M&A
confidence high
sentiment neutral
materiality 0.60
Cosmos Group completes art collectibles acquisition from director; Chan Man Chung takes control with 66.77% stake
Cosmos Group Holdings Inc.
- Acquired 55 sets of art collectibles from director Herbert Lee for HK$10,344,000 via 180,855 shares; appraised at ≥HK$12,930,000.
- On June 28, 2021, Chan Man Chung acquired 66.77% of common stock for $420,000 and became CEO, CFO, Secretary; former CEO Miky Wan resigned.
- Pending acquisition of Massive Treasure (95% owned by Herbert Lee) for 1,078,269,470 shares; not yet consummated.
- Company pivots to physical arts and collectibles business with NFT integration; plans to launch Fusion NFTs and gallery in Q4 2021.