SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Completion of a Material Definitive Agreement.
On Friday, July 15, 2024, New Asia Holdings Inc (NAHD or the Company) (OTCQB: NAHD), announced that pursuant to the Share Exchange Agreement (the “Exchange Agreement”) that it entered between the Company, Olenox Corp., a Wyoming corporation (“Olenox”), and Marble Trital Inc., as the sole shareholder of Olenox (the “Shareholder”) it has completed the acquisition from the Shareholder all of the issued and outstanding shares of common stock, par value $0.0001 per share, of Olenox in exchange for the issuance by the Company to the Shareholder of 224,305,833 shares of common stock, par value $0.001 per share, of the Company (the “Exchange”).
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Pursuant to the Share Exchange Olenox has become a wholly owned subsidiary of the Company. For Federal income tax purposes, the Exchange qualified as a reorganization under the provisions of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”).
The description of the Exchange Agreement set forth in this Item 1.01 was filed in Form 8-K on April 22, 2024 and is incorporated herein by reference herein this report.
The information in this Item 1.01 to this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| New Asia Holdings, Inc. | |
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Dated: July 15, 2024 | By: | / s/ Michael McLaren |
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| Name: Michael McLaren MSc. MBA |
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| Title: Chief Executive Officer |
Document and Entity Information |
Jul. 05, 2024 |
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| Details | |
| Registrant CIK | 0001485029 |
| Registrant Name | NEW ASIA HOLDINGS, INC. |
| SEC Form | 8-K |
| Period End date | Jul. 05, 2024 |
| Tax Identification Number (TIN) | 45-0460095 |
| Emerging Growth Company | false |
| Entity Incorporation, State or Country Code | NV |
| Securities Act File Number | 000-55410 |
| Entity Address, Address Line One | 205S Bailey Street |
| Entity Address, City or Town | Electra |
| Entity Address, State or Province | TX |
| Entity Address, Postal Zip Code | 76360 |
| Country Region | 1 |
| City Area Code | 940 |
| Local Phone Number | 205-1257 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Amendment Flag | false |