Sino Green Land Corp. converted $2,400,528 of unsecured, non-interest-bearing demand loans into 4,801,056 shares of common stock at a fixed conversion price of $0.50 per share under an agreement that closed September 30, 2026. The creditors were Luo Xiong and Wo Kuk Ching, Empower International Trading Sdn. Bhd., and Xu Liming. The first two creditors and Empower are described as controlling persons of the company or entities controlled by controlling persons.
Luo Xiong and Wo Kuk Ching received 2,795,340 shares against $1,397,670 in loans; Empower received 1,751,716 shares against $875,858; and Xu Liming received 254,000 shares against $127,000. At closing, the loans were cancelled and extinguished in full, and each creditor released the company from claims relating to its loan. The unregistered shares were issued in reliance on exemptions for transactions not involving a public offering and are subject to transfer restrictions and a restrictive legend.
On September 30, 2026, Sino Green Land Corporation entered into an agreement to acquire 80% of Hi-Quality Productions Inc.’s issued and outstanding capital stock for US$1,800,000, subject to closing conditions. Consideration is 30% cash (US$540,000) and 70% Company common stock valued at US$1,260,000, issued at US$0.60 per share; the seller retains the remaining 20%.
Consideration is payable in three tranches: at closing, six months after closing and twelve months after closing. The first tranche is US$216,000 cash and 840,000 shares valued at US$504,000. The final tranche adjusts to Hi-Quality’s audited fiscal 2026 net income: total consideration becomes US$1,980,000 if net income exceeds US$550,000, remains US$1,800,000 between US$450,000 and US$550,000, and follows the agreement’s formula below US$450,000. If the Company uplists to Nasdaq and the first 20 trading days’ volume-weighted average price is below US$0.60, it must pay the per-share difference for shares issued or issuable. The common-stock issuance is intended to be exempt from registration under Section 4(a)(2) and/or Rule 506 of Regulation D.
Sino Green Land Corp. (SGLA) completed two acquisitions on September 29, 2026: it acquired 60% of Xing Da Plastics Sdn. Bhd. and all of Invent Fortune Sdn. Bhd.’s issued and outstanding capital stock. As consideration, SGLA issued 4,800,000 common shares to the Xing Da sellers and 36,527,833 common shares to the Invent Fortune sellers.
The transaction terms describe the issued shares as having a $0.60 par value per share, while SGLA’s cover identifies its common stock as having a $0.001 par value. The shares were issued under the Securities Act Section 4(a)(2) exemption for transactions not involving any public offering.
Sino Green Land Corp. (SGLA) reported fiscal 2026 revenue of $1,422,451, up 6.3% from $1,338,300, while net loss narrowed to $1,393,031 from $1,808,994. Revenue growth primarily reflected Malaysian ringgit translation; customer count and average order value remained broadly consistent.
As of June 30, 2026, current liabilities exceeded current assets by $4,482,441; cash used in operating activities was $99,654, and accumulated deficit was $6,093,584. Management and its independent auditor cited substantial doubt about SGLA’s ability to continue as a going concern within one year after the consolidated financial statements are issued. Disclosure controls were ineffective as of June 30, 2026; reported weaknesses included no independent board or audit committee, inadequate segregation of duties and insufficient U.S. GAAP expertise.
Under a May 22, 2026 subscription agreement, an investor agreed to buy 2,000,000 shares at $0.50 each for $1,000,000; $200,000 had been received by June 30, with the remaining $800,000 to be received within one year thereafter. On August 7, 2026, SGLA agreed, subject to closing and applicable conditions and milestones, to acquire 100% of Invent Fortune Sdn. Bhd. and 60% of Xing Da Plastics Sdn. Bhd. for 36,527,833 and 4,800,000 common shares, respectively.
Sino Green Land Corp. (SGLA) received a Rule 144 notice from Chief Executive Officer Kuk Ching for a proposed resale of up to 1,000,000 shares of common stock through Glendale Securities on OTC Markets. The shares were originally acquired on October 1, 2023 via a share exchange.
