secwatch.observer — SEC 8-K summary
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Issuer:     Fintech Scion Ltd (—)
CIK:        0001623590
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001753926-22-001472
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HWGC completes share exchange acquisition of HWGG Capital; control transferred to HWGG shareholders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1623590/000175392622001472/0001753926-22-001472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1623590/000175392622001472/g083266_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-22-001472

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