Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.7
Hongchang International Co., Ltd completed a disposition involving Mr. Ban Siong Ang for nominal consideration.
- Action
- disposition
- Counterparty
- Mr. Ban Siong Ang
- Consideration
- nominal consideration
Exact text from the filing
On August 21 2023, we entered into a share purchase agreement (“Share Purchase Agreement”) with our Director, Mr. Ban Siong Ang as the buyer, to dispose of our existing assets
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.7
Hongchang International Co., Ltd completed an acquisition involving Hong Chang Global Investment Holdings Limited for 415,582,375 new shares of our Company’s common stock (closed 2023-08-21).
- Action
- acquisition
- Counterparty
- Hong Chang Global Investment Holdings Limited
- Consideration
- 415,582,375 new shares of our Company’s common stock
- Closing
- 2023-08-21
Exact text from the filing
will sell and transfer 100 shares of Hongchang BVI, constituting all of the issued and outstanding share capital of Hongchang BVI, to our Company in exchange for an aggregate of 415,582,375 new shares of our Company’s common stock (the “Consideration Shares”), of which 353,322,843 shares will be issued to Zengqiang Investment Limited and 62,259,532 shares will be
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hongchang International Co., Ltd entered into Share Exchange Agreement with Hong Chang Global Investment Holdings Limited (Hongchang BVI) and its shareholders, Zengqiang Investment Limited and Hong Jin Investment Limited valued at 415,582,375 new shares of common stock (effective 2023-08-21).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Hong Chang Global Investment Holdings Limited (Hongchang BVI) and its shareholders, Zengqiang Investment Limited and Hong Jin Investment Limited
- Value
- 415,582,375 new shares of common stock
- Effective
- 2023-08-21
Exact text from the filing
On August 21, 2023, our Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with Hong Chang Global Investment Holdings Limited (“Hongchang BVI”), a business company incorporated in the British Virgin Islands (“BVI”), and Hongchang BVI’s shareholders, Zengqiang Investment Limited, a business company incorporated in the BVI, and Hong Jin Investment Limited, a business company incorporated in the BVI (the “Selling Shareholders” and each a “Selling Shareholder”), in relation to the acquisition of Hongchang BVI by our Company (the “Hongchang Acquisition”).
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