Stockholders' Equity

3 Months Ended

Aug. 31, 2013

5.	Stockholders' Equity

Common and Preferred Stock

The authorized share capital of the Company consists of 800,000,000 shares of common stock, par value $0.0001 per share, of which, as of September 23, 2013, 39,500,000 shares were issued and outstanding and 200,000,000 shares of preferred stock, par value $0.0001, of which no shares are issued and outstanding.

The voting, dividend and liquidation rights of the holders of the common stock are subject to and qualified by the rights of the holders of the preferred stock of any series. The holders of common stock are entitled to one vote for each share held at all the meetings of stockholders. Upon the dissolution or liquidation of the Company, holders of common stock will be entitled to receive ratably all the assets of the Company available for distribution, subject to any preferential rights of any then outstanding preferred stock.

On August 12, 2013, the Company entered into and closed a share exchange agreement (the "Exchange Agreement") with Sinan Bilgin (the "Shareholder"). Pursuant to the Exchange Agreement, the Shareholder transferred to the Company 700,000 shares of common stock of Cosmos Yatirim Ortakligi A.S. ("Cosmos"), representing approximately 11.67% of the outstanding shares of Cosmos, in exchange for 1,500,000 newly issued shares of the Company's common stock. Cosmos is an investment company based in Istanbul, Turkey that invests in a variety of security types in Turkey. The company commenced a program to liquidate its holding in Cosmos, The liquidation of the Company's interest in Cosmos should be completed shortly.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

UCP HOLDINGS, INC. 10-Q