Laredo Resources Corp agrees to acquire 50% stake in Scurve inc, a global shopping mall in the U.S.

Rhea-AI Summary

Laredo Resources Corp (OTC PINK:LRDR) CEO Doo-ho Park has transferred 55 million shares of privately held stock to Gyu-chang Jeon, CEO of Scurve Inc., as part of an agreement for a 50% stake acquisition. This collaboration aims to establish a global network to provide OFTGcoin as a service, enhancing user experience in shopping malls. The coin is set to be listed on the BW.COM international exchange and J-bit.com in Korea, facilitating a major event to attract members. The press release includes cautionary notes about market risks and uncertainties.

Positive

• Strategic acquisition of 50% stake in Scurve Inc. enhances market presence.
• Expected launch of OFTGcoin could drive user engagement and revenue.
• Listing on BW.COM and J-bit.com enhances visibility and trading opportunities.

Negative

• Market uncertainties could impact the success of the acquisition.
• Potential regulatory challenges in establishing the new service.

LAS VEGAS, NV / ACCESSWIRE / May 16, 2021 / OTC registered Laredo Resources Corp (OTC PINK:LRDR) CEO Doo-ho Park recently transferred fifty-five million shares (55,000,000) of privately held shares to Gyu-chang Jeon, the CEO of US global shopping mall, Scurve inc. Gyu-Chang Jeon will then share 50% of the shares to Doo-ho Park. The company announced that it had signed an agreement to take over and proceeded with the stock transfer process through a lawyer in charge.

On this day, Scurve inc. US global shopping mall share acquisition agreement contained the contents of establishing a global network specialized company, such as providing OFTGcoin as a service to shopping mall users for a certain shopping amount, and establishing a DB by securing global members.

In addition, OFTGcoin announced that it is listing and trading on the BW.COM international exchange and J-bit.com, a Korean exchange, and will start a major event to secure more members.

Source: International News (http://www.gukjenews.com)

http://www.gukjenews.com/news/articleView.html?idxno=2219753

Cautionary Note: The news release contains forward-looking statements within the meaning of federal securities laws. The statements are based on current beliefs and looking-forward expectations that are subject to change. In addition, such anticipated statements are subject to suppositions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those expectations expressed in statements. Potential risks and uncertainties include, but not limited to, market conditions, government approvals, changes to proposed laws, and economic conditions within the industry. We do not take any obligation to update statements to reflect events after the statement was made.

CONTACT:

DooHo Park
tel:702-331-7394
email:lrdrcorp@gmail.com

SOURCE: Laredo Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/647650/Laredo-Resources-Corp-agrees-to-acquire-50-stake-in-Scurve-inc-a-global-shopping-mall-in-the-US

FAQ

What is the recent acquisition by Laredo Resources Corp (LRDR)?

Laredo Resources Corp (LRDR) has acquired a 50% stake in Scurve Inc., a US global shopping mall.

What are the terms of the share transfer between Doo-ho Park and Gyu-chang Jeon?

Doo-ho Park transferred 55 million shares to Gyu-chang Jeon, who will share 50% of those shares back with Park.

What is OFTGcoin and its significance for Laredo Resources Corp?

OFTGcoin is a service aimed at enhancing user experience in shopping malls, which Laredo plans to offer as part of the Scurve acquisition.

What exchanges will OFTGcoin be listed on?

OFTGcoin is set to be listed and traded on BW.COM and J-bit.com.

What risks are associated with Laredo Resources Corp's acquisition of Scurve Inc.?

Potential risks include market uncertainties and regulatory challenges that may affect business strategies.