M&A
confidence high
sentiment neutral
materiality 0.40
Greenpro Capital acquires 0.99% stake in Greenophene Technologies for $1.2M in stock
Greenpro Capital Corp.
- Consideration of $1.2M paid with 800,000 restricted GRNQ shares at $1.50 per share.
- Shares held in escrow until closing; acquisition covers 10 shares (0.99%) of GTL.
- Unregistered stock issuance under Rule 506 of Regulation D; shares are restricted under Rule 144.
- Seller Lim Chee Yin; agreement includes customary reps, warranties, and covenants.