secwatch.observer — SEC 8-K summary
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Issuer:     King Resources, Inc. (KRFG)
CIK:        0000774415
Form:       8-K
Filed at:   2026-11-09T13:12:22+00:00
Accession:  0001683168-26-008411
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

King Resources unit to buy $12.3M of ceramics from Grand View, paid in KRFG stock at $0.235/share
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- Three purchase agreements dated Nov 5, 2026 with Hong Kong's Grand View Assets Management: 6 ceramics for $4,221,908, 1 for $770,445 and 12 for $7,344,385, totaling $12,336,738.
- Consideration is payable in KRFG common stock at $0.235 per share, implying roughly 52.5 million shares issued for the collectibles.
- Exhibit 10.1 Appendix B directs the $4,221,908 to Grand View ($2,864,867) plus individuals Zhou Shenglai ($1,145,946) and Yu Sheung Kwan ($211,095).
- Closing must occur within 36 months of signing; buyer Heavenly Grace Ltd may return the collectibles and terminate if it finds discrepancies before closing.
- KRFG CEO Wong Nga Yin Polin signed for both Heavenly Grace and King Resources; Grand View director Chan Chang Yuen signed for the seller.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/774415/000168316826008411/0001683168-26-008411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/774415/000168316826008411/king_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-008411

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