M&A - China Teletech Holding Inc

Form Type: 10-Q

Filing Date: 2025-07-07

Corporate Action: Merger

Type: Update

Accession Number: 000168316825004933

Filing Summary: The quarterly report of Cluster Group Holdings Ltd Co. for the period ended March 31, 2025, presents a financial analysis indicating that the company has no cash or revenues during this period, reflecting a total stockholders' deficit of $98,143. The operations of China Teletech Holdings Inc. previously ceased under former management, and in 2020, a custodian was appointed by the court to manage the company. In November 2024, the company's name was changed to reflect its new strategic direction. Importantly, the company intends to pursue a merger or a similar business combination to advance its operations. The report highlights the company's accumulated losses and dependency on related party transactions for financial support. Additionally, a reverse stock split was executed at a ratio of 1 for 100,000 shares, retroactively affecting share calculations. The document notes that Mr. Sheng Yan Ping, the CEO, has provided significant financial advances to support operations.