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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/18/20 Ecco Auto World Corp 8-K:1,2,5,9 9/30/19 55:2.7M M2 Compliance/FA |
Document/Exhibit Description Pages Size
1: 8-K Current Report HTML 44K
2: EX-1 Underwriting Agreement HTML 48K
3: EX-2 Plan of Acquisition, Reorganization, Arrangement, HTML 155K
Liquidation or Succession
4: EX-3 Articles of Incorporation/Organization or Bylaws HTML 149K
5: EX-4 Instrument Defining the Rights of Security Holders HTML 69K
55: R1 Document and Entity Information HTML 30K
25: R2 Condensed Consolidated Balance Sheets HTML 75K
20: R3 Condensed Consolidated Statement of Operation and HTML 51K
Comprehensive Income
38: R4 Condensed Consolidated Statement of Changes in HTML 42K
Stockholders' Equity
53: R5 Condensed Consolidated Statement of Cash Flows HTML 71K
24: R6 Description of Business and Organization HTML 30K
19: R7 Summary of Significant Accounting Policies HTML 75K
40: R8 Plant and Equipment HTML 29K
50: R9 Share Capital HTML 25K
41: R10 Other Payables and Accrued Liabilities HTML 29K
52: R11 Income Taxes HTML 45K
27: R12 Deferred Revenue HTML 36K
18: R13 Subsequent Events HTML 23K
39: R14 Summary of Significant Accounting Policies HTML 106K
(Policies)
51: R15 Description of Business and Organization (Tables) HTML 24K
26: R16 Summary of Significant Accounting Policies HTML 29K
(Tables)
17: R17 Plant and Equipment (Tables) HTML 27K
37: R18 Other Payables and Accrued Liabilities (Tables) HTML 27K
54: R19 Income Taxes (Tables) HTML 44K
32: R20 Deferred Revenue (Tables) HTML 36K
14: R21 Description of Business and Organization (Details HTML 21K
Narrative)
43: R22 Description of Business and Organization (Details HTML 21K
Narrative) (10-K)
47: R23 Description of Business and Organization - HTML 25K
Schedule of Company's Subsidiary (Details)
31: R24 Summary of Significant Accounting Policies HTML 26K
(Details Narrative)
13: R25 Summary of Significant Accounting Policies HTML 26K
(Details Narrative) (10-K)
42: R26 Summary of Significant Accounting Policies - HTML 23K
Schedule of Estimated Useful Lives of Property and
Equipment Annual Rates (Details)
46: R27 Summary of Significant Accounting Policies - HTML 25K
Schedule of Foreign Currency Translation, Exchange
Rate Used (Details)
33: R28 Plant and Equipment (Details Narrative) HTML 21K
12: R29 Plant and Equipment (Details Narrative) (10-K) HTML 21K
21: R30 Plant and Equipment - Schedule of Plant and HTML 28K
Equipment (Details)
29: R31 Share Capital (Details Narrative) HTML 33K
48: R32 Share Capital (Details Narrative) (10-K) HTML 33K
35: R33 Other Payables and Accrued Liabilities (Details HTML 21K
Narrative)
22: R34 Other Payables and Accrued Liabilities (Details HTML 21K
Narrative) (10-K)
30: R35 Other Payables and Accrued Liabilities - Schedule HTML 28K
of Other Payables and Accrued Liabilities
(Details)
49: R36 Income Taxes (Details Narrative) HTML 25K
36: R37 Income Taxes (Details Narrative) (10-K) HTML 23K
23: R38 Income Taxes - Schedule of Local and Foreign HTML 32K
Components of Income (Loss) Before Income Tax
(Details)
28: R39 Income Taxes - Schedule of Provision for Income HTML 34K
Taxes (Details)
15: R40 Deferred Revenue - Schedule of Deferred Revenue HTML 20K
(Details)
34: R41 Deferred Revenue - Schedule of Changes in Deferred HTML 25K
Revenue (Details)
44: XML IDEA XML File -- Filing Summary XML 95K
16: EXCEL IDEA Workbook of Financial Reports XLSX 41K
6: EX-101.INS XBRL Instance -- ecco-20190930 XML 627K
8: EX-101.CAL XBRL Calculations -- ecco-20190930_cal XML 103K
9: EX-101.DEF XBRL Definitions -- ecco-20190930_def XML 476K
10: EX-101.LAB XBRL Labels -- ecco-20190930_lab XML 326K
11: EX-101.PRE XBRL Presentations -- ecco-20190930_pre XML 467K
7: EX-101.SCH XBRL Schema -- ecco-20190930 XSD 85K
45: ZIP XBRL Zipped Folder -- 0001493152-20-002669-xbrl Zip 58K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 18, 2020
ECCO AUTO WORLD CORP.
