8-K
filed May 30, 2023, 7:59 PM ET
CIK 0001737193
M&A
confidence high
sentiment neutral
materiality 0.85
Luduson G acquires Glamourous Group via 320M share exchange; new management installed
Aphoenity International Holdings Inc.
- Acquires Glamourous Group for 320M shares (~91.9% ownership), resulting in change of control.
- Glamourous Group had zero revenue in 2021 and 2022; cash balance of $12,056 as of Dec 31, 2022.
- Prior CEO Ka Leong Wong and CFO Lan Chan resigned; new CEO Man Fai Cheng, COO Lap Yan Cheung, CFO Eng Wah Kung appointed.
- Authorized common stock increased to 1B shares to facilitate the acquisition and future issuances.
- Business plan includes influencer management, film production, and theme parks targeting Southeast Asia.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lap Yan Cheung was appointed as Director & Chief Operating Officer at Aphoenity International Holdings Inc..
- Action
- appointed
- Role
- Director & Chief Operating Officer
Exact text from the filing
Mr. Lap Yan Cheung as Director & Chief Operating Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lan Chan resigned as Chief Financial Officer at Aphoenity International Holdings Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
Mr. Lan Chan agreed to resign as director and Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eng Wah Kung was appointed as Chief Financial Officer at Aphoenity International Holdings Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Mr. Eng Wah Kung as Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Man Fai Cheng was appointed as Director & Chief Executive Officer at Aphoenity International Holdings Inc..
- Action
- appointed
- Role
- Director & Chief Executive Officer
Exact text from the filing
the Company appointed Mr. Man Fai Cheng as Director & Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ho Chi Wan was appointed as Non-Executive Chairman at Aphoenity International Holdings Inc..
- Action
- appointed
- Role
- Non-Executive Chairman
Exact text from the filing
the Company appointed Ms. Ho Chi Wan as its Non-Executive Chairman and Director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ka Leong Wong resigned as Chief Executive Officer at Aphoenity International Holdings Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Ka Leong Wong agreed to resign as director and Chief Executive Officer
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Aphoenity International Holdings Inc.: Board approved amendment to Articles of Incorporation to increase authorized share capital to 1,000,000,000 shares of Common Stock (effective 2023-05-24).
- Change
- charter amendment
- Effective
- 2023-05-24
Exact text from the filing
on May 24, 2023, the Board approved a resolution to amend its Articles of Incorporation and increase the authorized share capital to one billion (1,000,000,000) shares of the Common Stock to facilitate the issuance of new stocks.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aphoenity International Holdings Inc. entered into Share Exchange Agreement with Ms Ho Chi WAN valued at 320,000,000 shares of Common Stock (effective 2023-05-24).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Ms Ho Chi WAN
- Value
- 320,000,000 shares of Common Stock
- Effective
- 2023-05-24
Exact text from the filing
On May 24, 2023, the Board of Directors (the “Board”) of Luduson G Inc., a Delaware Corporation (the “Company”) approved a Share exchange Agreement (the “Arrangement”) to be entered between the Company and Ms Ho Chi WAN.
View on SEC.gov
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