UMAX Group Corp. (OTCPK:UMAX) acquired 51% stake in Funny Media Studios on January 11, 2022. Pursuant to this agreement, UMAX Group acquired 51% of all outstanding equity of Funny Media Studios (making it a majority owned subsidiary) in exchange for 1,500,000 shares of Series B, Preferred Stock of UMAX Group.

UMAX Group Corp. (OTCPK:UMAX) completed the acquisition of 51% stake in Funny Media Studios on January 11, 2022.