M&A - Fortune Valley Treasures, Inc.

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Form Type: 8-K

Filing Date: 2025-01-13

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225001850

Filing Summary: On December 19, 2024, Fortune Valley Treasures, Inc. entered into a Stock Purchase Agreement (the 'DaXing SPA') with Lin Yumin for the sale of 100% ownership of its subsidiary, DaXingHuaShang Investment Group Limited, including all its subsidiaries, for a purchase price of $250,000. The payment will be made through a promissory note bearing an interest rate of 8% per annum, with maturity on December 31, 2025. The acquisition was completed on December 31, 2024, and the related documents have been filed as Exhibits 10.1 and 10.2 of this report.

Document Link: View Document

Additional details:

Date Of Report: 2025-01-13

Agreement Date: 2024-12-19

Purchase Price: $250,000

Note Interest Rate: 8%

Note Due Date: 2025-12-31

Closing Date: 2024-12-31

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