The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has sustained substantial losses of $2,543,654$2,980,628 since inception, has a working capital deficit of $99,901,$4,646,737, and is in need of additional capital to grow its operations so that it can become profitable.
In view of these matters, the ability of the Company to continue as a going concern is dependent upon growth of revenues and the ability of the Company to raise additional capital. Management believes that its successful ability to raise capital and increases in revenues will provide the opportunity for the Company to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
PropertyThe Company’s intangible assets consist primarily of Proprietary Trainable Trading Algorithms and equipment are carried at cost. Major expenditures and those which substantially increase useful lives are capitalized. Maintenance, repairs and minor renewals are charged to operations when incurred. When property and equipment is sold or otherwise disposedhave not been placed in service as of the asset account and related accumulated depreciation account are relieved, and any gain or loss is included in operations.September 30, 2015. Once placed in service, depreciableamortizable assets are depreciatedamortized over their estimated useful lives using both accelerated and straight-line methods.method..
Depreciation expenses totaled $0 and $128 for the six month periods ended June 30, 2015 and June 30, 2014 respectively.
Note 3: Stock Subscription Deposit Common Stock
On December 24, 2014, the companyCompany entered in to a stock purchase agreement for $350,000 of which the Company received a deposit of $337,000 and out of those funds paid directly for(of which $13,000 were used to pay legal feesfees) for 58,904,964 shares of common stock perof the Stock Purchase Agreement dated December 24, 2014.Company. The stock was issued on January 23, 2015.
Note 4: Common Stock
The Company has 430,000,000 shares of capital stock, consisting of 400,000,000 shares of $0.001 par value common stock, and 30,000,000 shares of $0.001 par value preferred stock. The Company had 1,821,807 shares of common stock issued and outstanding as of December 31, 2014 and 61,526,77168,948,767 shares issued and outstanding as of June 30,2015September 30, 2015.
On February 12, 2014, 60,000 shares of restricted common stock were issued to James Clarke for services performed as Secretary, Treasurer, and member of the Board of Directors of the Company for the calendar year 2013. These services were valued at $6,000, which is the fair market value of the shares at the time of issuance.
On February 12, 2014, 100,000 shares of restricted common stock were issued to Kurtis Cockrum for services performed as President and Chairman of the Board of Directors of the Company for the calendar years 2013. These services were valued at $10,000, which is the fair market value of the shares at the time of issuance.
On February 12, 2014, 104,000 shares of restricted common stock were issued to Don Baker for consulting services performed for the Company. The invoice amount for these services was $10,400.
On January 23, 2015, the stock was issuedpursuant to thethat certain Stock Purchase Agreement, dated December 24, 2014, with four accredited investors:investors, the Company issued the following shares of common stock: 54,957,724 shares of common stock to New Asia Holdings Limited 54,957,724for $326,546, 1,821,803 shares for $326,546;of common stock to Wong Kai Fatt 1,821,803for $10,825, 1,518,169 shares for $10,825;of common stock to Earth Heat Ltd. 1,518,169for $9,021, and 607,268 shares for $9,021;of common stock to Kline Law Group PC 607,268 shares for $3,608.
On April 23, 2015, 800,000 shares of restricted common stock at a fair value of $800,000 were issued to four individuals, each receiving 200,000 shares for their advisory services.
On August 19, 2015, the Board of Directors of the Company approved a resolution acknowledging that New Asia Holdings Ltd, the principal controlling shareholder of the Company, (i) had been advancing funds in the amount of $220,000 to the Company since December 24, 2014 to pay for operating expenses of the Company ("Prior Advances") and (ii) would be required to advance an additional $80,000 to the Company to fund further operating expenses of the Company (“Future Advances”, and together with Prior Advances, the “Advances”). The Board further resolved that these Advances would constitute an interest-free loan to the Company to be repaid by the close of business on October 31, 2015. However, if the Company was unable to repay these Advances by such date, New Asia Holdings Ltd, at its sole discretion, would have the option to extend the repayment deadline or convert all or a portion of the above Advances into common stock of the Company at a conversion price of $0.02 per share.
