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Blue World Acquisition Corp (OQ:BWAQ)

Business Focus: Shell Companies

Sector:  Financials Industry:  Holding Companies
 
See Regulatory Filings on SEC
Company Contact
Address: 244 Fifth Avenue, Suite B-88, Suite B-88
NEW YORK NY 10001
Tel: N/A
Website: N/A
IR: N/A
Key People
Liang Shi
Chairman of the Board, Chief Executive Officer, Secretary
Tianyong Yan
Chief Financial Officer, Director
Weixiong Cheong
Chief Operating Officer
Business Overview
Blue World Acquisition Corporation is a blank check company. The Company is formed for the purpose of entering a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. It intends to focus on opportunities in marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism and related industry segments globally. The Company has not commenced any operations nor generated any revenues.
Financial Overview
For the six months ended 31 December 2023, Blue World Acquisition Corp revenues was not reported. Net income decreased 7% to $637K. Net income was partially offset by Formation and operating costs increase of 1% to $523K (expense), Interest income remaining flat at $0K. Basic Earnings per Share excluding Extraordinary Items increased from $0.06 to $0.09.