JP3E Holdings Inc establishes Datang International Trading Co. Ltd as Joint Venture in South Korea with China Datang Holdings Group Corp. Ltd, Acquiring JP3E Preferred Shares, Providing Funding to Facilitate $2,800,000,000 in Copper and Gold Sales, agreeing to extend to LNG trading worldwide
JP3E Holdings Inc (OTC: SPZI) has established Datang International Trading Co. as a joint venture in South Korea with China Datang Holdings Group Corp. The partnership involves Datang acquiring JP3E Preferred Shares to facilitate $2.8 billion in copper and gold sales transactions.
The deal includes $35 million specifically for gold and copper transactions, with copper deliveries starting March 17, 2025, comprising a 1,000 MT trial shipment followed by 20,000 MT monthly shipments over 12 months. The gold business will represent approximately 25% of total sales. The company expects to generate over 20% gross profit margins with 10% net profit margins.
Additionally, both parties agreed to expand into worldwide LNG trading. The company is executing a 1-15 reverse split and pursuing NASDAQ listing requirements. JP3E's ticker SPZI is expected to change in the coming days, with a new CUSIP number 84915Q209.
JP3E Holdings Inc (OTC: SPZI) ha istituito la Datang International Trading Co. come joint venture in Corea del Sud con il China Datang Holdings Group Corp. La partnership prevede che Datang acquisisca azioni privilegiate di JP3E per facilitare 2,8 miliardi di dollari in transazioni di vendita di rame e oro.
Il contratto include 35 milioni di dollari specificamente per transazioni di oro e rame, con le consegne di rame che inizieranno il 17 marzo 2025, comprendendo una spedizione di prova di 1.000 MT seguita da spedizioni mensili di 20.000 MT per 12 mesi. L'attività legata all'oro rappresenterà circa il 25% delle vendite totali. L'azienda prevede di generare oltre 20% di margini di profitto lordo con 10% di margini di profitto netto.
Inoltre, entrambe le parti hanno concordato di espandersi nel commercio mondiale di GNL. L'azienda sta eseguendo uno split inverso 1-15 e perseguendo i requisiti per la quotazione al NASDAQ. Si prevede che il ticker di JP3E, SPZI, cambierà nei prossimi giorni, con un nuovo numero CUSIP 84915Q209.
JP3E Holdings Inc (OTC: SPZI) ha establecido Datang International Trading Co. como una empresa conjunta en Corea del Sur con China Datang Holdings Group Corp. La asociación implica que Datang adquiera acciones preferentes de JP3E para facilitar 2.8 mil millones de dólares en transacciones de venta de cobre y oro.
El acuerdo incluye 35 millones de dólares específicamente para transacciones de oro y cobre, con entregas de cobre comenzando el 17 de marzo de 2025, que comprenden un envío de prueba de 1,000 MT seguido de envíos mensuales de 20,000 MT durante 12 meses. El negocio del oro representará aproximadamente el 25% de las ventas totales. La empresa espera generar más de 20% de márgenes de ganancia bruta con 10% de márgenes de ganancia neta.
Además, ambas partes acordaron expandirse al comercio mundial de GNL. La empresa está realizando un split inverso de 1-15 y persiguiendo los requisitos de cotización en NASDAQ. Se espera que el ticker de JP3E, SPZI, cambie en los próximos días, con un nuevo número CUSIP 84915Q209.
JP3E Holdings Inc (OTC: SPZI)는 중국 다탱 홀딩스 그룹과 함께 한국에 다탱 국제 무역 회사를 합작 투자로 설립했습니다. 이 파트너십은 다탱이 JP3E 우선주를 인수하여 28억 달러의 구리 및 금 판매 거래를 촉진하는 것을 포함합니다.
이번 거래는 금과 구리 거래를 위해 3,500만 달러를 포함하며, 구리 배송은 2025년 3월 17일부터 시작되며, 1,000 MT의 시험 배송 후 12개월 동안 매월 20,000 MT의 배송이 이루어질 예정입니다. 금 사업은 전체 매출의 약 25%를 차지할 것입니다. 회사는 20% 이상의 총 이익률과 10%의 순이익률을 생성할 것으로 예상하고 있습니다.
또한 양측은 세계적인 LNG 거래로 확장하기로 합의했습니다. 회사는 1-15 역분할을 실행하고 NASDAQ 상장 요건을 추구하고 있습니다. JP3E의 티커 SPZI는 앞으로 며칠 내에 변경될 예정이며, 새로운 CUSIP 번호는 84915Q209입니다.
