secwatch.observer — SEC 8-K summary
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Issuer:     Marvion Inc. (MVNC)
CIK:        0001439264
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001683168-24-008149
Event type: other_material
Sentiment:  positive
Materiality: 0.35
LLM model:  deepseek-v4-flash:cloud@v2

Marvion subsidiary signs 3-year storage lease worth HKD 420K/month (~$53.8K)
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- UWML, a Marvion subsidiary, entered a 3-year Storage Service Agreement with Lei Tat Trading, starting Nov 16, 2024.
- Monthly fee HKD 420,000 (~USD $53,846) for 30,000 sq ft warehouse space; deposit HKD 1,260,000.
- Agreement automatically renews for one year unless terminated with 3 months' notice; early termination restrictions within first 33 months.
- Marvion's subsidiary must apply for change of use to 'Proposed Temporary Storage of Construction Materials' within 2 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439264/000168316824008149/0001683168-24-008149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439264/000168316824008149/marvion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008149

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