Sino Green Land Corp. Announces 60% Acquisition of Xing Da Plastics

What Happened Sino Green Land Corp. (SGLA) announced on August 7, 2026 that it entered into a Stock Purchase Agreement to acquire 60% of the issued and outstanding capital stock of Xing Da Plastics Sdn. Bhd. (Klang, Selangor, Malaysia). The purchase will be paid entirely in SGLA common stock — 4,800,000 shares total — issued in three tranches, with the first tranche of 960,000 shares issuable at closing. The agreement and related disclosures were filed in an 8‑K (Exhibit 10.1).

Key Details

• Purchase price/consideration: 4,800,000 shares of SGLA common stock (0.60 par value), representing 60% of Xing Da on a fully diluted basis. Xing Da sellers retain the remaining 40% pro rata.
• Tranche schedule: 960,000 shares at closing; 1,920,000 shares at three months (Second Tranche) and 1,920,000 shares at six months (Third Tranche), subject to milestone or time-based triggers.
• Acceleration & forfeiture: Second/Third tranches may accelerate if certain events occur within three months after closing (change of control, material breach by SGLA, termination without cause or death/incapacity of Huang Gangkan). If milestones are unmet, shares may be forfeited, prorated, carried over, or subject to a cure period per the SPA.
• Closing conditions and approvals: Closing is subject to representations and warranties being true, no Material Adverse Effect, required consents (including any HSR Act approval), delivery of target shares free of liens, and SGLA having sufficient authorized shares. The transaction may be terminated in specified circumstances.
• Filing note: The company also reported the matter under Item 3.02 (Unregistered Sales of Equity Securities); the SPA is attached as Exhibit 10.1.

Why It Matters This is a stock-for-stock acquisition that gives SGLA control (60%) of a Malaysia-based plastics company, potentially expanding the company’s operations or product mix in Southeast Asia without immediate cash outlay. The staged equity issuance and milestone/acceleration provisions mean future dilution to SGLA shareholders depends on performance, time triggers, and certain corporate events (e.g., change of control). Investors should watch for the closing (and any required regulatory approvals), issuance of the first tranche, and further disclosures about Xing Da’s financials or synergy plans.