UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported):
January 17, 2017 (January
10, 2017)
Homeownusa
(Exact
name of registrant as specified in its charter)
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Nevada
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333-170035
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27-1467606
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(State
or other jurisdiction of incorporation)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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1601
Blake Street Suite 310
Denver,
CO
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80202
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
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303-953-4245
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
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[
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On
January 10, 2017, the Board of Directors of Homeownusa (the
“Company”) appointed Fai H. Chan as Director to hold
office until the next annual meeting of shareholders and until
their successor is duly elected and qualified or until his
resignation or removal.
Fai H. Chan
Mr.
Chan is an expert in banking and finance, with years of experience
in these industries. He has also restructured 35 companies in
various industries and countries in the past 40 years.
Mr.
Chan serves as the CEO of Singapore eDevelopment, Ltd., a limited
company listed on the Catalist of the Singapore Exchange Securities
Trading Limited was appointed to that role on April 28, 2014. He
was appointed a director of Singapore eDevelopment, Ltd. on March
1, 2014. He is
also Non-Executive Director of ASX-listed bio-technology company
Holista Colltech Ltd.
From
1992 until 2015, Mr. Chan has also served as Managing Chairman of
HKSE-listed Heng Fai Enterprises Limited, now known as ZH
International Holdings, Ltd. He also served as director of Global
Medical REIT Inc. (NYSE: GMRE) from 2013 until 2015 and as director
of American Housing REIT Inc. from 2013.
Mr.
Chan was also formerly (i) the Managing Director of SGX
Catalist-listed SingHaiyi Group Ltd, which under his leadership,
transformed from a failing store-fixed business provider with net
asset value of less than S$10 million into a property trading and
investment company and finally to a property development company
with net asset value over S$150 million before Mr. Chan ceded
controlling interest in late 2012; (ii) the Executive Chairman of
China Gas Holdings Limited, a formerly failing fashion retail
company listed on SEHK which, under his direction, was restructured
to become one of a few large participants in the investment in and
operation of city gas pipeline infrastructure in China; (iii) a
director of Global Med Technologies, Inc., a medical company listed
on NASDAQ engaged in the design, development, marketing and support
information for management software products for healthcare-related
facilities; (iv) a director of Skywest Ltd, an ASX-listed airline
company; and (v) the Chairman and Director of American Pacific
Bank.
In
1987, Mr. Chan acquired American Pacific Bank, a U.S. full-service
commercial bank, and brought it out of bankruptcy. He
recapitalized, refocused and grew the bank’s operations.
Under his guidance it became a NASDAQ-listed high asset quality
bank, with zero loan losses for five consecutive years before it
was ultimately bought and merged into Riverview Bancorp Inc. Prior
to its acquisition and merger, it was ranked #13 by the Seattle
Times “Annual Northwest’s Top 100 Public
Companies”, ranked #6 in Oregon state, ahead of name such as
Nike, Microsoft, Costco, AT&T Wireless and
Amazon.com.
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On
December 22, 2016, Singapore eDevelopment purchased 74,015,730
common shares of the Company from Cloudbiz International Pte., Ltd.
Mr. Chan beneficially owns 56.94% of the common shares of Singapore
eDevelopment, Ltd. and beneficially owns 100% of Cloudbiz
International Pte. Ltd.
The board of directors appointed Mr. Chan in
recognition of his abilities to assist the Company in
expanding its business and the
contributions they can make to the Company’s strategic
direction. Mr. Chan has not yet been appointed to any board
committees.
The
Company has not entered into any compensation arrangements with Mr.
Chan.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Homeownusa
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Date:
January 17, 2017
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By: /s/
Conn Flanigan
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Conn
Flanigan, Director
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