After Mr. Tien Seng Tong acquired a controlling 74% stake in January 2025, the company reorganized to operate in the software consulting industry. The company completed a redomicile merger effective January 12, 2026, moving from Nevada to British Virgin Islands incorporation. The company operates as an early-stage, high-concentration business with significant Asia-Pacific expansion ambitions.
Cyborg Score Rationale
The business is highly concentrated with the largest customer contributing 31% of 2025 revenue, while management discloses going-concern risk and need for additional capital despite recent profitability. Governance is very lean with a single director and one executive serving as both CEO and CFO. Early growth trajectory is positive but execution risks remain elevated.
Top Insights
(January 2025) New majority shareholder (74% stake) acquired controlling interest, driving strategic pivot from tourism to software consulting and Web3 advisory
(February 2025) Established Singapore and Hong Kong subsidiaries as regional hub for Asia-Pacific expansion with Singapore contributing majority of consolidated revenue
(January 2026) Completed redomicile merger from Nevada to British Virgin Islands; began trading as KHOBF on OTCQB
(October 2025) Achieved $1.16M revenue and $430K net income with strong $676K operating cash flow but facing going-concern warnings and single-customer concentration risk (31% of revenue)
Named Competitors
Salesforce CRM — Cloud-based CRM and business software
NetSuite — Cloud ERP and business management software
SAP — Enterprise resource planning and business software
Recent Developments
(January 2026) Completed redomicile merger to British Virgin Islands; trading resumed on OTCQB under symbol KHOBF
(October 2025) Filed annual report showing major pivot to software consulting and Web3 advisory with $1.16M revenue
(February 2025) Established Singapore and Hong Kong subsidiaries to serve as regional headquarters for Asia-Pacific operations
(January 2025) Tien Seng Tong acquired 74% controlling stake; new CEO Ka Miew Hon appointed with 20+ years enterprise software and cloud experience
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