & Pandit LLP, Chartered Accountants. (“Kirtane & Pandit”) as the Company’s independent registered public accounting firm.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Malik Sherray Lee was appointed as President, CEO, and Chairman of the Board of Directors at Dengfeng Group Ltd.
- Action
- appointed
- Role
- President, CEO, and Chairman of the Board of Directors
Exact text from the filing
At the effective date of transfer, Malik Sherray Lee consented to act as the new President, CEO, and Chairman of the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Loke Sebastian Mun Foo was appointed as CFO, Treasurer and Secretary at Dengfeng Group Ltd.
- Action
- appointed
- Role
- CFO, Treasurer and Secretary
Exact text from the filing
At the effective date of April 16th, 2024, Loke Sebastian Mun Foo, joined the Company as the CFO, Treasurer and Secretary of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chan Yit Wei departed as Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and Director at Dengfeng Group Ltd.
- Action
- ceased
- Role
- Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and Director
Exact text from the filing
Accordingly, Chan Yit Wei, serving as a CEO director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and Director.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Dengfeng Group Ltd underwent a change of control involving Acorn Financial Consulting Limited for $4,208 (closed 2024-04-16).
- Action
- change of control
- Counterparty
- Acorn Financial Consulting Limited
- Consideration
- $4,208
- Closing
- 2024-04-16
Exact text from the filing
issued and outstanding share capital of the Company on a fully diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $4,208. The source of the cash consideration for the Shares was the personal funds of the Purchasers. Other than as described below, there are no arrangements or understandings among
View on SEC.gov
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