Verde Resources sells mining subsidiary Champmark Sdn Bhd for MYR 500,000

VERDE RESOURCES, INC.

Entire share capital of CSB sold to Jusra Mining Merapoh Sdn Bhd for MYR 500,000.
Sale in line with restructuring to shift focus to renewable energy and sustainability.
Transaction date: March 13, 2023; Seller is Verde Resources Asia Pacific Ltd (VRAP).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VERDE RESOURCES, INC. entered into Share Sale Agreement with Jusra Mining Merapoh Sdn Bhd valued at Malaysia Ringgit MYR 500,000 (effective 2023-03-13).

Action: entry
Agreement: asset purchase
Counterparty: Jusra Mining Merapoh Sdn Bhd
Value: Malaysia Ringgit MYR 500,000
Effective: 2023-03-13

Exact text from the filing

entered into a Share Sale Agreement (the “SSA Agreement”) with Jusra Mining Merapoh Sdn Bhd (“JMM”), a company incorporated under the laws of Malaysia, to sell the entire issued and paid-up share capital of Champmark Sdn Bhd

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VERDE RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001640334-23-000340

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