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Friday, January 27, 2023

Trans Global Group Inc (OTCMKTS: TGGI) Steady Rise Northbound as CEO and Controlling Shareholder Ren Makes Big Moves and Co Acquires 34% Stake in Bi Xuan You Pin

Trans Global Group Inc (OTCMKTS: TGGI) is making an explosive move northbound since reversing off $0.001 lows on over $100,000 a day in dollar volume as this well-known runner comes back to life. The TGGI story started back at the end of 2020 when Chen Ren acquired the control block of TGGI from Matthew Dwyer. Mr. Ren, who was a well-known singer/songwriter along with TGGI president, Mr. Tang Jiacheng have long been very public about their intentions of making TGGI a global enterprise and uplisting the stock to a national market. TGGI has a massive international following that is once again getting behind TGGI and heavily accumulating at current levels. There is a lot of great due diligence on TGGI including in this twitter thread.

Reverse Merger stocks are among the most exciting and explosive stocks in small caps and TGGI was no exception skyrocketing out of the low subs in late 2020 to highs near $0.03 per share last year. After a significant drop to current levels after the rs was announced in October TGGI is once again moving northbound with power. In October TGGI released an 8k reporting subsidiary Zui Xian Gui Brewery Technology Limited entered into an investment agreement with Guangzhou Jinxin Technology Service Limited “GJTS”, a PRC company, the major shareholder of Bi Xuan You Pin Limited. Under the agreement TGGI will reward the dealer team its common stock equal to RMB 50 million market capitalization, if if BXYP dealer team achieves the revenue performance up to RMB 500 million ($73 Million USD). We will be updating on TGGI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below. 

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TGGI Stock Price and Chart — OTC:TGGI — TradingViewTrans Global Group Inc (OTCMKTS: TGGI) was originally incorporated in Colorado on April 2, 1979 as Teletek, Inc. On September 23, 2020, Matthew Dwyer, the Company, and Chen Ren entered into that certain Stock Purchase Agreement, pursuant to which Dwyer agreed to return 200,000 shares of Series AA Preferred stock, par value $0.0001 per share to treasury for $150,000, and the Company agreed to issue 20,000 shares of Series B Preferred Stock, of the Company representing approximately 93% of the outstanding voting power to Chen Ren who was appointed CEO. 

On April 20, 2022, Woo became the sole member of Southsea in British Virgin Islands. Woo, in turn, incorporated ZXGBVI in British Virgin Islands on May 16, 2022. Woo then acquired Hong Kong Zuixiangui International Holding Co Ltd “ZXGHK” on June 1, 2022, and Zui Xian Gui International Holding (Shenzhen) Co., Ltd “ZXGWOFE” and reorganized these entities with ZXGBVI being a holding entity and the only shareholder. As a result of the reorganization, ZXGBVI owns 100% interest in ZXGHK and ZXGHK owns 100% interest in ZXGWOFE and ZXGWOFE owns 100% interest in ZXGSZ. 

On August 8, 2022, TGGI consummated a share exchange pursuant to a Share Exchange Agreement among the Company, ZXGBVI and Southsea, pursuant to which the Company acquired all the ordinary shares of ZXGBVI in exchange for the issuance to Southsea of an aggregate of 1,465,761,690 shares of the Company. As a result of the transactions contemplated by the Share Exchange, ZXGBVI became a wholly-owned subsidiary of the Company. TGGI saw a significant drop after the Company affected a 1:1,000 reverse stock split on October 5.  

醉仙归国际控股- 醉仙归国际控股TGGI subsidiary Zui Xian Gui Brewery Technology Limited was founded by Mr. Ren Chen who insisted on building Chinese flavored liquor and a Chinese liquor culture, building the brand with special quality and multi liquor culture, and striving to create a healthy and good wine belonging to China and the world. Zui Xian Gui Brewery was found in April 2019, has a total of 18 full-time employees and is principally engaged in the distribution and retail of the liquor for the China market, through online and offline channels. The Company’s headquarters principal executive offices are located in Shenzhen City, China offering products such as Zui Xian Gui International Classic, Zui Xian Gui International Premium, Zui Xian Gui International Collection, MOGU DAXIA and DangBing DeRen. Currently Zui Xian Gui Brewery has 162 distributors covering 136 cities in China.  

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TGGI

ImageOn October 11, TGGIs wholly-owned subsidiary, Shenzhen Zui Xian Gui Brewery Technology Limited “ZXGSZ” entered into an investment agreement with Guangzhou Jinxin Technology Service Limited “GJTS”, a PRC company, the major shareholder of Bi Xuan You Pin (Guangzhou) Limited (“BXYP”). BXYP is a PRC business company, which is 70% owned by GJTXS. Under the Agreement, 34% of the ownership interest of BXYP was purchased by the Company by the total amount of RMB 88,888.00 from GJTS. Immediately after completion of such share purchase, the Company will have a 34% ownership interest of the total equity of BXYP, with authorized total share capital of RMB 50,000,000. 

Consequently, after completion, the Company has the right to assign one or two persons to BXYP to serve as the directors, financial or management officer, to promote the corporate governance, and to participate in the operation and management. The Company shall bear the same proportion of the monthly expenses of BXYP according to the proportion of equity it holds. 

As of March 31, 2023, if BXYP dealer team achieves the revenue performance up to RMB 500 million ($73 Million USD) which is according to BXYP’s 2023 financial statements, TGGI will reward the dealer team its common stock equal to RMB 50 million market capitalization (calculated according to the market value on the day of issuance). If the target revenue performance is not reached, the corresponding shares will also be rewarded according to the actual revenue performance. The Company and TGGI will send teams to cooperate with BXYP’s financial audit work and conduct a comprehensive market value evaluation of BXYP’s e-commerce platform. After the valuation and audit, the Company and TGGI will consider to wholly acquire all the equity of BXYP for the reorganization through capital or stocks. 

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Currently trading at a $44 million market valuation TGGI os is 22,131,339,996 shares outstanding and as of the last filing the Company is virtually debt free. TGGI is a really exciting story developing in small caps; as we said new controlling shareholder Mr. Ren, along with TGGI president, Mr. Tang Jiacheng have long been very public about their intentions of making TGGI a global enterprise and uplisting the stock to a national market. Currently under heavy accumulation TGGI is rocketing northbound more than doubling over the past 2 trading days with a huge gap to fill from current levels. While TGGI makes big moves in China the stock has big momentum here, good liquidity, and a massive and growing shareholder base bidding TGGI higher. We will be updating on TGGI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in TGGI either long or short and we have not been compensated for this article.

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