Doo-Ho Park, CEO of Laredo Resources Corp, 'acquisition' a 100% stake in Summit Holdings Co., Ltd.

(Gyeongbuk = International  News) Reporter Kim Yong-koo = CEO Park Doo-ho of Laredo Resources Corp. (LRDR) announced on the 26th that he had recently completed the contract and notarization of the acquisition of Summit Holdings Co., Ltd.

 CEO Park Doo-ho commemorating the contract for the transfer of Summit Holdings Co., Ltd. and notarization. (Photo = Summit Holdings Co., Ltd.)

In April, CEO Park Doo-ho transferred 25 million shares  of Laredo Resources Corp, registered over the OTC, and took over 100% of the stake in Summit Holdings, which was founded in 2020 with a capital of 500 million won.

Summit Holdings Co., Ltd., a domestic holdings company, transferred the shares of Laredo Resources Corp registered on OTC owned by CEO Park Doo-ho, and sequentially sold individual Park Doo-ho assets, including the acquisition of stakes in seven companies and product distributor contracts. It is planned to be transferred as a holdings asset.

In particular, it was announced that it would recruit an integrated agency for specialized items and patented products, set the world's first agency down payment as a deposit, and pay OTC registered stock as collateral within the contract deposit limit.

If the agency contractor sells the stock, the agency's copyright is maintained, but the deposit is extinguished and the share bonus based on the company's overall sales cannot be paid.

CEO Park Doo-ho emphasized, “We plan to transfer 50% of the total stake in Summit Holdings Co., Ltd. to Laredo Resources Corp. Symbol (LRDR) Global Holdings in September to grow and develop into a global holdings company.”

Source: International News (http://www.gukjenews.com)

 CEO Park Doo-ho commemorating the contract for the transfer of Summit Holdings Co., Ltd. and notarization. (Photo = Summit Holdings Co., Ltd.)

In April, CEO Park Doo-ho transferred 25 million shares  of Laredo Resources Corp, registered over the OTC, and took over 100% of the stake in Summit Holdings, which was founded in 2020 with a capital of 500 million won.

Summit Holdings Co., Ltd., a domestic holdings company, transferred the shares of Laredo Resources Corp registered on OTC owned by CEO Park Doo-ho, and sequentially sold individual Park Doo-ho assets, including the acquisition of stakes in seven companies and product distributor contracts. It is planned to be transferred as a holdings asset.

In particular, it was announced that it would recruit an integrated agency for specialized items and patented products, set the world's first agency down payment as a deposit, and pay OTC registered stock as collateral within the contract deposit limit.

If the agency contractor sells the stock, the agency's copyright is maintained, but the deposit is extinguished and the share bonus based on the company's overall sales cannot be paid.

CEO Park Doo-ho emphasized, “We plan to transfer 50% of the total stake in Summit Holdings Co., Ltd. to Laredo Resources Corp. Symbol (LRDR) Global Holdings in September to grow and develop into a global holdings company.”

Source: International News (http://www.gukjenews.com)