Mergers & Acquisitions ·
Sino Green Land Corp. filed an amendment to correct the aggregate stock consideration in its Stock Purchase Agreement…
SGLASino Green Land Corp.
Sino Green Land Corp. filed an amendment to correct the aggregate stock consideration in its Stock Purchase Agreement with Invent Fortune Sdn. Bhd., increasing the issuance from 21,916,700 shares to 36,527,833.33 shares of common stock. The acquisition involves purchasing all outstanding capital stock of Invent Fortune, a private limited company based in Malaysia. The consideration is issued in three tranches: 20% at closing, and the remaining 40% each upon specific conditions or milestones within three and six months post-closing. Acceleration clauses exist for events such as change of control or material breach. Sino Green Land Corp. operates in the real estate development industry.