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ANKAM Clarifies Relationship with T&E Global Following Unauthorized Press Release
ANKM
Related Party Transactions
New Projects/Investments
Governance
- ANKAM, Inc. filed an 8-K on January 30, 2026, to correct inaccurate statements made in an unauthorized press release by T&E Global on or about January 4, 2026, clarifying that T&E Global is not a subsidiary, division, or core business unit of ANKAM.
- Mr. Wang Wen Lung, ANKAM's President, CEO, CFO, and Director, holds 71.05% of ANKAM's outstanding shares and 30.4% of T&E Global's outstanding shares, but there are no other related parties or formal corporate relationships between the entities.
- There are no current formal business relationships, contractual agreements, joint operations, or strategic initiatives between ANKAM and T&E Global.
- ANKAM is engaged in initial, preliminary, and non-binding discussions with T&E Global for a potential software services agreement, with Mr. Wang Wen Lung recusing himself from these discussions due to his dual roles.
- Any potential future transactions would be conducted at arm's-length, reviewed and approved by a committee of ANKAM's board of directors, and subject to its Related Party Transaction Policy, including independent valuations.
Jan 30, 2026, 1:58 PM
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