SavMobi Technology Inc. (OTCMKTS:SVMB) Files An 8-K Changes in Control of RegistrantITEM 5.01 – CHANGE IN CONTROL OF REGISTERANT.
On May 18th, 2017, Lakwinder Singh Sidhu, the Company’s Director and CEO, completed a transaction with Reap Global Ltd., by which Reap Global Ltd. acquired 4,500,000 shares of common stock, representing 68.4% ownership of the Company. Reap Global Ltd. paid $300,000.00 in cash.
ITEM 5.02 – DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On May 18th, 2017 Mr. Sidhu resigned from his official positions as CEO and CFO of the Company, and on the same day the shareholders of the Corporation voted Mr. Poh Kee Liew as Director, and CEO, and Mr. Gim Hooi Ooi as Director and CFO.
Mr. Liew, 45, is the current CEO of New Asia Energy, Inc. and was the Director of Business Development for AD Channel Creative, a Malaysian company since 2008. He has more than 20 years’ experience in internal financial and public relations management. He is a recognized graphic designer, and accomplished in internet social media platform development. Mr. Liew has a Diploma in Graphic Design from the PJ College Art and Design, Malaysia, in 1995.
Mr. Ooi, Age 36, brings years of executive experience in the banking and financial services. He is the current CFO of Wike Corporation and was formerly Senior Relationship Manager of Alliance Bank Malaysia Berhad and Account Relationship Manager at Hong Leong Bank Berhad. Mr. Ooi graduated with a BA in Mass Communication from University of Tunku Abdul Rahman in 2005.
ITEM 9.01 EXHIBITS
10.1 Shareholder’s Resolution Appointing New Director
10.2 Resignation of Lakwinder Singh Sidhu
About SavMobi Technology Inc. (OTCMKTS:SVMB)
SavMobi Technology Inc, located in San Jose, California, provides application software to a global vendor platform to connect people to businesses and provide a new shopping experience. The company is incorporated on March 6, 2015. SavMobi Technology Inc. (OTCMKTS:SVMB) Recent Trading Information
SavMobi Technology Inc. (OTCMKTS:SVMB) closed its last trading session at 0.0000 with shares trading hands.