secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001640334-23-000700
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Resources sells mining subsidiary Champmark Sdn Bhd for MYR 500,000
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- Completed sale of entire issued capital of Champmark Sdn Bhd (CSB) to Jusra Mining Merapoh Sdn Bhd on April 20, 2023.
- Consideration of MYR 500,000 (approx. $109k USD) satisfied in full.
- CSB was an indirect wholly-owned subsidiary of Verde Resources engaged in the mining business.
- Transaction executed via Verde Resources Asia Pacific Limited (VRAP), a BVI subsidiary.
- No material financial impact or gain/loss disclosed in the filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000700/0001640334-23-000700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000700/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-000700

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