Corporate ActionApr 29, 2026, 12:21 PM
IBL Completes Reorganization; Issues 17.19M Class A, 2.5M Class B Shares
AI Summary
I Bella Perfect Inc. completed a reorganization on July 20, 2025, issuing an aggregate of 17,187,500 Class A Ordinary Shares in exchange for 100% equity interest of I Bella Perfect Holdings Limited. Additionally, 2,500,000 Class B Ordinary Shares were issued to Arrow Peak Sdn. Bhd. The company also detailed its indemnification policies for directors and officers under BVI law, noting the SEC's stance against indemnification for Securities Act liabilities.
Key Highlights
- Reorganization completed on July 20, 2025.
- Issued 17,187,500 Class A Ordinary Shares for 100% equity of I Bella Perfect Holdings Limited.
- Issued 2,500,000 Class B Ordinary Shares to Arrow Peak Sdn. Bhd. on July 20, 2025.
- Yen Tsing Then received 1,595,745 Class A Ordinary Shares on July 20, 2025.
- Arrow Peak Sdn. Bhd. also received 5,869,531 Class A Ordinary Shares.
- Company provides indemnification for directors and officers under BVI law.
- SEC deems indemnification for Securities Act liabilities against public policy.