Key Highlights
● Sino Green Land closed two Malaysian acquisitions on September 29, 2026, paying for both entirely with newly issued common stock.
● It acquired 60 percent of Xing Da Plastics for 4,800,000 shares and all of Invent Fortune for 36,527,833.33 shares.
● The shares were issued to the sellers under the Section 4(a)(2) exemption for transactions not involving a public offering.
● The 8-K includes no financial statements for either target and does not name the sellers or explain the pricing.
Sino Green Land Corp. (OTC:SGLA) told the SEC on September 29, 2026 that it has closed two acquisitions in Malaysia, paying for both entirely with newly issued common stock. In a Current Report on Form 8-K, the Nevada company said it acquired 60 percent of the issued and outstanding capital stock of Xing Da Plastics Sdn. Bhd. in exchange for 4,800,000 shares, and all of the issued and outstanding capital stock of Invent Fortune Sdn. Bhd. in exchange for 36,527,833.33 shares. Together, the two issuances come to 41,327,833.33 shares.
What the Filing Reports
The report covers two Items. Item 2.01, Completion of Acquisition or Disposition of Assets, is used when a significant purchase has actually been completed rather than merely agreed. Sino Green Land says it "completed the closing contemplated by the Xing Da SPA and acquired 60% of Xing Da's issued and outstanding capital stock," and separately "completed the closing contemplated by the Invent Fortune SPA and acquired all Invent Fortune's issued and outstanding capital stock." Both closings are dated September 29, 2026, the day the report was filed. "SPA" is the filing's shorthand for a share purchase agreement.
Item 3.02, Unregistered Sales of Equity Securities, covers the stock paid to the sellers. The filing states that the shares issued to the "Xing Da Sellers" and the "Invent Fortune Sellers" were issued in reliance on the exemption in Section 4(a)(2) of the Securities Act of 1933, which covers transactions not involving a public offering. In practical terms, the sellers received the shares directly from the company rather than through a registered offering.
The filing describes the shares as common stock with a par value of $0.60 per share. Par value is an accounting label set in a company's charter and is not the same as the price paid or the market value of the stock.
What the Filing Does Not Say
The report is short. It does not describe what Xing Da Plastics or Invent Fortune do beyond their names and their Malaysian company form, "Sdn. Bhd.", the abbreviation for a private limited company. It does not name the sellers, explain how the share exchange was priced, or say how either target was valued. It does not say whether any seller will join the company as an officer or director, whether the sellers are related to Sino Green Land or its management, or whether any lock-up or resale restriction applies to the new shares.
The filing also includes no financial statements for either business and no Item 9.01, the item where companies ordinarily report financial statements and pro forma information when an acquisition is large enough to require them. It does not say whether the acquisitions meet that threshold.
Sino Green Land lists its principal executive offices in Semenyih, Selangor, Malaysia, and its shares are quoted on the OTC Markets under the symbol SGLA. The report was signed by Wong Ching Wing, Chief Executive Officer.
Why the Share Count Matters
Because the consideration was paid in stock rather than cash, the transactions add roughly 41.3 million shares to Sino Green Land's common stock outstanding. The filing does not state how many shares were outstanding beforehand, so it does not show what proportion of the company the new shares represent.
Xing Da and Invent Fortune Share Issuance Explained
Look for any amended Form 8-K adding financial statements or pro forma information for Xing Da Plastics and Invent Fortune, since the 8-K includes none. The company's next quarterly report on Form 10-Q should show how the acquisitions are accounted for and the updated share count, and may say more about the sellers and the terms of the share purchase agreements. Until then, the filing confirms the two closings and the share issuances, but little else about the businesses acquired.






Please wait processing your request...