m_and_a
confidence high
sentiment neutral
materiality 0.50
Intelligent Hotel Group amends share transfer pact; 47M shares at ~$0.0069, total $322,535
Intelligent Hotel Group Ltd.
- Amendment to Securities Transfer Agreement dated Nov 30, 2024, between Company, Min Wang (Seller), Yixuan Yin (Buyer/CEO).
- Modifies purchase price to ~$0.0069/share for up to 47M common shares, total approx $322,535.
- First two closings completed Nov 30 and Dec 20, 2024; subsequent closings up to Nov 30, 2025.
- Shares transferred in three or more batches; up to 9,030,159 shares in subsequent closings for up to $61,972.
- Buyer Yixuan Yin is CEO and director; transfer from shareholder Min Wang.
item 1.01item 9.01