JP3E Holdings Inc (OTC: SPZI) a établi Datang International Trading Co. en tant que coentreprise en Corée du Sud avec China Datang Holdings Group Corp. Le partenariat implique que Datang acquière des actions privilégiées de JP3E pour faciliter 2,8 milliards de dollars de transactions de vente de cuivre et d'or.
L'accord comprend 35 millions de dollars spécifiquement pour les transactions d'or et de cuivre, avec des livraisons de cuivre commençant le 17 mars 2025, comprenant un envoi d'essai de 1 000 MT suivi d'envois mensuels de 20 000 MT pendant 12 mois. L'activité liée à l'or représentera environ 25 % des ventes totales. L'entreprise s'attend à générer plus de 20 % de marges bénéficiaires brutes avec 10 % de marges bénéficiaires nettes.
De plus, les deux parties ont convenu de s'étendre au commerce mondial de GNL. L'entreprise effectue une division inversée de 1-15 et poursuit les exigences de cotation au NASDAQ. Le ticker de JP3E, SPZI, devrait changer dans les prochains jours, avec un nouveau numéro CUSIP 84915Q209.
JP3E Holdings Inc (OTC: SPZI) hat die Datang International Trading Co. als Joint Venture in Südkorea mit der China Datang Holdings Group Corp. gegründet. Die Partnerschaft beinhaltet, dass Datang bevorzugte Aktien von JP3E erwirbt, um 2,8 Milliarden Dollar an Kupfer- und Goldverkaufs Transaktionen zu erleichtern.
Der Deal umfasst 35 Millionen Dollar speziell für Gold- und Kupfertransaktionen, wobei die Kupferlieferungen am 17. März 2025 beginnen, einschließlich einer Testlieferung von 1.000 MT, gefolgt von monatlichen Lieferungen von 20.000 MT über 12 Monate. Das Goldgeschäft wird etwa 25% des Gesamtumsatzes ausmachen. Das Unternehmen erwartet, über 20% Bruttogewinnmargen und 10% Nettogewinnmargen zu erzielen.
Darüber hinaus haben beide Parteien zugestimmt, in den weltweiten LNG-Handel zu expandieren. Das Unternehmen führt einen 1-15 Reverse-Split durch und verfolgt die Anforderungen für eine NASDAQ-Notierung. Der Ticker von JP3E, SPZI, wird in den kommenden Tagen voraussichtlich geändert, mit einer neuen CUSIP-Nummer 84915Q209.
- $2.8 billion in secured copper and gold sales contracts
- $35 million dedicated funding for gold and copper transactions
- 20% gross profit margins and 10% net profit margins expected
- Expansion into global LNG trading markets
- Strategic partnership with major Chinese providing funding
- Progress toward NASDAQ uplisting
- 1-15 reverse stock split may impact current shareholders
- Complex international operations across multiple jurisdictions increase operational risks
- Heavy dependence on new joint venture partner for funding
This funding resolves the sole historical obstacle to closing these formidable transactions
SOMERSET, N.J., March 20, 2025 (GLOBE NEWSWIRE) -- JP 3E Holdings, Inc. (“JP3E”) formerly Spooz, Inc. (OTC: SPZI), a provider of innovative financial and commodity trading solutions, announces that Datang International Trading Co,, Ltd in South Korea is established between China Datang Holdings Group Corp. Ltd and JP3E, by acquiring JP3E Preferred Shares to assume control and to provide Trade Financing and actual Funding. This will facilitate existing contracts for the purchase of gold and copper cathodes with total sales of over
The copper transaction will consist of a 1,000 MT trial shipment with subsequent shipments of 20,000 MT per month over the next 12 months. Additionally, the gold b2b business model for the Gold USA Citizen Visa Investment has been activated and will constitute approximately
Copper cathode being shipped as of March 17, 2025 - “大唐国投控股” Datang National Investment Holding Group Corp. LTD Externally referred to as Datang Holdings Group
Datang Holdings Group: A Driving Force in China’s New Economic Paradigm
Since the successful convening of the 18th National Congress of the Communist Party of China, Datang Holdings Group has emerged as a vital force in implementing the nation’s security and development strategies under the new economic paradigm.
With a mission to integrate and innovate financial solutions to optimize modern productivity and production relations, the company actively collaborates with the technology sector and the real economy to promote the healthy development of national informatization, industry branding, and domestic product localization.
Since its establishment, Datang Holdings Group has set up more than 40 directly affiliated subsidiaries and has continually expanded its business scope through mergers and acquisitions as well as the establishment of new subsidiaries. The company’s diversified business portfolio spans a wide range of industries, including: Renewable energy generation, Ecological and environmental protection (carbon neutrality technologies), Oil and gas field technical services, Chemical industry, International trade in petroleum and natural gas, Port and warehousing logistics, Shipbuilding, Radar and satellite communications, Information technology, cloud computing, and the Internet of Things (IoT), Railway equipment, Water services, Agricultural and forestry industries, Biopharmaceuticals, Finance, Tourism, film and cultural industries.
