AB INTL GROUP Announces Completed Prepaid of All Convertible Notes That the Company Issued
NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm today announced on April 7, 2021, the Company fully prepaid all convertible promissory notes that the company issues to accredited investors. The Company made $168,264 prepayments of principal and interest on the outstanding two Notes and, in connection with these prepayments, the Notes were terminated. And there released 137,000,000 they reserved shares to the Company treasury.
Chiyuan Deng, AB’s Chief Executive Officer stated, "We are pleased to announce today we completed full repayments and termination of all Notes that the company previously issued. The repayments create financial flexibility for the Company as we manage our capital requirements and seek to maximize shareholder value."
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