On June 24, 2016, Katiuska Moran, the former CEO and Director of Bally Corp. and Surjeet Singh, the Company's former secretary and a substantial shareholder cancelled any and all loans they made to the Company. On June 24, 2016, in connection with the sale of a controlling interest in Bally Corp., Katiuska Moran,the Company's Chief Executive Officer and Director and Surjeet Singh of Bally Corp., entered into and closed on those certain Share Purchase Agreements with Aureas Capital Co. Ltd., whereby Aureas purchased from the Sellers a total of 6,918,800 shares of the Company's common stock for an aggregate price of $100,000.00. Concurrently with the closing of the Stock Purchase Agreement, Lung Ming Chun was appointed Chairman of Board and sole Director. Following these appointments, Katiuska Moran and Surjeet Singh resigned from all positions held as an officer and director of the Company. Lung Ming Chun, prior to joining the Company, from 2013 to 2016 Mr. Chun was a manager at Micronic Inc. as operations manager, where his key responsibilities included driving operational improvements, maximizing the value of the asset base while ensuring control on operational costs.
Bally, Corp. is a shell company. The Company is focused on pursuing opportunities in tire recycling. The Company intends to operate as an e-commerce hardware store. As of September 30, 2016, the Company had no revenues. The Company was focused on importing small farming, household gardening and general small tools directly from manufacturers and marketing to consumers in the Republic of India.
BALLY, CORP. 