Datang Holdings Group serves as an industrial-financial integration platform, leveraging multi-channel capital investment and operations to support national strategies. Its investment focus is primarily on foundational industries, resource-based industries, cutting-edge technologies, and emerging industries.
Highlights about China Datang Holdings Group Corp. Ltd
Datang Holdings carries out national security development strategies, integrating resources allocation, seeking international development while sticking to local culture. At the same time, by participating in the "one belt one road" strategy, Datang Holdings goes out of China to develop its international horizon.
The assets of subsidiaries and affiliated branches are distributed across all 31 provinces, autonomous regions, and municipalities in China, as well as in the Hong Kong Special Administrative Region and various overseas locations.
John K. Park will continue to serve the company as Chairman and CEO, overseeing directly the new copper and gold contracts to be executed. John K. Park will form a new team of personnel to put in place to manage and guide the company to its next level in obtaining NASDAQ requirements and qualifications.
JP3E, trading under the ticker SPZI, anticipates its name change through FINRA to JP 3E Holdings, Inc. to be effective with its new trading symbol in the coming days. Our new CUSIP number is 84915Q209. The company is also in the process of executing a 1-15 reverse split to better position JP3E to meet NASDAQ qualifications.
QUAN HAIFENG, CEO of China Datang Holdings Group Corp. Ltd, exclaimed: “We are excited to be joining JP3E as our means to enter into the US public market.”
John K. Park, CEO, Chairman and President of JP3E states: “I have been working abroad for the past 6+ months, traveling, often with staff members, internationally, back and forth between Korea, Zambia, Singapore, Congo and Dubai. Those trips were to complete due diligence and to negotiate and facilitate several contracts, necessitating incredible detail and arranging countless different logistical nuances to facilitate secure commodity transport. This includes metallurgical refinery facilities for purity testing and product modification to meet customer demands. To achieve not only industry standards, but express customer specifications, I dealt with requisite security measures, taxes, and a myriad of other issues to diligently and strategically negotiate pricing and payment timing to ensure contract completion."
More information about Datang Holdings Corp will be placed under the company’s Research tab on OTC Markets: https://www.otcmarkets.com/stock/SPZI/research
To receive information on JP3E, sign up for email news alerts at https://www.jp3e.com/subscription
About China Datang Holdings Group Corp. Ltd
China Datang Holdings Group Corp. Ltd. (hereinafter referred to as "China Datang Holdings") was established in 2002. In 2014, the company underwent a strategic reorganization, integrating and acquiring multiple enterprises critical to national strategic industries. Over the years, it has grown into a comprehensive industrial conglomerate, with core businesses spanning satellite communications, information technology, petrochemical energy, renewable energy generation, environmental protection, agriculture and forestry, finance, trade and logistics, and emerging industries.
China Datang Holdings operates extensively across all 31 provinces, autonomous regions, and municipalities in China, including the Hong Kong Special Administrative Region, as well as in over 10 countries and regions, including Russia, Kazakhstan, Uzbekistan, Dubai, Indonesia, Singapore, South Korea, Taiwan and Japan.
As of the end of 2024, the company’s core businesses, including energy, information technology, and satellite communications, accounted for over
About JP 3E Holdings, Inc.
JP3E is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors. With a commitment to sustainability and market leadership, JP3E continues to drive new trends and solutions in global commodity markets.
Company Contact:
John K. Park, CEO, President, and Chairman
john.park@jp3eholdings.com
732-241-0598 (Office)
Websites: https://www.jp3e.com/
https://www.jp3eholdings.com/
X: https://x.com/SpoozInc
Facebook: http://www.Facebook.com/SpoozInc
E-Mail: info@jp3e.com
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). The Companies caution that statements, and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, and estimates made by management. Actual results could differ materially from current projections or implied results. The Companies undertake no obligation to revise these statements following the date of this news release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/148fff32-05a9-43c4-89f8-97584de727a8
https://www.globenewswire.com/NewsRoom/AttachmentNg/59b52a30-ae3e-46f7-b346-6d0c3384a094
FAQ
What is the total value of copper and gold sales contracts for SPZI's joint venture?
What are the expected profit margins for SPZI from these commodity transactions?
What is the monthly copper delivery schedule for SPZI's new contract?
How is SPZI preparing for NASDAQ listing requirements?
What percentage of SPZI's $2.8 billion sales will come from gold trading?
