Attached files
| file | filename |
|---|---|
| EX-2.1 - Greenpro Capital Corp. | ex2-1.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):
April
25, 2017
Commission
file number
000-55602
GREENPRO CAPITAL CORP.
(Exact name of registrant as specified in its charter)
Nevada
(State or Other Jurisdiction of Incorporation or Organization)
| 98-1146821 | 7374 | |
| (IRS
Employer Identification Number) |
(Primary
Standard Industrial Classification Code Number) |
Room 2201, 22/F Malaysia Building
50 Gloucester Road
Wanchai, Hong Kong
(852) 3111 7718
(Address & telephone number of principal executive offices)
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
Acquisition of Billion Sino Holdings Limited
On April 25, 2017, Greenpro Capital Corp,(“GRNQ”) and Mr. Yiu Yau Wing and Mr, Chui Sang Derek, representing the 91% & 9% shareholders of Billion Sino Holdings Limited respectively, a Seychelles corporation (“BSHL”), entered into a Sale and Purchase Agreement (the “SPA”), pursuant to which GRNQ acquired 60% of the issued and outstanding shares of BSHL. As consideration thereof, GRNQ agreed to issue to the shareholders of BSHL in the aggregate 340,645 restricted shares of GRNQ’s common stock at $3.5 per share, representing an aggregate purchase price of $1,192,258. The purchase price was determined based upon the Business Value of BSHL which includes, comprises, and covers all the assets including customers, fixed assets, cash and cash equivalents, liabilities of BSHL.
BSHL provides insurance intermediary business through its wholly-owned subsidiary as set forth below:
| Name | Business | |
| Parich Wealth Management Limited(Hong Kong) | Engages in insurance intermediary business in Hong Kong. Services scope includes long term and general insurance. A qualified member of Professional Insurance Brokers Association (“PIBA”) |
On April 25, 2017, GRNQ completed the acquisition.
The foregoing description of the Agreement is a summary only and is qualified in its entirety by the copy of the Agreement filed as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 9.01 | Financial Statements And Exhibits |
| (a) | Financial Statements of Business Acquired. |
Not applicable
| (b) | Pro Forma Financial Information. |
Not applicable
| (d) | Exhibits. |
| Exhibit No. | Description | ||
| 2.1 | Sale and Purchase Agreement, dated as of April 25, 2017, between Greenpro Capital Corp. and Mr. Yiu Yau Wing and Mr. Chui Sang Derek |
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, thereunto duly authorized.
| GREENPRO CAPITAL CORP. | ||
| (Name of Registrant) | ||
| Date: April 25, 2017 | By: | /s/ Lee Chong Kuang |
| Name: | Lee Chong Kuang | |
| Title: | Chief Executive Officer, | |
| President, Director | ||
| (Principal Executive Officer) | ||
| Date: April 25, 2017 | By: | /s/ Loke Che Chan, Gilbert |
| Name: | Loke Che Chan, Gilbert | |
| Title: | Chief Financial Officer, | |
| Secretary, Treasurer, | ||
| Director (Principal Financial | ||
| Officer, Principal Accounting Officer) |