Subsidiary agrees to buy four collectible items for HKD 134M (USD $17.13M)

Cosmos Group Holdings Inc.

Grand Town (COSG subsidiary) entered into four Bought and Sold Agreements for collectible items on April 16, 2024.
Total purchase price is HKD 134,280,000 (approx. USD $17.13 million) from Guangzhou Huangting Meishuguan.
No details on the specific collectibles, their valuation, or intended business use were disclosed.
Transaction is material for COSG given its size; no regulatory or closing conditions described.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cosmos Group Holdings Inc. entered into Bought and Sold Agreement with Guangzhou Huangting Meishuguan valued at HKD$ 134,280,000 (approximately USD$17.13 million) (effective 2024-04-16).

Action: entry
Agreement: asset purchase
Counterparty: Guangzhou Huangting Meishuguan
Value: HKD$ 134,280,000 (approximately USD$17.13 million)
Effective: 2024-04-16

Exact text from the filing

On April 16, 2024, Grand Town Development Limited (“Grand Town”), a fully owned subsidiary of Cosmos Group Holdings Inc. (“COSG”, the “Company”), And Guangzhou Huangting Meishuguan (“Seller”) Entered into four Bought and Sold Agreements, whereby Seller has agreed to sell Grand Town four pieces of collectible items at HKD$ 134,280,000 (approximately USD$17.13 million).

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Source: SEC EDGAR

accession 0001213900-24-033937

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