| UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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SEC FILE NUMBER
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000-55410
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CUSIP NUMBER
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64202A109
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(Check one):
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| ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K x Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR
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| For Period Ended:
| March 31, 2023
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| ☐ Transition Report on Form 10-K
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| ☐ Transition Report on Form 20-F
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| ☐ Transition Report on Form 11-K
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| ☐ Transition Report on Form 10-Q
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| ☐ Transition Report on Form N-SAR
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| For the Transition Period Ended:
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
New Asia Holdings, Inc.
Full Name of Registrant
N/A
Former Name if Applicable
80 Tras Street #01-03, Singapore
Address of Principal Executive Office (Street and Number)
Singapore 079019
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
X
| (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
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| (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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| (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III — NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The filing of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (“Quarterly Report”) will be delayed due to circumstances related to ongoing activities related to a potential joint venture and COVID-19 and its impact on the Company’s accounting operations. Because of continuing government orders issued to combat the COVID-19 outbreak both in the Company’s Headquarters in Singapore, the Company’s offices and systems have been subject to closure and, as a result, its staff must continue to work remotely, and this has caused delays in the preparation of the accounting and consolidated financial reports. The significant amount of additional time and resources needed to initiate remote access prevented the Company from completing the tasks necessary to file this Quarterly Report by its May15th, 2023, due date. The Company does not expect to have a significant change in its results of operations compared to the corresponding period in the prior year.
The registrant was not, without unreasonable effort or expense, able to file its Quarterly Report on Form 10-Q for the period ended March 31, 2023, by the prescribed due date. The registrant anticipates that it will file its Quarterly Report on Form 10-Q within five calendar days following the prescribed due date within the "grace" period provided by Securities Exchange Act Rule 12b-25.
PART IV — OTHER INFORMATION
(1)
| Name and telephone number of people to contact in regard to this notification
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Jose A. Capote
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| (949)
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| 271-6333
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(Name)
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| (Area Code)
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| (Telephone Number)
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(2)
| Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
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| Yes x No ☐
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(3)
| Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
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| Yes ☐ No x
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| If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
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New Asia Holdings, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date:
| May 16th, 2023
| By:
| /s/ Lin Kok Peng
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| Name: Lin Kok Peng
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| Title: Chief Executive Officer
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