Attached files
| file | filename |
|---|---|
| EX-10 - EX-10 - VERDE RESOURCES, INC. | vrdr_ex10.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 11, 2021
| Verde Resources, Inc. |
| (Exact name of registrant as specified in its charter) |
| Nevada |
| 000-55276 |
| 32-0457838 |
| (State or other jurisdiction of |
| (Commission |
| (IRS Employer |
| incorporation) |
| File Number) |
| Identification No.) |
| Block B-5, 20/F, Great Smart Tower, 230 Wanchai Rd, Wanchai, Hong Kong |
| (Address of principal executive offices) |
Registrant’s telephone number, including area code (852) 21521223
_________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 1.01 Entry into a Material Definitive Agreement
On June 11, 2021, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Gold Billion Global Limited (“GBL”), a company incorporated under the laws of the British Virgin Islands, entered into a Sale and Purchase of Assets Agreement (the “SPA Agreement”) to purchase a factory site from a Malaysia company Segama Ventures Sdn Bhd (“Segaman Ventures”) in order to expand the Company’s biofraction plant in Malaysia.
Under the terms of the SPA Agreement, the acquisition is satisfied by cash payment of $1,600,000 in two instalments of $800,000 each, one payment upon signing the SPA Agreement, and the second payment within three (3) months from the date of the SPA Agreement.
Item 9.01 Financial Statements and Exhibits
The Sale and Purchase of Assets Agreement is attached hereto as Exhibit 10.
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VERDE RESOURCES, INC.
| /s/ Balakrishnan B S Muthu |
|
| Balakrishnan B S Muthu |
|
| President, and Director |
|
| Date: June 16, 2021 |
| 3 |