TANCHENG GROUP CO., LTD. (QSJC): M&A transaction — Tancheng Group completes acquisition of Qiansui International, ceases to be shell company

TANCHENG GROUP CO., LTD.

On March 20, 2023, Tancheng Group acquired Qiansui International via contribution, making it a wholly-owned subsidiary.
Tancheng ceased to be a shell company; common stock trades on OTC under QSJC.
Qiansui Media sells 'Jue Cheng' ornament products online; plans cultural tourism projects including a health resort town.
Key risks: 77% of purchase costs from one supplier; no housing fund contributions for employees; lease may be invalid.

item 1.01 item 2.01 item 3.02 item 5.05 item 5.06 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TANCHENG GROUP CO., LTD.: Adopted a code of ethics that applies to all directors, officers and employees (effective 2023-03-14).

Change: code of ethics
Effective: 2023-03-14

Exact text from the filing

On March 14, 2023, we adopted a code of ethics that applies to all directors, officers and employees, including our principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TANCHENG GROUP CO., LTD. completed an acquisition involving Zhan Jue Cheng Limited and Zhang Caixia Limited (closed 2023-03-20).

Action: acquisition
Counterparty: Zhan Jue Cheng Limited and Zhang Caixia Limited
Closing: 2023-03-20

Exact text from the filing

On March 20, 2023, the Contribution was completed.

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42 governance changes filed in the last 30 days. Browse all governance changes →

TANCHENG GROUP CO., LTD. filing history →

Source: SEC EDGAR

accession 0001683168-23-001715

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