ALLIED VENTURES HOLDINGS CORP. (OTCMKTS:MUSS) Files An 8-K Changes in Control of Registrant
Item 5.01 Change in Control of Registrant
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
Effective November 29, 2016 (Closing Date), G. Reed Peterson sold
66,667 shares of common stock of the Company to Longwen Group
Corp., a Grand Cayman company (Longwen). All of the shares held
by Longwen are restricted securities. As a result of the
transactions, Mr. Petersen no longer owns any of the Companys
capital stock or securities.
On the Closing Date, Mr. Petersen resigned in all officer
capacities from the Company, and Mr. Xi Zhen Ye, President of
Longwen, was appointed a Director of the Company and President
and Chief Executive Officer and Chief Financial Officer of the
Company and Mr. Keith Wong was appointed Chief Operating Officer
of the Company.
Effective upon the 10th day after the Schedule 14f-1 has been
mailed to Companys stockholders (the Appointment Date), Mr.
Petersen automatically will resign as a director. On that same
date, Mr. Ye will be appointed as the Companys Chairman of the
Board at that time.
| Name | Age | Position | ||
| Xi Zhen Ye | Chief Executive Officer and Chief Financial Officer; Director | |||
| Keith Wong |
Chief Operating Officer |
The business background description of the newly appointed
officers is set forth below.
Xi Zhen Ye has been the Companys Chief Executive Officer and
Chief Financial Officer since November 4, 2016. Mr. Ye, a
businessman in Hangzhou, China. He has operated and invested in
several local companies with notable success, including news
distribution network, films, mining, energy and Chinese
traditional medicine. He has a BS degree in Journalism. Mr. Yes
business background led to the decision to appoint him to the
Companys Board of Directors.
Mr. Wong brings 27 years of experience in sales, business
management, finance, manufacturing, Asian suppliers and Asian
business networks. For over twelve years, Mr. Wong was the
President and CEO of ATC Technology Group, which later became
EastBridge Investment Group Corporation. Mr. Wong holds a
Bachelors and Masters degree in electrical engineering from
Rutgers University and Northeastern University, respectively and
Advanced Management Program from Harvard Universitys Business
School. Mr. Wong also holds two U.S. utility patents and one U.S.
design patent. In considering Mr. Wong’s continued eligibility
to serve on the Board, the Board considered his extensive
experience in finance, marketing, sales and operational matters
for public and early stage companies.
The following table sets forth certain information as of November
29, 2016 and gives effect to the above described transaction,
with respect to the holdings of: (i) each of our current
directors and named executive officers, (ii) each of the
individuals who will be appointed as directors of Company on the
Appointment Date, and (iii) all directors and executive officers
as a group, including the new directors. Other than those
individuals named below, no holder owns 5% or more of Companys
common stock. To the best of our knowledge, each of the persons
named in the table below as beneficially owning the shares set
forth therein owns the shares directly and has sole voting power
and sole investment power with respect to such shares, unless
otherwise indicated. Unless otherwise specified, the address of
each of the persons set forth below is the address of the
Company. The information below is based on a total of 127,061
shares of Companys common stock outstanding as of November 29,
2016.
| Name and Address of Beneficial Owner | Amount and Nature of Beneficial Ownership | Percent of Shares Beneficially Owned | ||||||
| Longwen Group Corp. (1)(3) | 66,667 | 52.4 | % | |||||
| Officers and Directors | ||||||||
| Xi Zhen Ye (1) | 66,667 | 52.4 | % | |||||
| Keith Wong (3) | 66,667 | 52.4 | % | |||||
| G. Reed Petersen(2) | ||||||||
| All directors and executive officers as a group (3 persons) | 66,667 | 52.4 | % |
| (1) |
Mr. Xi Zhen Ye is the sole officer and benfically owns 67.39% of the capital stock of Longwen Group Corp., and is deemed the beneficial owner of such shares. |
| (2) |
As of the date of this Information Statement, Mr. Petersen serves as our director. Ten days after the filing and dissemination of the Schedule 14f -1 Information Statement, Mr. Petersen will resign as a director. Mr. Petersens address is 3635 Cove Point Drive, Salt Lake City, Utah 84109. |
| (3) |
Mr. Keith Wong is the beneficial owner 32.61% of the capital stock of Longwen Group Corp. and is deemed the beneficial owner of such shares. |
About ALLIED VENTURES HOLDINGS CORP. (OTCMKTS:MUSS)
Multi Solutions II, Inc. is a developing company. The Company, through its subsidiary Multi Soft II, Inc., is engaged in production, marketing and maintenance of a line of software products, consisting of tools for the development of client-server, front-ending, and Internet based applications using a mainframe or an Internet server. The Company intends to develop a new product or service in the established business. The Company has not generated any revenue. ALLIED VENTURES HOLDINGS CORP. (OTCMKTS:MUSS) Recent Trading Information
ALLIED VENTURES HOLDINGS CORP. (OTCMKTS:MUSS) closed its last trading session 00.000 at 0.200 with 364 shares trading hands.
