MJG Polo acquires 83.43% of Stark Focus Group for $355,000
MJG Polo LLC acquired 8,300,000 shares of Stark Focus Group, Inc. representing approximately 83.43% of issued and outstanding common stock for $355,000 on June 25, 2026, pursuant to a stock purchase agreement dated June 9, 2026 with Compass North Holdings Limited. In connection with the transaction, Cao Zhi Fen resigned as director, president, CEO, treasurer and secretary, and the board elected David I. Rosenberg as chairman and John Lipman as CEO and CFO, each effective at closing.
Key facts
- MJG Polo LLC acquired 8,300,000 shares representing approximately 83.43% of issued and outstanding shares
- Purchase price: $355,000
- Closing date: June 25, 2026
- Stock purchase agreement dated June 9, 2026 between MJG Polo LLC, Compass North Holdings Limited, and Stark Focus Group Inc.
- David I. Rosenberg appointed chairman; John Lipman appointed CEO and CFO, each effective at closing
- Cao Zhi Fen resigned as director, president, CEO, treasurer and secretary effective at closing
- Board increased from one to two directors effective at closing
Why it matters
MJG Polo's majority stake acquisition represents a change of control of Stark Focus Group, with new leadership (Rosenberg and Lipman, both experienced in investment banking and SPAC transactions) replacing the prior sole director and officer.
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Derived from 8-K filed 2026-07-01. Not investment advice. View the source filing on SEC.gov →