Taihe Group, Inc.: going-concern / distress — Taihe Group acquires Hua Yin International for $1,000; gains control of Indonesian land development and tourism assets

Taihe Group, Inc.

Purchased 100% of Hua Yin International Group Limited for $1,000; 89.9M common and 10M preferred shares transferred to Taihe Samoa.
Appointed Mr. Sukardi as Chairman and Director; Yan-Ping Sheng remains CEO, CFO, Treasurer, Secretary and Director.
Through VIE agreements, controls PT Bintan (land development) and PT Mega (hospitality); both located on Bintan Island, Indonesia.
Core projects include Indonesian Street City (500 acres, 10-15 year build-out, first phase complete) and Mangrove Industrial Park.
Company ceased being a shell company; historical financials of Hua Yin and VIEs will be consolidated in future SEC filings.

item 1.01 item 1.03 item 2.01 item 3.02 item 5.01 item 5.02 item 5.06 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.7

Taihe Group, Inc. entered receivership.

Proceeding: receivership

Exact text from the filing

The information contained in the Explanatory Note above relating to the custodianship described therein is incorporated by reference.

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

Taihe Group, Inc.: Company ceased to be a shell company as a result of a Stock Purchase Agreement.

Change: shell status

Exact text from the filing

Prior to the Stock Purchase Agreement, we were a “shell company” (as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). As a result of the Stock Purchase Agreement, we have ceased to be a shell company.

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

Taihe Group, Inc. completed an acquisition involving Hua Yin International Group Limited for $1,000 (closed 2023-01-31).

Action: acquisition
Counterparty: Hua Yin International Group Limited
Consideration: $1,000
Closing: 2023-01-31

Exact text from the filing

On January 31, 2023, the Company entered into a Stock Purchase Agreement (the “Agreement”) whereby TIHE purchased 100% of the issued and outstanding shares of Hua Yin International Group Limited (“Hua Yin”), a corporation organized under the laws of the British Virgin Islands, for the purchase price of $1,000.

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Source: SEC EDGAR

accession 0001683168-23-005869

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