other material
confidence high
sentiment neutral
materiality 0.85
Phoenix Plus Corp. changes control: Radiance Holdings Corp acquires 83.05% via stock swap
RHINO BITCOIN INC.
- On Aug 21, 2024, Radiance Holdings Corp obtained 276,313,100 shares (83.05%) of Phoenix Plus through a stock-for-stock swap.
- Sellers include CEO Lee Chong Chow (32.56%) and Terence Tulus (32.46%) among six shareholders.
- Purchaser issued 276,313,100 of its own common stock as consideration, total value ~$27,631 at $0.0001/share.
- Prior to the transaction, Purchaser was an affiliate controlled by CEO Lee Chong Chow; no specific business or capital structure changes are planned.