---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-23-000483"
form_type: "8-K"
ticker: "VRDR"
cik: "0001506929"
company_name: "VERDE RESOURCES, INC."
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T10:18:53.632427+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Verde Resources to acquire 60% of VATA for MYR 2.25M in cash and stock

## Summary
- Acquisition of 60% stake in Vata VM Synergy (M) Sdn. Bhd., a Malaysian green technology and compost company.
- Total consideration of MYR 2,250,000: MYR 100,000 upfront, MYR 150,000 later, and MYR 2,000,000 in restricted common stock.
- Stock issuance price at up to 10% discount from 5-day VWAP preceding issuance date.
- Agreement dated March 23, 2023; transaction via wholly-owned subsidiary Verde Resources (Malaysia) Sdn. Bhd.

## SEC filing metadata
- accession: 0001640334-23-000483
- form_type: 8-K
- ticker: VRDR
- cik: 0001506929
- company_name: VERDE RESOURCES, INC.
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506929/000164033423000483/0001640334-23-000483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506929/000164033423000483/vrdr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-23-000483
- JSON: https://secwatch.observer/filing/0001640334-23-000483.json
- Plain text: https://secwatch.observer/filing/0001640334-23-000483.txt

## Key facts
- Material Agreements
  VERDE RESOURCES, INC. entered into Shares Sale Agreement with Murugesu A/L M. Narasimha and Deivamalar A/P Kandiah valued at total purchase consideration of Malaysia Ringgit MYR 2,250,000 (effective 2023-03-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Murugesu A/L M. Narasimha and Deivamalar A/P Kandiah
  - Value: total purchase consideration of Malaysia Ringgit MYR 2,250,000
  - Effective: 2023-03-23
  source text: On March 23, 2023, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Verde Resources (Malaysia) Sdn. Bhd. (“VRM”), a company incorporated under the laws of Malaysia, entered into a Shares Sale Agreement (the “SSA Agreement”) with Murugesu A/L M. Narasimha and Deivamalar A/P Kandiah (“Vendors”), the legal and beneficial owners of Vata VM Synergy (M) Sdn. Bhd. (“VATA"), a company incorporated under the laws of Malaysia, to acquire 60% of the issued and paid-up share capital of VATA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506929/000164033423000483/0001640334-23-000483-index.htm

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