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AB INTL GROUP Announces the Prepayment of Convertible Notes Holds by EMA and CBP

Written by Customer Service on . Posted in Public Companies.

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced the repayment of convertible notes, issued on July 17, 2020 and January 8, 2020 ( the ” EMA Note and CBP Notes”). The Company made a $145,300 prepayment of principal and interest on EMA Note and CBP Notes and, in connection with this prepayment, EMA Note and CBP Notes were terminated. And there released 313,659,990 they reserved shares to the Company treasury.
Chiyuan Deng, AB’s Chief Executive Officer, stated, “In continuation of the previously announced transactions canceled all warrants, we are pleased to announce the full repayment and termination of EMA Note and CBP Notes. The repayment creates financial flexibility for the Company as we manage our capital requirements and seek to maximize shareholder value.”About AB International Group Corp. 
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged to acquisition and distribution of movies. The Company has a Patent License to a video synthesis and release system for mobile communications equipment, in which the technology is the subject of a utility model patent in the People’s Republic of China. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model.

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