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

Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001640334-23-000483
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000483/0001640334-23-000483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000483/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-000483

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