China Yibai United Guarantee International Holding Inc (OTCMKTS:CBGH) Stock Jumps After The Acquisition News

There were a number of stocks which had ended up with considerable gains this past Friday and one of those was the China Yibai United Guarantee International Holding Inc (OTCMKTS:CBGH) stock, which clocked gains of as much as 20%.

Trading Data

On Friday, CBGH stock surged 20% to $0.0132 with more than 1.51K shares, compared to its average volume of 4.72K shares. The stock moved within a range of $0.0132 – 0.0132 after opening trade at $0.0132.

China Yibai United Guarantee International Holding Inc. Completes the Transaction to Acquire TidyCall Inc.

In light of such gains, it is likely that the stock may come into focus today among investors and hence, it may be a good time to take a look at the announcement from the company on Friday. The company announced at the time that it had completed the transaction for the acquisition of 100% of the outstanding and issued shares of the company TidyCall Inc.

TidyCall is a Canadian company and the transaction was completed by China Yibai United by amending the share purchase agreement that had been announced back on April 28 this year. It was back on July 25 this year that China Yibai United and TidyCall both made filings with FINRA for a reverse stock split and a name change.

After the completion of the transaction, the total number of outstanding shares with China Yibai United remained the same and that made up as much as 38.69% of all the shares. It may be a good idea to keep an eye on the stock today.