M&A
confidence high
sentiment neutral
materiality 0.70
King Resources unit to buy 29 ceramic collectibles for $22.3M in stock at $0.236/share
King Resources, Inc.
- Heavenly Grace, a wholly owned King Resources unit, agreed Nov 3-5, 2026 to buy 29 ceramic collectibles from three Hong Kong sellers.
- Total price is $22,261,659: $4,418,165 from Herbertini for 7 pieces, $9,062,214 from Silver Bloom for 13, and $8,781,280 from Grand View for 9.
- Consideration is payable in KRFG common stock at $0.236/share, implying about 94.3M shares issued across the three deals.
- Closings may occur up to 36 months after signing; buyer can return items and terminate if it finds discrepancies before closing.
- Silver Bloom's address is Unit 608, 6/F, Fotan Industrial Centre, 26-28 Au Pui Wan Street—same Fo Tan building as King Resources' Unit 1813 office.