ModuLink Inc. 8-K

What Happened
ModuLink Inc. (through its wholly owned subsidiary ModuLink InnoTech Limited) announced completion of its acquisition of a 60% equity interest in ASA Robotics Limited, a Hong Kong-based robotics and AI solutions company. The transaction closed on April 23, 2026 and was reported in a Form 8-K filed April 24, 2026. ASA Robotics is now a majority-owned subsidiary of ModuLink.

Key Details

• Buyer: ModuLink InnoTech Limited (MITL), a wholly owned subsidiary of ModuLink Inc.; Seller: Wah Shing Lam.
• Ownership: MITL acquired 60% of ASA Robotics’ issued and outstanding share capital; remaining 40% remains with existing minority shareholders.
• Consideration: ModuLink issued 6,500 shares of its Series A Convertible Preferred Stock to the selling shareholder, equal to ~HKD 5,000,000 (≈ USD 641,026).
• Governance & reporting: ModuLink expects to consolidate ASA Robotics in its financial statements; the ASA board will be reconstituted and the parties intend to amend the shareholders’ agreement to reflect the new ownership.

Why It Matters
This acquisition gives ModuLink majority control of a Hong Kong-based robotics and AI business, which the company will consolidate into its financials—meaning ASA Robotics’ assets, liabilities and operating results will be included in ModuLink’s reported results going forward. Investors should note the form of payment (Series A Convertible Preferred Stock) and the planned governance changes; these are material to ownership structure and financial reporting, but the company stated ASA Robotics’ day-to-day operations remain unchanged.