Square Chain Corp. announced that it purchased M Line Holdings Inc.'s real estate assets and its 55% interest in the Caravel Group using stock of the Company. The stock being issued to M Line Holdings Inc. for these companies gives M Line a controlling interest in SQCC.

Furthermore, Mr. Jeffrey Parker has resigned from his position as a director and CEO of SQCC and Mr. Anthony Anish has been appointed CEO and Mr. Jitu Banker CFO and Directors of the Company.