(Exact name of registrant as specified in its charter)
| Nevada | 333-218334 | 30-0943638 | ||
| (State
or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS
Employer Identification No.) |
Unit C, 4/F, China Insurance Building, 48 Cameron Road, Tsim Sha Tsui,
Kowloon, Hong Kong
(Address of principal executive offices (zip code))
++852 8134 5953
(Registrant’s telephone number, including area code)
(Registrant’s email address)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | Trading Symbol(s) | Name of each exchange on which registered: | ||
| Common Stock | EAWC | The OTC Market – Pink Sheets |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a - 12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13d-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
C:
Item 1.01 Entry into Material Definitive Agreement
The information provided in Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 2.01 Completion of Acquisition or Disposition of Assets
Acquisition of Free Share X- Change Limited and its subsidiary
On February 17, 2020, Ecco Auto World Corp (the “ECCO”) and Mr Joson Yeo Hung Kwang Mr Chai Kok Leong and Mr Loke Che Chan, Gilbert, each representing 49.5% ,49.5% and 1% shareholding of Free Share X- Change Limited, an Anguilla corporation, (“FSX”) entered into a Sale and Purchase Agreement (the “FSX Purchase Agreement”), pursuant to which ECCO acquired 100% of the issued and outstanding shares of FSX (the “Acquisition”). As consideration thereof, ECCO agreed to paid cash consideration of US$15 to the sharaeholders
Mr Joson Yeo Hung Kwang , is a director of ECCO and also director of FSX. Mr Loke Che Chan, Gilbert owned 2% of the issued and outstanding shares of ECCO.
FSX wholly owned a subsidiary Vtrade Technology Sdn Bhd, (the “Vtrade”) in Malaysia, is a private Limited company incorporated in July 12th, 2018
FSX and its subsidiary, is engaged in providing system and software development, Information technology (IT) consultancy and managed services. The business of wholly owned subsidiary engaged is as set forth below:
| Name | Business services | |
Vtrade Technology Sdn Bhd (Incorporated in Malaysia) |
Providing software development, Information Technology consultancy, providing maintenance and managed services for the developed software and system. It focuses on Hong Kong and Malaysia clients |
The following are the services offered by the Group:
a) system specification and design requirement scoping consultation
b) assessment of system security architectures services
c) review and design of system framework services
d) review and design of security protocol services
e) security review of existing systems and infrastructure
f) recommending the most appropriate security infrastructure compliance
g) solution design documentation services
h) project management services
i) software / application development
j) software / application maintenance & managed services
C:
Corporate Organizational Chart of FSX
As a result of the acquisition of all the issued and outstanding shares of Free Share X-Change Limited, ECCO have now assumed Free Share X-Change business operations as its own business operation and believe that the acquired entities will broaden the range of services and also the enhance the capacity for the Company to further expand to market in Asia especially to China and Taiwan.
The foregoing description of the FSX Purchase Agreement is a summary only and is qualified in its entirety by the copy of the Agreement filed in its Form 8-K filed on February 18 2020.
ITEM 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 18, 2020, Mr. Yiap Soon Keong resigned as the Chief Executive Officer for the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On February 18, 2020, the Board of Directors of the Company appointed Jason Wong Chee Hon as the Chief Executive Officer of the Company.
The biography for the new Chief Executive Officer of the Company is set forth below:
Mr. Jason Wong Chee Hon, has more than 20 years working in management consultancy, start-ups, banking and insurance industry with significant experience in many areas of technology delivery and strategic innovation in financial system. Has managed and delivered multiple enterprise and digital projects for banks and insurance companies. Brain child of innovative products, technologies & R&D development in banking, financial services and Insurance and Fintech. Mr. Jason is the co-founder and director of IMocha Sdn Bhd since year 2003, his role include providing technology and software solutions to banks, insurance, fintech and corporate clients in the area of financial, payments, insurance, banking and automation solutions. This primarily covers delivering custom and proprietary web & mobile applications as well as consultation services. He acts as an advisory and business development role for these businesses.
Mr. Jason graduated from University of Glasgow, Scotland, his experience in technology product development has led the Board of director to reach a conclusion that he should serve as the director of the Company. On February 18, 2020, Mr. Jason was appointed as the Chief Executive Officer of the Company.
C:
Item 9.01 Financial Statements and Exhibits.
| (a) | Financial Statements of Business Acquired. |
| 1. | Audited consolidated financial statements of FSX for the fiscal years ended March 31, 2019 and 2018. | |
| 2. | Unaudited consolidated financial statements of FSX for the six months ended September 30, 2019 and 2018 |
| (b) | Pro Forma Financial Information. |
Filed herewith is the unaudited pro forma condensed consolidated financial information of the Company and its subsidiaries.
| (d) | Exhibits. |
The following exhibits are furnished with this report:
C:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ECCO AUTO WORLD CORPORATION | ||
| By: | /s/ JASON WONG CHEE HON | |
| Name: | JASON WONG CHEE HON | |
| Title: | President Treasurer, Secretary, Director | |
Dated: February 18, 2020
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 2/18/20 | |||
| 2/17/20 | ||||
| For Period end: | 9/30/19 | 10-Q | ||
| 3/31/19 | 10-K, NT 10-K | |||
| 9/30/18 | 10-Q, NT 10-Q | |||
| 3/31/18 | 10-QT | |||
| List all Filings | ||||