On August 28, 2015, the Company completed the acquisition of Magdallen Quant Pte Ltd. The acquisition was accomplished through a share exchange with Mr. Anthony Ng Zi Qin of 7,422,000 new restricted shares of common stock of the Company with a fair value of $3,043,020 in exchange for the entire issued and outstanding capital of Magdallen Quant Pte Ltd., held by Mr. Anthony Ng Zi Qin, consisting of 8,000,100 shares of stock issued at par value of SGD$1.00 per share, or USD$0.714 on the acquisition date.
Note 5: Related Party Transactions
The Company entered into a consulting contract with Scott Kline, Esq., a stockholder of the Company, for his services as general counsel.counsel to the Company. Legal expenses for the related party were $28,000$48,000 and $0 for the periods end Juneended September 30, 2015 and JuneSeptember 30, 2014, respectively.
There were advances totaling $93,321$320,053 from shareholders for the period ending September 30, 2015.
On September 7, 2015, Mr. Scott C. Kline (“Mr. Kline”) resigned as Secretary and General Counsel of the Company. The resignation was not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On that date, Mr. Jose A. Capote (“Mr. Capote”) was appointed to serve as the Company’s Secretary and Vice President. There is no family relationship between Mr. Capote and any of the Company’s directors or officers. Mr. Capote is currently a shareholder of the Company through his 50% ownership of Earth Heat Ltd. The Company has paid Mr. Capote consulting fees for acting in the capacity as Secretary and Vice President of the Company in the amount of $7,500 and $0 for the periods ended September 30, 2015 and September 30, 2014, respectively.
Note 6: Commitments and Contingencies
The Company entered into an Office Service Agreement on June 11, 2015, with PBC 8105 Irvine Center, LLC (dba(doing business as Carr Workplaces (“CW”)). Under the terms of the agreement, CW shall grant Thegranted the Company a license to use the facilities and services of the Center at 100 Spectrum Center Drive, Suite 900 Irvine, CA 92618. The basic terms of this agreement is for 12 months commencing July 1, 2015 ending June 30, 2016 with monthly fixed fees of $1,758.
The Company entered Tenancyinto a tenancy agreement on December 20, 2014, with Treasure Gift Pte Ltd. Under the terms of the agreement, Treasure Gift Pte Ltd shall grantgranted the Company use of the premises and amenities situated at 33, Ubi Avenue 3, #07-58, Vertex, Singapore 408865. The basic terms of the agreement are that the agreement is for 12 months commencing on January 1, 2015 ending December 31, 2015 with the monthly fixed fee $1681.of $1,681.
Pursuant to the Sale & Purchase agreement, if the average trading price of the Company’s shares based on the 7 days closing price over the period immediately before the first anniversary date of this Agreement and the 7th day falling on the first anniversary date of the agreement is below USD 1.00, the Company shall issue additional shares to Anthony Ng Zi Qin to make up the difference between the value of the Consideration Shares based on such 7 days closing history and the sum of SGD 10,000,000.00. The difference between the fair value of the assets acquired and the value of the shares swapped ($4,099,837) as well as the change in the common stock share price ($371,100) for the period ended September 30, 2015 created a contingency in amount of $4,470,937 in U.S. Dollars.
Note 7 - – PURCHASE – NEW ASIA HOLDINGS, INC and MAGDALLEN QUANTE PTE LTD
In August 2015, we completed our, non-related party, acquisition of Magdallen Quant Pte Ltd (“MQL”), a Company formed in May, 2015, (established solely to hold the ownership to the trainable trading algorithm assets that we acquired, therefore there is no comparison applicable with 2014). The acquisition was made on the basis of a share swap of 7,422,000 new restricted shares of NAHD Common Stock in exchange for the entire issued and paid-up capital of Magdallen Quant Pte Ltd, which is 8,000,100 shares issued at par value of SGD $1.00 per share, or USD $0.714 on August 28, 2015, the acquisition date. The market value of the of NAHD common stock was .41 per share at the date of sale. The exchange value in U.S. Dollars for the shares swap were $3,043,020. The fair value of MQL at the acquisition date in U.S. Dollars was $6,267,819. In addition, there is a contingent clause (see Note 6) that increases the value of the assets acquired. This increase was allocated to Goodwill in the amount of $875,038 in US Dollars. The total fair value of the exchange was $7,142,857 in U.S.Dollars.
