LiquidValue Development subsidiary inks $12.9M lot sale contract in Texas

Winning Catering Group, Inc.

150 CCM Black Oak Ltd, wholly owned subsidiary, agreed to sell 242 residential lots in Magnolia, TX for ~$12.9M.
Buyer Century Land Holdings of Texas LLC to purchase 132 lots by Dec 2022, remainder through 2023.
Buyer has 30-day inspection period and may decline; seller must complete development before closings.

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

Winning Catering Group, Inc. entered into Contract for Purchase and Sale and Escrow Instructions with Century Land Holdings of Texas, LLC valued at $12,881,000 (effective 2022-10-28).

Action: entry
Agreement: asset purchase
Counterparty: Century Land Holdings of Texas, LLC
Value: $12,881,000
Effective: 2022-10-28

Exact text from the filing

On October 28, 2022, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and a wholly owned subsidiary of LiquidValue Development Inc. (the “Company”), entered into a Contract for Purchase and Sale and Escrow Instructions (the “Agreement”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”).

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Winning Catering Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-030373

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