Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Fintech Scion Ltd completed a disposition involving Leong Yee Ming for RM4,500,002 (closed 2022-12-30).
- Action
- disposition
- Counterparty
- Leong Yee Ming
- Consideration
- RM4,500,002
- Closing
- 2022-12-30
Exact text from the filing
and Exchange Commission on each of November 15, 2022, and November 30, 2022, regarding said acquisitions. The Company sold the Subsidiaries for an aggregate purchase price of RM4,500,002 (the “ Purchase Price ”), with RM4,500,000 allocated for the purchase of Vitaxel and RM2 for the purchase of Vionmall. The Purchase Price was paid by the Purchaser’s assumption of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Fintech Scion Ltd entered into Stock Purchase Agreement with Leong Yee Ming and Vitaxel Sdn Bhd valued at RM4,500,002 (effective 2022-12-30).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Leong Yee Ming and Vitaxel Sdn Bhd
- Value
- RM4,500,002
- Effective
- 2022-12-30
Exact text from the filing
On December 30, 2022, HWGC Holdings Limited, a Nevada corporation (the “ Company ”), entered into a stock purchase agreement (the “ Agreement ”) with Leong Yee Ming, a member of the board of directors of the Company and the Company’s Chief Executive Officer, Chief Financial Officer, and Secretary (the “ Purchaser ”), and, for purposes of the assignment of certain intercompany debt, Vitaxel Sdn Bhd, a wholly-owned subsidiary of the Company which is incorporated in Malaysia (“ Vitaxel ”).
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