The purchase price was allocated to specific identifiable tangible and intangible assets at their fair value at the date of the purchase in accordance with Accounting Standards Codification 805, “Business Combinations”, as follows:
Allocation | | $ | |
Goodwill | | $ | 875,038 | |
Intangible Assets | | | 6,267,819 | |
Total | | | 7,142,857 | |
Less fair value of the contingent liability | | | (4,099,837 | ) |
Purchase price | | $ | 3,043,020 | |
The Company consolidated the results from operations from August 28, 2015. The following are unaudited pro-forma results of operations as if the acquisition had occurred on January 1, 2015 for the period ending September 30, 2015.
| | Nine Months Ended September 30, 2015, | |
| | | | | NAHD/ MQL | | | Combined | |
| | As Reported | | | As Reported | | | Pro-Forma | |
| | | | | | | | | |
Net revenue | | $ | - | | | $ | - | | | $ | - | |
| | | | | | | | | | | | |
General and administrative | | $ | 928,094 | | | | - | | | $ | 928,094 | |
| | | | | | | | | | | | |
Loss from operations | | $ | (928,094) | | | | - | | | | (928,094) | |
| | | | | | | | | | | | |
Income or (loss) before income taxes | | $ | (928,094) | | | | - | | | $ | (928,094) | |
| | | | | | | | | | | | |
Provision for income taxes | | | - | | | | - | | | | - | |
| | | | | | | | | | | | |
Net income (loss) | | $ | (928,094) | | | | - | | | $ | (928,094) | |
| | | | | | | | | | | | |
Net Income (loss) per common shares-basic and fully diluted | | $ | (0.02) | | | | - | | | $ | (0.02) | |
| | | | | | | - | | | | | |
Weighted average common shares outstanding-basic and diluted | | | 56,232,964 | | | | 897,165 | | | | 57,130,111 | |
| | | | | | | | | | | | |
Note 8 – Subsequent Events
As of November 20, 2015, the principal controlling shareholder, New Asia Holdings Ltd, has not yet acted to convert any of the Advances (as described above in Note 4) to common stock, the Advances remain as an interest free loan to the Company at present time.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
The following discussion of our financial condition and results of operations should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and notes thereto included in, Item 1 in this Quarterly Report on Form 10-Q. This item contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated in such forward-looking statements.
Forward-Looking Statements
This Quarterly Report on Form 10-Q and the documents incorporated herein by reference contain forward-looking. Such forward-looking statements are based on current expectations, estimates, and projections about our industry, management beliefs, and certain assumptions made by our management. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", variations of such words, and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. However, readers should carefully review the risk factors set forth in other reports and documents that we file from time to time with the Securities and Exchange Commission, particularly the Report on Form 10-K, Form 10-Q and any Current Reports on Form 8-K.
Executive Overview
After the change in control, our business model is focused to provide the financial community with highly advanced, proprietary, neural trading models. Our state-of-the-art, trainable, algorithms emulate aspects of the human brain, providing our algorithms with a self-training ability to formalize unclassified information and thus develop an enhanced ability to make forecasts based on the historical information and other data available at their disposal. Our Neural networks do not make forecasts. Instead, they analyze price data and uncover opportunities. Using our proprietary neural network, trade decisions are made based on thoroughly analyzed data (which is not generally possible when using traditional technical analysis methods). NAHD offers a series of "Next-Generation" tools that can detect subtle non-linear interdependencies and patterns that other methods of technical analysis are unable to uncover. NAHD offers trading software solutions to clients on the basis of a "Software as a Service (SaaS)" licensing and delivery models with licensed users availing themselves of a service-based contractual arrangements. In addition, NAHD utilizes its in-house proprietary neural trading models to trade its own funds, thus providing added value to its shareholders. The NAHD team's proprietary trading models are developed by professional engineers in communications, electronic circuitry design and financial engineering. This diverse team is the key factor of our successful development of non-traditional and innovative trading models. Our systems, which bring a proven, rigorously tested, track-record, are designed to take intelligent positions as the market moves/changes. Our proprietary algorithmic trading systems generate superior, risk adjustable, returns for our clients.
