AB International Group Corp. (ABQQ) cancels 3.75B shares, about 46% of stock
Rhea-AI Filing Summary
AB International Group Corp. disclosed that it entered into and closed a major stock repurchase with Anyone Pictures Limited. The company bought back 3,750,000,000 shares of its common stock for an aggregate purchase price of $675,000, or about $0.00018 per share.
The repurchased shares represent approximately 46.1% of the company’s currently outstanding common stock, based on 8,121,527,432 shares outstanding as of the most recent practicable date before the deal. After closing, these shares were returned to treasury and canceled, meaning they are no longer outstanding. The transaction was completed on December 8, 2025, and relied on the private offering exemption under Section 4(a)(2), with the selling stockholder represented as an accredited investor.
Positive
- Repurchase and cancellation of 3,750,000,000 shares, equal to about 46.1% of outstanding common stock, materially reduces share count for a stated price of $675,000.
Negative
- None.
Insights
ABQQ retired about 46% of its common shares for $675,000, materially reshaping its equity base.
AB International Group Corp. executed a repurchase of 3,750,000,000 common shares from Anyone Pictures Limited for
Upon closing on
The Repurchase Agreement includes customary representations, warranties, and covenants, and was effective immediately upon execution. Future disclosures in periodic reports may show how the reduced share count interacts with earnings, book value, or other per-share metrics after the cancellation recorded on
FAQ
What major transaction did AB International Group Corp. (ABQQ) announce?
AB International Group Corp. entered into a Repurchase Agreement with Anyone Pictures Limited on December 8, 2025, under which it repurchased 3,750,000,000 shares of its common stock for an aggregate purchase price of $675,000.
How large is the ABQQ share repurchase relative to its outstanding stock?
The company states that the 3,750,000,000 repurchased shares represent approximately 46.1% of its currently outstanding common stock, based on 8,121,527,432 shares outstanding as of the most recent practicable date before the transaction.
What happens to the repurchased ABQQ shares after the transaction?
Upon closing on December 8, 2025, the repurchased shares were returned to AB International Group Corp.’s treasury and canceled, so they are no longer counted as outstanding common stock.
What price did AB International Group Corp. pay per share in this repurchase?
The filing discloses an aggregate purchase price of $675,000 for 3,750,000,000 shares, which equates to approximately $0.00018 per share of common stock.
Under what securities law exemption was the ABQQ share repurchase conducted?
The repurchase was conducted in reliance on the Section 4(a)(2) exemption of the Securities Act of 1933 as a transaction by an issuer not involving any public offering, and the stockholder represented that it is an accredited investor under Rule 501(a) of Regulation D.
Who was the counterparty to AB International Group Corp.’s repurchase agreement?
The Repurchase Agreement was executed between AB International Group Corp. and Anyone Pictures Limited, identified in the filing as the stockholder selling the 3,750,000,000 shares.