Each one in plain English, with the numbers worked through for a shareholder.
11 Aug 2021material agreement● NeutralMajor
On August 11, 2021 Plentiful Limited sold the same 10,000,000 preferred shares (about 98% of voting power) for $250,000 to two British Virgin Islands companies, VEZHONG LIMITED (9,002,000 shares) and JW Asset Management Limited (998,000 shares). Control passes to VEZHONG LIMITED. This is another change of control of the preferred stock, following the 2020 Plentiful purchase; the filing does not state any business plan or any change in the common shares.
By 2020 the company is named Shentang International, Inc. and is described as not currently conducting any business. This information statement reports that on April 29, 2020 Plentiful Limited (Samoa) bought 10,000,000 preferred shares, about 98% of the voting power, from Custodian Ventures (David Lazar) for $240,000, with $15,000 payable once the common stock gets DTC eligibility by June 5, 2020. Lei Xu becomes sole officer and, after a 10-day period, sole director as Lazar steps down. Common stock was 20,000,000 shares and is unchanged; the change in control is at the preferred-share level. The filing does not explain how the company went from the 2009 glass business to a shell run by a custodian.
On July 22, 2009 the shell company (Hammer Handle Enterprises) bought Boom Spring International Limited, which owns Shengtang, a Chinese maker and seller of glass craftwork products, by share exchange. Boom Spring's holders received 33,300,000 new shares plus 12,000,000 shares transferred from the company's former majority holder, together about 90.6% of the 50,000,000 shares outstanding. The old officers and directors resigned and six new ones were appointed. This resolves the search for a new business that followed the 2008 sale of the Pinto claims, and existing holders were left with about 9.4%. The filing text provided is truncated, so further terms are not covered here.
The company (then named Hammer Handle Enterprises Inc.) sold its 'Pinto' mineral claims in British Columbia to Cove Park Enterprises, Ltd. for $2,000, and Cove Park took on all liabilities tied to the claims. The company says it could not raise enough money to explore them, no longer has a business plan, has not found a new business, and says there is no assurance it can continue as a going concern.
