secwatch.observer — SEC 8-K summary
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Issuer:     ASIAFIN HOLDINGS CORP. (ASFH)
CIK:        0001828748
Form:       8-K/A
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001493152-23-006662
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828748/000149315223006662/0001493152-23-006662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828748/000149315223006662/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-006662

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