---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024544"
form_type: "8-K"
ticker: "SEAV"
cik: "0001763660"
company_name: "SEATech Ventures Corp."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:16:56.263637+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SEATech Ventures acquires Just Supply Chain for $17.5M in stock

## Summary
- Acquires 100% of Just Supply Chain Ltd (JSCL), an online logistics booking platform in Malaysia.
- Consideration: 21,831,660 restricted shares at $0.80/sh, aggregate value $17,465,328 (MYR78M).
- Key employees (CEO, Sales & Marketing Dir, CFO) must remain for 2 years post-closing.
- Sellers warrant full PCAOB audit, sufficient working capital, and independent Crowe Advisory valuation.
- Shares held in escrow until closing; financials to be filed within 71 days.

## SEC filing metadata
- accession: 0001493152-23-024544
- form_type: 8-K
- ticker: SEAV
- cik: 0001763660
- company_name: SEATech Ventures Corp.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1763660/000149315223024544/0001493152-23-024544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1763660/000149315223024544/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024544
- JSON: https://secwatch.observer/filing/0001493152-23-024544.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024544.txt

## Key facts
- Material Agreements
  SEATech Ventures Corp. entered into Acquisition Agreement with Lee Wai Mun, Tai Kau @ Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei valued at $17,465,328 (effective 2023-07-12).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Lee Wai Mun, Tai Kau @ Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei
  - Value: $17,465,328
  - Effective: 2023-07-12
  source text: On July 12, 2023 SEATech Ventures Corp. (the “Company”) entered into an acquisition agreement (the “Agreement”) with Lee Wai Mun, Tai Kau @ Tai Fah Chong, Wong Tien Erl, Lee Han Cien, Lee Wai Chun, Eik Chu Yew, Wong Po Leng and Tok Kai Weei (the “ Vendors ”) , shareholders of Just Supply Chain Limited (“ JSCL ”) . Pursuant to the Agreement, the Vendors have agreed to sell to the Company an 100% equity stake in JSCL in consideration of a new issuance of 21,831,660 restricted shares of the Company’s common stock at $0.80 per share . The consideration was derived from an agreed valuation of JSCL at $17,465,328.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1763660/000149315223024544/0001493152-23-024544-index.htm

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