HeartCore Enterprises Announces Sale of 51% Stake in Vietnam JV

What Happened
HeartCore Enterprises, Inc. announced on August 3, 2026 that it entered into a Capital Contribution Portion Transfer Agreement to sell its entire 51% ownership interest in Heartcore Luvina Vietnam Company Limited (HLVC) to Luvina Software Joint Stock Company. The agreed purchase price is JPY 29,000,000 (approximately $184,093). The company furnished a press release about the agreement on August 7, 2026 and expects the transaction to close on or before August 14, 2026.

Key Details

• Seller: HeartCore Enterprises, Inc.; Buyer: Luvina Software Joint Stock Company (which currently owns the remaining 49% of HLVC).
• Stake sold: 51% of Heartcore Luvina Vietnam Company Limited (HLVC).
• Consideration: JPY 29,000,000 (approx. $184,093).
• Agreement date and disclosure: Transfer Agreement dated August 3, 2026; press release furnished August 7, 2026; closing expected by August 14, 2026.

Why It Matters
This sale transfers HeartCore’s ownership and control of HLVC to Luvina and will generate a cash inflow of roughly $184k. Investors should note the company is divesting this joint venture interest—any related revenue, expenses, assets or liabilities tied to HLVC will no longer be attributable to HeartCore after closing. Review upcoming earnings reports and SEC filings for details on the financial impact and any use of proceeds.