secwatch / observer
8-K filed January 18, 2024, 6:59 PM ET CIK 0001591565
leadership confidence high sentiment neutral materiality 0.90

BALLY, CORP.: M&A transaction — Bally Corp. changes control: 99.5% of shares sold; new CEO and director appointed.

BALLY, CORP.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Haiping Hu

Chief Executive Officer, Chief Financial Officer, Secretary
BALLY, CORP.
Effective
2024-01-28
Successor
Shitong Li
Filed
January 18, 2024, 6:59 PM ET
Haiping Hu, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1 (the “Effective Date”) filed with the SEC and mailed on January 18, 2024.
Appointed

Shitong Li

Chief Executive Officer, Chief Financial Officer and Secretary
BALLY, CORP.
Effective
2024-01-28
Filed
January 18, 2024, 6:59 PM ET
Shitong Li was appointed by the Board of Directors of the Company (the “Board”) as Chief Executive Officer, Chief Financial Officer and Secretary of the Company, effective as of the Effective Date.
Departed

Haiping Hu

sole director
BALLY, CORP.
Effective
2024-01-28
Successor
Kaichen Zheng
Filed
January 18, 2024, 6:59 PM ET
Haiping Hu, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1 (the “Effective Date”) filed with the SEC and mailed on January 18, 2024.
Appointed

Kaichen Zheng

sole director
BALLY, CORP.
Effective
2024-01-28
Filed
January 18, 2024, 6:59 PM ET
the Board has appointed Kaichen Zheng as the sole director to fill the vacancy created following and simultaneously as the effectiveness of Haiping Hu’s resignation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Haiping Hu resigned as Chief Executive Officer, Chief Financial Officer, Secretary at BALLY, CORP..

Action
resigned
Role
Chief Executive Officer, Chief Financial Officer, Secretary
Exact text from the filing
Haiping Hu, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1 (the “Effective Date”) filed with the SEC and mailed on January 18, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Shitong Li was appointed as Chief Executive Officer, Chief Financial Officer and Secretary at BALLY, CORP..

Action
appointed
Role
Chief Executive Officer, Chief Financial Officer and Secretary
Exact text from the filing
Shitong Li was appointed by the Board of Directors of the Company (the “Board”) as Chief Executive Officer, Chief Financial Officer and Secretary of the Company, effective as of the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Haiping Hu resigned as sole director at BALLY, CORP..

Action
resigned
Role
sole director
Exact text from the filing
Haiping Hu, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, and sole director, has tendered his resignation from all of his officer positions with the Company and as the sole director, which resignation will become effective ten days after the mailing of the Schedule 14f-1 (the “Effective Date”) filed with the SEC and mailed on January 18, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Kaichen Zheng was appointed as sole director at BALLY, CORP..

Action
appointed
Role
sole director
Exact text from the filing
the Board has appointed Kaichen Zheng as the sole director to fill the vacancy created following and simultaneously as the effectiveness of Haiping Hu’s resignation.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BALLY, CORP. underwent a change of control involving Kaichen Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu for $293,928 in cash (closed 2024-01-12).

Action
change of control
Counterparty
Kaichen Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu
Consideration
$293,928 in cash
Closing
2024-01-12
Exact text from the filing
Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu (collectively, the “Buyers”) (the “Sale”). The Buyers paid a total consideration of $293,928 in cash from their personal funds. Following consummation of the Sale, the Buyers collectively own 99.5% of the Company’s outstanding voting securities, resulting in a change in
View on SEC.gov

21 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Source: SEC EDGAR
accession 0001640334-24-000081
Machine-readable: JSON · Markdown · Plain text

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