SUBSEQUENT EVENTS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS
On June 4, 2026, our wholly owned subsidiary, Forward Win International Limited (“FWIL”) which is principally engaged in trading and leasing of its owned properties in Hong Kong, entered into an agreement with two unrelated parties (collectively named “Buyers”) respectively for the sale of all its owned properties (the “Properties”) at total proceeds of HK$3,200,000, equivalent to approximately $408,000 (the “Transaction”).
On July 6, 2026, the Transaction was completed upon the transfer of ownership of the Properties to Buyers and receipt of the sales proceeds. Since the Transaction, FWIL has disposed of all the Properties.
On June 18, 2026, the board of directors and stockholders of the Company approved a 1-for-10 (1:10) reverse stock split of the Company’s Common Stock. The reverse stock split will become effective at the market open on August 6, 2026. As a result of the reverse stock split, every 10 shares of the Company’s issued and outstanding Common Stock will automatically combine into 1 share of Common Stock. No fractional shares will be issued as a result of the reverse stock split. Fractional shares that would otherwise have been issued as a result of the reverse stock split will be rounded up to the nearest whole share. Accordingly, stockholders who otherwise would have been entitled to receive a fractional share will receive one whole share of Common Stock in lieu of such fractional share, without payment of any cash or other consideration. The par value of $ and the total number of authorized shares of Common Stock remains unchanged. |