secwatch.observer — SEC 8-K summary
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Issuer:     Sino Green Land Corp. (SGLA)
CIK:        0001433551
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001493152-23-006331
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sino Green Land enters non-binding LOI to acquire Sunshine Green Land Corp.
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- SGLA to acquire 100% of Sunshine Green Land Corp. in exchange for 142.9M common shares and 15.9M convertible preferred shares (conversion ratio 10).
- Sunshine Green owns Tian Li Eco Group, a plastic waste processing company.
- Transaction expected to close by April 21, 2023, subject to due diligence, definitive agreement, and board approval.
- Related party: Mr. Xiong Luo, spouse of CEO Wo Kuk Ching, is director of SGL; LOI resulted from arm's length negotiations.
- No assurance that definitive agreement will be reached.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433551/000149315223006331/0001493152-23-006331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433551/000149315223006331/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-006331

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