secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Valley Treasures, Inc. (FVTI)
CIK:        0001626745
Form:       8-K
Filed at:   2022-07-08T23:59:59+00:00
Accession:  0001493152-22-018885
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Valley Treasures terminates agreement to acquire 70% of Valley Holdings
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- Termination agreement effective July 8, 2022; no equity had been transferred under the deal.
- Parties waived claims and have no further obligations under the original equity transfer agreement dated January 6, 2021.
- The target, Valley Holdings, owns ~88% of Valley Foods Holdings (Guangzhou) Co., Ltd., a food wholesale and additives company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626745/000149315222018885/0001493152-22-018885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626745/000149315222018885/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-018885

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