secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sino Green Land Corp. (SGLA)
CIK:        0001433551
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001493152-24-006894
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.01, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SGLA completes reverse merger with Tian Li; Luo family gains 89.78% control
---------------------------------------------------------------------------

- On Oct 1, 2023, SGLA acquired SGL via share exchange: 160.3M common + 1.78M preferred shares issued.
- Post-merger, Luo Xiong and family control 89.78% of SGLA (up from 65.7% pre-merger).
- Tian Li is a Malaysia-based PET recycler with capacity: 50K tons/yr PET flakes, 3K tons strapping belts, 3.5-4K tons HDPE pellets.
- SGL (pre-acquisition) incurred net loss of $1.0M for FY ended June 30, 2023; going concern doubt noted.
- Company ceased to be a shell company; primary business is now plastic recycling and renewal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433551/000149315224006894/0001493152-24-006894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433551/000149315224006894/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006894

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer