M&A - Phoenix Plus Corp.
Form Type: 8-K
Filing Date: 2025-07-18
Corporate Action: Acquisition
Type: New
Accession Number: 000164117225020156
Filing Summary: On July 15, 2025, Phoenix Plus Corp. entered into a software purchase agreement with SunRay Equity Group Limited to acquire all rights, title, and interests in the SolarPulse Monitor. The acquisition involves the issuance of 480,000 ordinary shares valued at US$960,000 as consideration, with each share priced at US$2.00. The agreement was approved by the board of directors on the same date. The shares will be issued to the seller on a completion date to be agreed upon.
Additional details:
Date Of Report: 2025-07-18
Address Principal Executive Offices: 2-3 & 2-5 BEDFORD BUSINESS PARK, JALAN 3/137B, BATU 5, JALAN KELANG LAMA, 58200 KUALA LUMPUR, MALAYSIA
Telephone Number: (+603) 7971 8168
Class Of Security: Common Stock
Trading Symbol: PXPC
Consideration Shares Quantity: 480,000
Consideration Shares Value: US$960,000
Consideration Per Share: US$2.00
Seller Name: SunRay Equity Group Limited
Software Acquired: SolarPulse Monitor
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