AsiaFIN Holdings to acquire StarFIN Holdings for $9.1M in restricted stock

ASIAFIN HOLDINGS CORP.

Acquires 100% of StarFIN Holdings, an investment holding firm with payment processing, RPA, and regtech services.
Purchase price of $9,055,242 paid via issuance of 8,232,038 restricted common shares at $1.10 per share.
Shares are restricted under Rule 144; closing expected on or before December 31, 2022.
StarFIN holds full equity in five subsidiaries: StarFIN Asia, OrangeFIN Asia, OrangeFIN Academy, Insite MY Innovations, Insite MY Systems.
Financial statements of StarFIN to be filed via amendment within 71 days.

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

ASIAFIN HOLDINGS CORP. entered into Agreement with Wong Kai Cheong, Hoo Swee Ping, Ang Teck Kong, Ng Kai Thim, and Cham Hui Yin valued at $9,055,242 (effective 2022-12-22).

Action: entry
Agreement: asset purchase
Counterparty: Wong Kai Cheong, Hoo Swee Ping, Ang Teck Kong, Ng Kai Thim, and Cham Hui Yin
Value: $9,055,242
Effective: 2022-12-22

Exact text from the filing

On December 22, 2022 AsiaFIN Holdings Corp. (the “Company”) entered into an acquisition agreement (the “Agreement”) with Wong Kai Cheong, Hoo Swee Ping, Ang Teck Kong, Ng Kai Thim, and Cham Hui Yin (the “ Vendors ”) , shareholders of StarFIN Holdings Limited. (“ SFHL ”) .

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ASIAFIN HOLDINGS CORP. filing history →

Source: SEC EDGAR

accession 0001493152-22-036222

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