M&A - AFB Ltd

Form Type: 8-K

Filing Date: 2025-04-11

Corporate Action: Acquisition

Type: New

Accession Number: 000168316825002473

Filing Summary: On April 2, 2025, investor Ti Chieh ZANG entered into stock purchase agreements to acquire 3,000,000 restricted shares of AFB Limited, securing a controlling 74.63% equity stake in the company. The shares were purchased at USD 0.15 each, financed through the investor's own capital. The purchase agreement was executed and the transaction completed on April 9, 2025, granting the investor unilateral control over the company's board elections and other shareholder matters. Additionally, as of April 9, 2025, Tak Chun Wong resigned from his positions as Director, Chief Executive Officer, and Chief Financial Officer without disagreement on operational matters, and Ti Chieh Zang was appointed to replace him in these roles.

Document Link: View Document