Qiansui International Group Co Ltd (PK:QIAN)

Business Focus: Shell Companies

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Sector: Financials	Industry: Holding Companies

See Regulatory Filings on SEC

Company Contact

Address:	86 Broad St., 18Th Floor BEIJING BEJ 100161
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

Yu Yang President, Chief Executive Officer, Chief Financial Officer, Director

Business Overview

Qiansui International Group Co Ltd, formerly Ariel Clean Energy Inc, is a shell company. The Company is engaged in seeking new business opportunities with business entities for merger with or acquisition of a target business. The Company may seek a business opportunity with entities that have commenced operations, or entities wishing to utilize the public marketplace in order to raise additional capital to expand business development activities, to develop a new product or service, or for other corporate purposes. The Company may acquire assets and establish subsidiaries in various businesses or acquire existing businesses as subsidiaries. In implementing a structure for a particular business acquisition or opportunity, the Company may become a party to a merger, consolidation, reorganization, joint venture or licensing agreement with another corporation or entity. The Company may also acquire stock or assets of an existing business. The Company does not have a source of revenue.

Financial Overview

For the nine months ended 30 September 2022, Qiansui International Group Co Ltd revenues was not reported. Net loss increased 11% to $57K. Higher net loss reflects Professional fees increase of 13% to $43K (expense), Interest expense increase of 35% to $13K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01.

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