secwatch.observer — SEC 8-K summary
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Issuer:     Winning Catering Group, Inc. (WNHK)
CIK:        0001503658
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001493152-23-002041
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiquidValue Development completes sale of 112 single-family homes for $26.25M to related party Alset Inc.
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- Total consideration of $26,250,933 includes debt forgiveness of $13,900,000, promissory note of $11,350,933, and $1,000,000 cash.
- The sold subsidiary, American Home REIT Inc., owned 112 single-family rental homes; purchase price equaled book value as of Nov. 30, 2022.
- Pro forma 2022 net loss attributable to common stockholders improves from $(2.31M) to $(0.77M) after disposition.
- Transaction is with Alset Inc., which indirectly owns ~99.9% of LiquidValue; Chan Heng Fai is chairman/CEO of both entities.
- Pro forma balance sheet reduces real estate assets by $26.1M and note payables by $13.9M, with $11.35M promissory note receivable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1503658/000149315223002041/0001493152-23-002041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1503658/000149315223002041/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002041

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