---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-000340"
form_type: "8-K"
ticker: "VRDR"
cik: "0001506929"
company_name: "VERDE RESOURCES, INC."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:22:57.349170+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001640334-23-000340
- form_type: 8-K
- ticker: VRDR
- cik: 0001506929
- company_name: VERDE RESOURCES, INC.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506929/000164033423000340/0001640334-23-000340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506929/000164033423000340/vrdr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-000340
- JSON: https://secwatch.observer/filing/0001640334-23-000340.json
- Plain text: https://secwatch.observer/filing/0001640334-23-000340.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506929/000164033423000340/0001640334-23-000340-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.