secwatch.observer — SEC 8-K summary
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Issuer:     SEATech Ventures Corp. (SEAV)
CIK:        0001763660
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001493152-24-017903
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEATech Ventures terminates acquisition of Just Supply Chain Limited; shares returned
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- On May 6, 2024, SEATech terminated the July 12, 2023 Acquisition Agreement to acquire 100% of JSCL.
- Original deal valued JSCL at $17,465,328, with 21,831,660 SEAV shares ($0.80/share) as consideration.
- Board decided to terminate on March 27, 2024 due to unresolved outstanding matters by JSCL.
- Deed of Mutual Termination returns all JSCL shares to vendors and all 21,831,660 SEAV shares to the company.
- No consideration paid or received; both parties released from further obligations under the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763660/000149315224017903/0001493152-24-017903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763660/000149315224017903/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017903

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