Sino Green Land converts $2.4M in loans into stock
The conversion canceled the loans in full, and each creditor released Sino Green Land from claims relating to its loan.
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Rhea-AI Filing Summary
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.
Filing Explained
The completed debt conversion issued 4,801,056 common shares, increasing the share count and reducing existing holders’ percentage ownership, absent offsetting changes. The filing gives no post-issuance share count, so the percentage dilution cannot be sized from this disclosure.
8-K Event Classification
Key Figures
Key Terms
Debt-to-Equity Conversion Agreement financial
unsecured, non-interest-bearing demand loans financial
Section 4(a)(2) regulatory
Rule 506 of Regulation D regulatory
restrictive legend regulatory
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