09/29/2026 | Press release | Distributed by Public on 09/29/2026 15:01
Item 2.01. Completion of Acquisition or Disposition of Assets.
As previously disclosed, Sino Green Land Corporation (the "Company") entered into (i) a Stock Purchase Agreement with certain shareholders of Xing Da Plastics Sdn. Bhd. regarding the sale and purchase of the shares of Xing Da Plastics Sdn. Bhd. and (ii) a Stock Purchase Agreement with certain shareholders of Invent Fortune Sdn. Bhd. (the "Invent Fortune SPA") regarding the sale and purchase of the shares of Invent Fortune Sdn. Bhd.
On September 29, 2026, the Company completed the closing contemplated by the Xing Da SPA and acquired 60% of Xing Da's issued and outstanding capital stock. As consideration, the Company issued an aggregate of 4,800,000 shares of its common stock, par value $0.60 per share, to the Xing Da Sellers.
On September 29, 2026, the Company completed the closing contemplated by the Invent Fortune SPA and acquired all Invent Fortune's issued and outstanding capital stock. As consideration, the Company issued an aggregate of 36,527,833.33 shares of its common stock, par value $0.60 per share, to the Invent Fortune Sellers.
Item 3.02. Unregistered Sales of Equity Securities.
The disclosure set forth in Item 2.01 of this Current Report on Form 8-K is incorporated by reference herein. The shares of common stock issued to the Xing Da Sellers and the Invent Fortune Sellers were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering.