M&A
confidence high
sentiment neutral
materiality 0.90
Tianci International change of control: CEO sells 73.18% stake to Silver Glory for $525K
Tianci International, Inc.
- CEO Chuah Su Mei selling all 1,793,000 shares (~73.18% of outstanding) to Silver Glory Group Ltd for $525,000 cash.
- All current directors and officers to resign upon closing; Silver Glory designees to be appointed as successors.
- Closing expected on or before August 20, 2021, subject to standard closing conditions.
- Company has no current business operations; buyer acknowledges investment is highly speculative and may require substantial funds.
- Shares are restricted and sold under private offering exemption; buyer bears economic risk indefinitely.