Item 1.01 Entry into a Material Definitive Agreement
On June 20, 2021, WeConnect Tech International, Inc. (the "Corporation") and Ng
Chee Chun, an individual ("Purchaser") entered into that certain Share Sale
Agreement (the "Share Sale Agreement") pursuant to which the Corporation sold to
the Purchaser all shares of MIG Mobile Tech Berhad ("MIG Mobile") held by the
Corporation in consideration of Malaysia Ringgit One Thousand. The sale
consummated and was registered with the Malaysian Government pursuant to Section
51 of the Companies Act 2016 on August 24, 2021. As a result, MIG Mobile is no
longer a subsidiary of the Corporation.
The foregoing description of the Share Sale Agreement is qualified in its
entirety by reference to such Share Sale Agreement which is filed as Exhibit
10.1 to this Current Report and is incorporated herein by reference.
Item 2.01. Completion of Acquisition or Disposition of Assets.
The disclosure provided under Item 1.01 above is hereby incorporated by
Item 9.01. Financial Statements and Exhibits.
10.1 Share Sale Agreement, dated June 20, 2021, by and between WeConnect Tech
International Inc. and Ng Chee Chun
© Edgar Online, source Glimpses