SEATech Ventures Corp. (SEAV): M&A transaction — SEATech acquires 100% of Just Supply Chain for ~$16.5M in stock

SEATech Ventures Corp.

Acquisition of Just Supply Chain Limited (JustLorry) completed on October 13, 2023.
Total consideration MYR78 million (~US$16.5 million) paid in 21,831,660 shares at $0.80 each.
Press release titled 'SEATech Ventures Completes 100% Acquisition of JustLorry' issued October 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SEATech Ventures Corp. completed an acquisition involving Just Supply Chain Limited (JSCL) for MYR78 million, equivalent to approximately US$ 16.5 million (closed 2023-10-13).

Action: acquisition
Counterparty: Just Supply Chain Limited (JSCL)
Consideration: MYR78 million, equivalent to approximately US$ 16.5 million
Closing: 2023-10-13

Exact text from the filing

acquisition of one hundred percent (100%) of the equity of Just Supply Chain Limited (“ JSCL ”) . The purchase of 100% of the shares in JSCL was agreed at a consideration of MYR78 million, equivalent to approximately US$ 16.5 million (“ Consideration ”), consisting of 21,831,660 units in stock, based on an issuance price of $0.80 per share. A copy of the Press

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SEATech Ventures Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-039061

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