Bathla Group Hires Administrators as Australia Housing Slump Deepens 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
Hanmi Pharm Soars 30% on $2.3 Billion Genentech Obesity Drug Deal 
Trump Buys SpaceX Shares After Record IPO 
Nvidia Eyes Perplexity Investment at $30 Billion Valuation 
Tokio Marine Eyes Multibillion-Dollar Suncorp Takeover 
California Seeks Paramount Divestitures in Warner Bros. Merger 
Tesla Raises Cybertruck Prices by $5,000 in US 
China EV Stocks Slide as Door Handle Recall Hits 4.3 Million Vehicles 
Woodside Drops $5 Billion Clean Energy Plan as Profit Rises 7% 
Nvidia Options Price in $280 Billion Earnings Swing 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
Shein Launches $1.77 Billion Hong Kong IPO After Years of Listing Delays 
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
BNP Paribas, KB Kookmin Eye $2 Billion Techcombank Stake 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
Add as a preferred source on Google
SAN DIEGO, April 27, 2018 -- CUBA Beverage Company (OTC:CUBV) announced today that the Company has sent the paperwork to the state of California for filing the official reduction of its Authorized Shares from 3 Billion Common Shares to 1 Billion Common Shares. The authorized share count represents the number of common shares available for issuance. The reduction has taken effect upon the Company’s Resolution and should be posted with the state of California within ten business days. The Company’s Transfer Agent will reflect the reduction on its books.
The company has also completed a transaction where 2 Billion Restricted Common Shares have been returned to the company for cancellation. The net result of the reduction of the Company’s Authorized and the return of the 2 Billion Restricted Common Shares is that the company now has 1 Billion Common Shares Authorized for issuance, the new shares outstanding will be 500 Million This number is subject to the company’s Transfer Agent accounting which should occur within the next few days.
These moves are representative of the Company’s commitment to enhancing shareholder value as a part of its goal of attracting subsidiaries that bring increased revenue and positive potential to the Company.
FORWARD-LOOKING INFORMATION
Safe Harbor Statement:
This release may include "forward looking statements" within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and/or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties.
CONTACT: Investor Relations, 619-514-8178
