M&A - KHEOBA CORP.

Form Type: 8-K

Filing Date: 2025-01-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000168316825000320

Filing Summary: On January 10, 2025, Mr. Tien Seng Tong acquired 6,000,000 shares of Common Stock of KHEOBA CORP., obtaining a controlling 74% equity stake through a privately negotiated stock purchase agreement. The shares were purchased at a price of USD 0.091 per share, financed by the Investor's own capital. As a result, the Investor gained control over the election of the board of directors and other shareholder matters. The Investor has proposed plans for international expansion and development within the Asia Pacific market. Additionally, on January 14, 2025, several resignations occurred: Gaga Gvenetadze resigned from all executive officer positions, and Irakli Tatarishvili and Giorgi Sambadze resigned as directors. Mr. Ka Miew Hon was appointed to fill executive roles effective January 14, 2025, having extensive experience in the information technology sector.