Corporate GovernanceMay 18, 2026, 02:17 PM
LVPA: Dormant Shell Company with Significant Governance & Control Shifts
AI Summary
LVPAI Group Ltd. (LVPA) reported its status as a dormant shell company since November 2011, actively seeking an operating business. The company has undergone multiple significant management and ownership changes, including shifts in controlling shareholders and executive officers between 2021 and 2024. As of May 18, 2026, its non-affiliate market value was approximately $101.1 million, with 100.1 million shares outstanding. The company highlights substantial risks due to its executive officers and directors being located in or having significant ties to the PRC, including regulatory uncertainties and potential government intervention.
Key Highlights
- LVPAI is a dormant shell company since November 2011, actively seeking an operating business.
- As of May 18, 2026, non-affiliate market value was ~$101,104,134 at $1.01 per share.
- 100,103,103 common shares were issued and outstanding as of May 18, 2026.
- Yang Fuzhu became controlling shareholder (86.95% voting rights) on Jan 25, 2021, for $250,000.
- Chen Yuanhang and Frank Chen acquired 43.48% voting rights on Aug 12, 2022, for $172,500.
- Chen Yuanhang increased control to 65.36% voting rights on Dec 1, 2023, for $89,000.
- Multiple CEO, CFO, President, Secretary, Treasurer, and Director changes occurred between 2021 and 2024.
- Company highlights significant legal and regulatory risks due to China-based management.
Price Impact
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