secwatch.observer — SEC 8-K summary
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Issuer:     BALLY, CORP. (—)
CIK:        0001591565
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001640334-24-000081
Event type: leadership
Sentiment:  neutral
Materiality: 0.90
Item codes: 5.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Bally Corp. changes control: 99.5% of shares sold; new CEO and director appointed.
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- Haiping Hu and GMB Wisdom sold 9,797,600 shares (99.5% of outstanding) to eight buyers for $293,928 cash.
- Haiping Hu resigned as CEO, CFO, secretary, and sole director; resignation effective after mailing of Schedule 14f-1.
- Shitong Li appointed CEO, CFO, secretary; Kaichen Zheng appointed sole director, effective upon resignation.
- New directors/officers currently receive no compensation; no family relationships or related-party transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/0001640334-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591565/000164033424000081/blyq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-24-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer