UBUYHOLDINGS INC 8-K

What Happened
UBUYHOLDINGS INC filed an 8‑K (Item 8.01) on April 2, 2026 reporting that on March 30, 2026 it issued 5,402,988,580 shares of its common stock to AEI Capital Ltd upon conversion of 10,000,000 shares of Series A‑1 Preferred Stock owned by AEI. AEI is the company’s principal shareholder, and the company’s CEO, John Tan Honjian, is the principal shareholder of AEI. After the conversion, AEI owns 95% of UBUYHOLDINGS’ issued and outstanding common stock.

Key Details

• Conversion date: March 30, 2026; 8‑K filed April 2, 2026.
• Shares issued: 5,402,988,580 common shares issued to AEI Capital Ltd.
• Preferred converted: 10,000,000 shares of Series A‑1 Preferred Stock.
• Ownership post‑conversion: AEI holds 95% of the company’s issued and outstanding common stock.
• Corporate linkage: AEI is the principal shareholder of UBUYHOLDINGS; CEO John Tan Honjian is AEI’s principal shareholder.

Why It Matters
This transaction materially concentrates ownership and voting power in AEI Capital (and indirectly with CEO John Tan Honjian), leaving only about 5% of common stock held by other shareholders. That concentration can affect corporate governance, the ability of minority shareholders to influence company decisions, and the public float/liquidity of the stock. Retail investors should review the full 8‑K and other filings for any related governance changes or disclosures.