M&A
confidence high
sentiment neutral
materiality 0.85
Marvion enters SPA to sell all Series A Preferred; Chan Sze Yu named CEO/CFO/Secretary/Director
Marvion Inc.
- Lee Ying Chiu Herbert sells 10M Series A Preferred shares (97.35% voting power) to Young Chi Kin Eric for assumption of ~$288K liabilities.
- Chan Sze Yu appointed as CEO, CFO, Secretary and Director effective at closing.
- Company in active discussions to acquire one or more operating businesses post-closing.
- SPA requires resignation of all current officers/directors and appointment of new board.