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

Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001640334-23-000254
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Resources completes acquisition of biofraction plant assets and licensed IP from Borneo Energy for 166.7M shares
--------------------------------------------------------------------------------

- Consideration: 166,666,667 shares of restricted common stock at $0.03 per share.
- Assets acquired: biofraction plant and Catalytic Biofraction Process IP in Sabah, Malaysia.
- S&P Agreement signed May 10, 2021; completion occurred February 24, 2023.
- Acquisition made through wholly-owned subsidiary Verde Resources Asia Pacific Limited (VRAP).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000254/0001640334-23-000254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000254/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-000254

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