XML 18 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
COMMON STOCK
6 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
NOTE 3 - COMMON STOCK

On February 28, 2014, the Company issued 259,000,000 common shares to the sole director and President of the Company for cash proceeds of $5,000.

 

On April 5, 2015, the Company issued 4,001,757 shares of its common stock for $3,090 in cash.

 

On April 23, 2015 the directors of the Company increased its Share Capital from 75,000,000 authorized common shares to 200,000,000 authorized common shares with the same par value of $0.001 per share. No preferred shares have been authorized or issued.

 

On April 23, 2015, the directors of the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 518 new common shares for 1 old common share. All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 518:1 forward split have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.

 

On April 24, 2015, the founding shareholder of the Company returned 252,997,416 restricted shares of common stock to treasury and the shares were subsequently cancelled by the Company.

  

Subsequent to the period ending September 30, 2016 on October 3, 2016, the directors of the Company approved a special resolution to undertake a reverse split of the common stock of the company on a basis of 1 new common shares for 10 old common shares. The effective date of the reverse split was October 24, 2016. All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 1-for-10 reverse split have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.