{"schema_version":"secwatch.filing_event.v1","accession":"0001753926-22-001472","form_type":"8-K","ticker":null,"cik":"0001623590","company_name":"Fintech Scion Ltd","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.475214+00:00","generated_at":"2026-06-21T18:32:53.231522+00:00","sec_items":["2.01","3.02","5.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"HWGC completes share exchange acquisition of HWGG Capital; control transferred to HWGG shareholders","bullets":["Issued 91,666,667 shares to HWGG Capital shareholders; they now own ~97.5% of HWGC.","Mr. Lim Chun Hoo holds 51,922,257 shares (~53.5%) becoming controlling shareholder.","Labuan FSA approval (Nov 11) requires eliminating deficit within 12 months and disposing unprofitable subs.","Parties waived SEC registration condition; shares issued as restricted, exempt under Section 4(a)(2)/Reg S.","Acquired company financials and pro forma info to be filed by amendment within 71 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001753926-22-001472","json":"https://secwatch.observer/filing/0001753926-22-001472.json","markdown":"https://secwatch.observer/filing/0001753926-22-001472.md","text":"https://secwatch.observer/filing/0001753926-22-001472.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1623590/000175392622001472/0001753926-22-001472-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1623590/000175392622001472/g083266_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:32:53.231522+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a06717b9c92673672d01a775ac49e14a16a69611","claim":"Fintech Scion Ltd completed an acquisition involving all of the shareholders of HWGG Capital (closed 2022-11-15).","evidence_excerpt":"On November 15, 2022, HWGC Holdings Limited, a Nevada corporation (the “ Company ”), consummated the share exchange transaction (the “ Share Exchange ”) contemplated by the Share Exchange Agreement, dated July 21, 2022 (the “ Share Exchange Agreement ”), by and among the Company, HWGG Capital P.L.C., a Labuan company (“ HWGG Capital ”), and all of the shareholders of HWGG Capital (the “ HWGG Shareholders ”). Pursuant to the terms and provisions of the Share Exchange Agreement, effective as of the closing (the “ Effective Time ”), the Company acquired all of the issued and outstanding ordinary shares of HWGG Capital (the “ HWGG Shares ”) from the HWGG Shareholders in exchange for an aggregate of 91,666,667 shares of common stock of the Company (the “ Exchange Shares ”), with each HWGG Shareholder receiving a pro rata portion of the Exchange Shares based upon the total number of HWGG Shares held by such HWGG Shareholder immediately prior to the Effective Time. As a result of the Share Ex","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1623590/000175392622001472/0001753926-22-001472-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"all of the shareholders of HWGG Capital"},{"label":"Closing","value":"2022-11-15"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}