Asia Broadband (AABB) Stock News

Asia Broadband (OTC: AABB) has announced the commencement of its stock dividend distribution. Shareholders of record as of July 10, 2025 will receive 1 dividend share for every 35 shares owned, totaling over 100 million restricted common shares.

The dividend distribution will be processed by AABB's transfer agent, with most shareholders receiving shares through their brokers or investment firms. Registered shareholders will receive dividend shares directly by mail. Additionally, the company plans to release an update next week regarding Phase 2 production line equipment integration from China.

Asia Broadband (OTC:AABB) has received a significant delivery of additional production line processing equipment from Mecru Heavy Industry Technology Co. Ltd. in China for its newly opened facility in Etzatlan, Mexico. The delivery consists of 6 containers of equipment, with the remaining 4 containers expected to arrive in early August 2025.

This equipment is designated for the company's Phase 2 second line of production processing operations, which is planned for installation and integration later in 2025. The facility, which opened in April 2025, will see enhanced processing capabilities once the Phase 2 line is operational.

Asia Broadband Inc. (OTC: AABB) has launched its next-generation Merchant Point-of-Sale (QR POS) platform for merchant registration. The blockchain-based payment platform features QR code payment processing integrated with the upcoming AABBG Wallet, offering low-cost transactions with higher spending limits. The system has been tested in El Salvador, serving as AABB's digital product distribution hub for Central and South America. Key features include transaction history tracking, basic statistics for earnings, QR code payment requests, balance viewing, and mobile-friendly design. Merchants registering early will receive priority onboarding and the opportunity to influence product development through feedback sessions.

Asia Broadband (OTC: AABB) has announced a stock dividend for shareholders of record as of July 10, 2025. The dividend will be distributed at a ratio of 1 share for every 35 shares owned, representing over 100 million restricted common shares. The distribution will be processed by AABB's transfer agent after the record date, with most shareholders receiving shares through their brokers. The company is also planning to implement quarterly or semi-annual stock dividends in the future. This initiative aims to reward loyal shareholders for their support of AABB's gold mining and digital assets operations. Additionally, the company mentioned ongoing discussions and evaluations regarding a potential large mining property acquisition.

Asia Broadband (OTC: AABB) has announced approval of a new stock dividend, offering 1 dividend share for every 35 shares owned, totaling over 100 million restricted shares to be distributed. The company is finalizing the record date and distribution details with its transfer agent, with further information expected next week. Additionally, AABB confirmed that all previously submitted dividend shares will have their restrictions lifted immediately. This initiative aims to reward loyal shareholders for their support of the company's gold mining and digital assets operations.

Asia Broadband (OTC: AABB) has launched a new legal action program targeting specific market makers on OTC Markets suspected of price manipulation. The company is adopting an alternative approach to gather historical trade and position data to strengthen their legal case. This initiative comes in response to numerous shareholder complaints alleging that AABB's share price has been artificially suppressed through deceptive trading practices by certain market makers. The company aims to eliminate price manipulation and ensure fair market price determination for its shares.

Asia Broadband (OTC: AABB) has completed a week of shareholder tours at its new gold and silver ore processing facility in Etzatlan, Mexico. The facility features two production lines: a mineral flotation process with 500 tons per day capacity and a cyanidation process starting September 2025. The flotation line targets initial production of 350 tons daily, projecting $2.17M in net revenue for the first 3 months and $11.47M in the first year. The cyanidation line aims for 200 tons daily, expecting to generate $2.55M in the first 4 months and $15.33M in its first year. Production costs are estimated at $56.75 per ton. The facility includes an on-site lab and testing program to optimize operations. During the tours, commemorative silver coins were given to the largest shareholder each day, revealing a >5% stakeholder among participants.

Asia Broadband (OTC: AABB) has completed the sale of its Bonanza Gold mine in Acaponeta, Nayarit, Mexico to Industrias Friesen for a total consideration of $25 million plus royalties. The deal includes $14.8 million in cash, a $10.2 million earn-out payment, a $2 million promissory note, and an ongoing 2% net smelter returns (NSR) royalty. The strategic sale allows AABB to strengthen its financial position and redirect focus towards high-grade mineral assets near its new processing plant in Etzatlan, Jalisco. The company aims to optimize its development capital utilization by concentrating operations in specific Mexican regions where it can leverage existing resources and expertise for rapid expansion.

Asia Broadband has signed a Letter of Intent to sell its Bonanza mineral property in Acaponeta, Nayarit, Mexico. The company expects to finalize and announce the sale next week, with proceeds aimed at strengthening its financial position.

The strategic move allows AABB to concentrate on high-grade mineral asset investments near their new processing plant in Etzatlan, Jalisco. This regional focus in Mexico provides AABB with a competitive advantage, leveraging local development resources and expertise for rapid expansion.

The decision aligns with AABB's mining property portfolio strategy to optimize development capital utilization, building on their previous gold production success through focused regional operations.