secwatch.observer — SEC 8-K summary
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Issuer:     Winning Catering Group, Inc. (WNHK)
CIK:        0001503658
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001493152-22-035573
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiquidValue Development subsidiary to sell 112 rental homes to Alset Inc. for $26.25M
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- Alset EHome Inc., a subsidiary, will sell entities owning 112 single-family rental homes to Alset Inc.
- Total consideration $26,250,933: debt forgiveness $13.9M, promissory note $11,350,933, cash $1,000,000.
- Purchase price equals book value of the subsidiary as of November 30, 2022.
- Closing subject to approval of stockholders of Alset International Limited.
- Transaction is with related parties; Chan Heng Fai is Chairman/CEO of all three entities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1503658/000149315222035573/0001493152-22-035573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1503658/000149315222035573/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035573

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