On June 19th,August 28, 2015, we signed a Memorandumthe Company completed the acquisition of Understanding to acquire a 100% controlling stake in Magdallen Quant Pte.Pte Ltd. The acquisition was accomplished through a share exchange with Mr. Anthony Ng Zi Qin of 7,422,000 new restricted shares (“Consideration Shares”) of common stock of the Company, at a market value of $0.41 per share, with an aggregate fair value of $3,043,020 in exchange for the entire issued and outstanding capital of Magdallen Quant Pte Ltd., a Singapore-based Company (the "Company") that is focusedheld by Mr. Anthony Ng Zi Qin, consisting of 8,000,100 shares of stock issued at par value of SGD$1.00 per share, or USD$0.714 on the Research, Development and Deployment of Advanced, Proprietary, state-of-the-art, trainable trading algorithms. NAHD has, over the last several months, been undertaking a thorough evaluation of the proprietary trading algorithms owned and developed by the Company. Subject to completion of the final Due Diligence, the Purchase Price of this acquisition will be set forth in a formal Share Sale & Purchase Agreement that is expected to be executed within the next 60 days.date.
Results of Operations
We had no revenue for the three months ended JuneSeptember 30, 2015, or for the same period ended JuneSeptember 30, 2014.
Operating expenses were $871,399$65,874 for the three month period ended JuneSeptember 30, 2015, and consisted primarily of general and administrative expenses stock compensation expense,and professional fees. This compares with operating expenses for the three month period ended JuneSeptember 30, 2014 of ($15,664),7,713, which also primarily consisted of professional fees and , general and administrative expenses and professional fees, but also included consulting fees. The material increase in such expense in the first quarter of 2015 were related to increased operating expenses associated with the implementation of our business plan, which included the acquisition of Magdallen Quant Pte Ltd as well as legal and accounting fees in connection with our change in control.
As a result of the foregoing, we had a net loss of $871,399$436,974 for the three month period ended JuneSeptember 30, 2015, which includes a contingent liability associated with the change in fair value of the acquired asset of $371,100 for the period ended September 30, 2015. This compares with a net incomeloss for the three month period ended JuneSeptember 30, 2014 of $15,664.$7,713. After the change in control, the Company is focused on a new business model, as described above. We expect that we will need to raise additional funds to support the expansion of our new business model, including, the acquisition of proprietary technologies, working capital to support the implementation of new projects, ,or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.
Operating expenses were $964,985 for the nine month period ended September 30, 2015, and consisted primarily of general and administrative expenses, stock compensation expense, and professional fees. This compares with operating expenses for the nine months period ended September 30, 2014 of $9,884, which also primarily consisted of general and administrative expenses and professional fees, but also included consulting fees. The material increase in such expense in the first, second and third quarters of 2015 were related to the implementation of our new business model, strategic acquisition of proprietary assets and increased legal and accounting fees in connection with our acquisition of assets and the change in control.
As a result of the foregoing, we had a net loss of $1,336,085 for the nine months period ended September 30, 2015 which includes a contingent liability associated with the change in fair value of the acquired asset of $371,100 for the period ended September 30, 2015. This compares with a net loss for the nine months period ended September 30, 2014 of $9,882.
After the change in control and the acquisition of our proprietary trainable trading algorithm assets, the Company is focused on a new business model, as described above. We expect that we will need to raise additional funds to support the expansion of our new business model, including, working capital to support the implementation and expansion of our SaaS business model as well as establishing the trading for our own account or for the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all. Operating expenses were $899,111 for the six month period ended June 30, 2015, and consisted primarily of general and administrative expenses, stock compensation expense, and professional fees. This compares with operating expenses for the six months period ended June 30, 2014 of ($2,170), which also primarily consisted of professional fees and, general and administrative expenses, but also included consulting fees. The material increase in such expense in the first and second quarter of 2015 were related to increased legal and accounting fees in connection with our change in control.
As a result of the foregoing, we had a net loss of $899,111 for the six months period ended June 30, 2015. This compares with a net income for the six months period ended June 30, 2014 of $2,170.
