Item 2.01 Completion of Acquisition or Disposition of Assets.
On March 13, 2023, Verde Resources, Inc. (the "Company"), through its
wholly-owned subsidiary Verde Resources Asia Pacific Limited ("VRAP") (fka Gold
Billion Global Limited), a company incorporated under the laws of the British
Virgin Islands, entered into a Share Sale Agreement (the "SSA Agreement") with
Jusra Mining Merapoh Sdn Bhd ("JMM"), a company incorporated under the laws of
Malaysia, to sell the entire issued and paid-up share capital of Champmark Sdn
Bhd ("CSB"), an indirect wholly-owned subsidiary of the Company engaged in the
mining business. Under the terms of the SSA Agreement, the consideration for the
sale of the entire issued and paid-up share capital of CSB shall be satisfied in
full by the payment of Malaysia Ringgit MYR 500,000. The disposition of CSB was
completed on April 20, 2023.
Item 9.01 Financial Statements and Exhibits.
The Share Sale Agreement is attached hereto as Exhibit 10.1.
10.1 Share Sale Agreement with Jusra Mining Merapoh Sdn Bhd
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