---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-006662"
form_type: "8-K/A"
ticker: "ASFH"
cik: "0001828748"
company_name: "ASIAFIN HOLDINGS CORP."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:28:44.420488+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AsiaFIN acquires StarFIN Holdings for $9.1M in stock; expands into payment, RPA, RegTech

## Summary
- Acquired 100% of StarFIN Holdings (SFHL) for 8,232,038 shares valued at $1.10/share, aggregate $9,055,242.
- SFHL provides payment processing, RPA, and RegTech solutions; over 60 bank customers and 100+ RPA customers in Asia.
- Closed Feb 23, 2023; CEO Wong Kai Cheong and director Hoo Swee Ping, both SFHL directors, received shares.
- SFHL audited financials (Dec 31, 2022): total assets $2.85M, total liabilities $1.41M, stockholders' equity $1.44M.
- Acquisition broadens AsiaFIN's service offerings into payment processing, RPA, and RegTech across Asia.

## SEC filing metadata
- accession: 0001493152-23-006662
- form_type: 8-K/A
- ticker: ASFH
- cik: 0001828748
- company_name: ASIAFIN HOLDINGS CORP.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828748/000149315223006662/0001493152-23-006662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828748/000149315223006662/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-006662
- JSON: https://secwatch.observer/filing/0001493152-23-006662.json
- Plain text: https://secwatch.observer/filing/0001493152-23-006662.txt

## Key facts
- M&A Transactions
  ASIAFIN HOLDINGS CORP. completed an acquisition involving StarFIN Holdings Limited for $9,055,242 (closed 2023-02-23).
  - Action: acquisition
  - Counterparty: StarFIN Holdings Limited
  - Consideration: $9,055,242
  - Closing: 2023-02-23
  source text: stock of SFHL. As consideration, we agreed to issue to the shareholders of SFHL 8,232,038 shares of our common stock, at a value of $1.10 per share, for an aggregate value of $9,055,242. We consummated the acquisition of SFHL on February 23, 2023. It is our understanding that the shareholders of SFHL are not U.S. Persons within the meaning of Regulations S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828748/000149315223006662/0001493152-23-006662-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.