secwatch.observer — SEC 8-K summary
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Issuer:     RHINO BITCOIN INC. (RHNO)
CIK:        0001785493
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001493152-21-027950
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Plus acquires 33.9% stake in Vettons City Angels Sdn Bhd for MYR 990k (~$232k)
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- Subscribed 84,906 ordinary shares at RM11.66/share for MYR 990,003.96 (approx. USD 232,040).
- Investment represents 33.9% equity in VCASB, a special purpose vehicle holding shares in Vettons City Sdn Bhd.
- Conditions precedent include full payment and valid share issuance; definitive agreements remain to be signed.
- Proceeds to be used as working capital for Vettons City's operations, including ICT development and property rental.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785493/000149315221027950/0001493152-21-027950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785493/000149315221027950/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-027950

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