Operating expenses were $899,111 for the six month period ended June 30, 2015, and consisted primarily of general and administrative expenses, professional fees. This compares with operating expenses for the six months period ended June 30, 2014 of ($2,170), which also primarily consisted of professional fees and , general and administrative expenses, but also included consulting fees. The material increase in such expense in the first and second quarter of 2015 were related to increased legal and accounting fees in connection with our change in control.
As a result of the foregoing, we had a net loss of $899,111 for the six months period ended June 30, 2015. This compares with a net income for the six months period ended June 30, 2014 of $2,170.
After the change in control, the Company is focused on a new business model, as described above. We expect that we will need to raise additional funds to support the expansion of our new business model, including the acquisition of proprietary technologies, working capital to support the implementation of new projects , or for the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.
We expect that we will need to raise additional funds to support the expansion of our new business model, includingthrough the acquisition of our proprietary technologies, working capitaltrainable trading algorithms, we will commence to support the implementation of new projects , or for the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.
We expect to undertake some near-term acquisitions that would resultgenerate revenues in the generation of revenues,early 2016, however, notwithstanding these developments we expect to incur operating losses through the balance of this year because we will be incurring expenses and not generating sufficient revenues. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. We expect to cover such shortfall in operating margins through advances from our principal shareholder and other fund-raising measures that the Company deems appropriate.
Liquidity and Capital Resources.
As of JuneSeptember 30, 2015 we had cash of $475,$147,556, compared to $8,663no cash at June 30,December 31, 2014.
We had net cash provided by operating activities for $475$157,581 for the sixnine months period ended JuneSeptember 30, 2015 and $1,926($6,040) of net cash used for operating activities for the sixnine months period ended JuneSeptember 30, 2014. The change resultedWe had ($6,059) cash flows from investing activities and no cash flow from financing activities during the nine month periods ended September 30, 2015 resulting from advances from our increased net loss during the period.
We hadprincipal shareholder and no cash flows from financing activities or investing activities during the threenine month periods ended Juneperiod ending September 30, 2015 and 2014.
Off-Balance Sheet Arrangements
We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.
Future Financings
We will continue to rely on advances from our principal shareholder as well as from other sources of financing, including private placements of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.
Critical Accounting Policies
Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.
We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.
Recently Issued Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act").
Based on this evaluation, our principal executive and principal financial and accounting officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) were effective as of March 31,September 30, 2015.
Changes in Internal Control over Financial Reporting
There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our last fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
The Company is not required by current SEC rules to include, and does not include, an auditor’s attestation report. The Company’s registered public accounting firm has not attested to Management’s reports on the Company’s internal control over financial reporting.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.
ITEM 1A. RISK FACTORS
We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS .
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES.
Not Applicable.
ITEM 5. OTHER INFORMATION
None.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
Exhibit Number | Description | Filing |
| | |
31.1 | Certification of CEO pursuant to Sec. 302 | Filed herewith. |
| | |
31.2 | Certification of CEOCFO pursuant to Sec. 302 | Filed herewith. |
| | |
32.1 | Certification of CEO pursuant to Sec. 906 | Filed herewith. |
| | |
32.2 | Certification of CFO pursuant to Sec. 906 | Filed herewith. |
| | |
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | Filed herewith. |
| | |
101.INS | XBRL Instance Document | Filed herewith. |
| | |
101SCH | XBRL Taxonomy Extension Schema Document | Filed herewith. |
| | |
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | Filed herewith. |
| | |
101.LAB | XBRL Taxonomy Extension Label Linkbase Document | Filed herewith. |
| | |
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | Filed herewith. |
| | |
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | Filed herewith. |
SIGNATURES
In accordance with Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on May 19, 2014.November 20, 2015.
NEW ASIA HOLDINGS, INC.
| By: | /s/ Lin Kok Peng |
| | Lin Kok Peng |
| | Chief Executive Officer, Chief Financial Officer, Treasurer and Director |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacity and on the date indicated.
Date: August 14,November 20, 2015 | By: | /s/ Lin Kok Peng |
| | Lin Kok Peng |
| | Director |