secwatch.observer — SEC 8-K summary
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Issuer:     Jingbo Technology, Inc. (SVMB)
CIK:        0001647822
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001493152-21-019125
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SavMobi Technology to acquire Dalian Yuanmeng Media for $50M via 10M shares
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- Acquires 100% of Yuanmeng for $50M; consideration is 10M shares of SVMB common stock.
- Sellers ZHAO Xindong (33% owner) and GUO Hengchang (67% owner) will hold 16.16% of SVMB post-closing.
- Closing expected by February 10, 2022, subject to stockholder approval, consents, and no adverse law/litigation.
- Both firms provide commercial mobile technical support; deal aims to create synergies and competitive advantage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647822/000149315221019125/0001493152-21-019125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647822/000149315221019125/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-019125

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