M&A
confidence high
sentiment neutral
materiality 0.50
Sino Green Land amends Invent Fortune acquisition to 36.5M shares in all-stock deal
Sino Green Land Corp.
- Corrects Invent Fortune stock consideration from 21,916,700 to 36,527,833.33 shares of common stock.
- Acquires all of Invent Fortune Sdn. Bhd. (Malaysia) for 36,527,833.33 shares, paid in 3 tranches: 20% at closing, 40% at 3 months, 40% at 6 months.
- Acceleration triggers: change of control, material breach, termination of Kee Seng Yam as director without cause, or his death/incapacity within first 3 months.
- Shares issued under Regulation S/Regulation D exemption; no cash consideration; closing subject to HSR and other conditions.