In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Value Exchange International Inc. (OTCMKTS:VEII) reported that Tsang Po Yee Bella has picked up 6,905,461 of common stock as of 2017-05-24.
The acquisition brings the aggregate amount owned by Tsang Po Yee Bella to a total of 6,905,461 representing less than 23.3% stake in the company.
For those not familiar with the company, Value Exchange International, Inc., formerly Sino Payments, Inc., is a credit card processing and merchant-acquiring services company. The Company provides credit card clearing services to merchants and financial institutions in the People’s Republic of China (PRC). It provides Internet protocol (IP) processing services in Asia to bank card-accepting merchants. The Company markets its services to local merchants with regional retail locations across Asia Pacific. The Company, through its subsidiaries, is engaged in providing information technology services and solutions, which consists of select services and solutions in computer software programming and integration, computer systems, Internet and information technology systems engineering, consulting, and administration and maintenance, including e-commerce and payment processing.
A glance at Value Exchange International Inc. (OTCMKTS:VEII) key stats reveals a current market capitalization of 2.28 Million based on 29.66 Million shares outstanding and a price at last close of $0.0650 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-22, Pehrson picked up 25,000 at a purchase price of $0.10. This brings their total holding to 302,101 as of the date of the filing.
On the sell side, the most recent transaction saw Tsang unload 500,000 shares at a sale price of $0.10. This brings their total holding to 6,905,461.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Value Exchange International Inc. (OTCMKTS:VEII) as things move forward to see if its progress aligns with these transactions.
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