Sino Green Land Corp. (SGLA) amended a prior current report to correct the equity consideration disclosed for acquiring Invent Fortune Sdn. Bhd. The stock purchase agreement now provides for an aggregate of 36,527,833.33 shares of SGLA common stock to be issued to Invent Fortune’s equity holders in exchange for all issued and outstanding Invent Fortune shares.
The consideration is structured in three tranches: 20% at closing, and 40% each after approximately three and six months or upon achieving specified milestones, with potential acceleration upon certain events such as a change of control or specified issues involving Kee Seng Yam. Closing is subject to customary conditions, including accuracy of representations, absence of a Material Adverse Effect, required consents, and any approvals under the HSR Act. The shares will be issued in a private placement intended to rely on Section 4(a)(2) and/or Rule 506 of Regulation D, with transfer restrictions and legend requirements.
Sino Green Land Corporation agreed to acquire majority and full ownership interests in two Malaysian companies using newly issued common stock. It signed a stock purchase agreement to acquire 60% of Xing Da Plastics Sdn. Bhd. in exchange for 4,800,000 shares, and a separate agreement to acquire 100% of Invent Fortune for 21,916,700 shares. In each deal, the consideration will be issued in three tranches (20%, then 40%, then 40%) based on time-based triggers three and six months after closing and specified milestones, with potential acceleration upon events such as a change of control or certain director changes. Both transactions are subject to customary representations, warranties, closing conditions and possible termination rights, including required consents and any approvals under the Hart-Scott-Rodino Antitrust Improvements Act. The share issuances are intended to rely on exemptions from registration under Section 4(a)(2) and Rule 506 of Regulation D for offerings to accredited investors.
Sino Green Land Corp. director and 10% owner Wo Kuk Ching reported two non-market restructuring transactions in the company’s common stock. A 500-for-1 reverse stock split on November 21, 2022 reduced his beneficial ownership from 380,000,000 shares to 760,000 shares. On October 1, 2023, under a Share Exchange Agreement with Sunshine Green Land Corp. SGL, he acquired 56,122,222 shares of common stock. After these adjustments, he beneficially owns 56,122,222 shares, with both events reported under transaction code J for “other acquisition or disposition,” not as open-market buys or sells.
Sino Green Land Corporation reported higher sales but continued losses in its quarter ended March 31, 2026, and reiterated substantial doubt about its ability to continue as a going concern. Net revenues reached $334,766 for the quarter and $1,060,984 for the nine months, driven by increased sales of recycled plastic products.
The company recorded a nine‑month net loss of $718,959, though this was 39% lower than the prior year as cost of revenues declined and volumes rose. At March 31, 2026, current liabilities of $4,912,454 far exceeded current assets of $721,616, resulting in a working capital deficit of $4,190,838 and stockholders’ deficit of $2,873,004. Management is pursuing debt and equity financing and has a support letter from its holding company, but there is no assurance these plans will succeed.
Sino Green Land Corporation reported higher sales but continued losses for the quarter and six months ended December 31, 2025. Net revenues rose to $278,161 for the quarter and $725,205 for the six months, up from $116,936 and $574,230 a year earlier, mainly from increased sales of third‑party plastic recycled products.
The company still generated a gross loss and recorded a six‑month net loss of $412,951, though this narrowed from $691,975 in the prior period as cost of revenues declined and volumes improved. Operating cash flow turned positive at $817,693, but cash remained modest at $172,985 as of December 31, 2025.
Financial pressure remains severe. Current liabilities of $5,689,934 far exceed current assets of $795,041, leaving a working capital deficit of $4,894,893 and a stockholders’ deficit of $2,870,017. The company discloses substantial doubt about its ability to continue as a going concern and relies heavily on related‑party funding and bank loans.
Internal controls over financial reporting were deemed not effective due to a lack of an independent board and audit committee, inadequate segregation of duties, and limited U.S. GAAP expertise. After quarter end, the company agreed to sell 283,500 common shares in a private placement, providing some additional equity capital.