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UBuyHoldings (UBYH) has shared an announcement.
A significant shift in company dynamics unfolded as a major stock transaction resulted in a change of control, with the purchaser becoming the majority and controlling stockholder. This transaction granted them 95% of the voting power through the acquisition of 10,000,000 Series A-1 Preferred Shares. Subsequently, the company’s board underwent a reorganization; John Tan Honjian was appointed as the new Director, President/CEO, CFO, and Secretary following a board member’s resignation. Tan brings with him an impressive track record as the head of AEI Capital Group and co-president of the Investment Banking Services Group at European Credit Investment Bank Ltd., boasting extensive experience in private equity, M&As, and IPOs in the Asia-Pacific region.
For detailed information about UBYH stock, go to TipRanks’ Stock Analysis page.