XML 1016 R7.htm IDEA: XBRL DOCUMENT v3.21.2
DESCRIPTION OF BUSINESS AND ORGANIZATION
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
DESCRIPTION OF BUSINESS AND ORGANIZATION    
NOTE 1 - DESCRIPTION OF BUSINESS AND ORGANIZATION

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

 

New Momentum Corporation (formerly known as Eason Education Kingdom Holdings, Inc.) (the “Company”) was incorporated under the law of the State of Nevada on July 1, 1999. The Company through its subsidiaries, mainly operates a smartphone application to provide the online platform with “Book Now, Pay Later” flight booking service for travelers among over 500 airlines worldwide to search and secured their tickets. With a simple, user-friendly interface, the Company enables customers to arrange and book the multiple-stop itineraries, and to check their bookings through official airline websites using the Gagfare booking reference number on http://presscentre.asia/gagfare.html.

 

Description of subsidiaries

 

Name

 

Place of incorporation

and kind of legal entity

 

Principal activities

 

Particulars of registered/

paid up sharecapital

 

Effective

interest held

 

 

 

 

 

 

 

 

 

NEMO Holding Company Limited

 

British Virgin Islands

 

Investment holding

 

10,000 ordinary shares at par value of US$1

 

100%

 

 

 

 

 

 

 

 

 

Gagfare Limited

 

Hong Kong

 

Travel agency

 

500,000 ordinary share of HK$500,000

 

100%

 

 

 

 

 

 

 

 

 

Beyond Blue Limited

 

Hong Kong

 

Event organizer

 

1 ordinary share of HK$1

 

100%

 

 

 

 

 

 

 

 

 

New Momentum Asia Pte. Ltd.

 

Singapore

 

Investment holding

 

1 ordinary share of SGD 1

 

100%

 

 

 

 

 

 

 

 

 

JPOPCOIN Limited

 

Hong Kong

 

Administrative service

 

5 ordinary share of HK$5

 

100%

 

The Company and its subsidiaries are hereinafter referred to as (the “Company”).