UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 27, 2021 (June 20, 2021)
WE CONNECT TECH INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
| Nevada | | 000-52879 | | 39-2060052 |
(State or other jurisdiction
of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | | | |
| | | 1st Floor, Block A, Axis Business Campus No. 13A & 13B, Jalan 225, Section 51A 46100 Petaling Jaya Selangor, Malaysia | | |
| | | (Address of principal executive offices) | | |
| | | +60 17 380 2755 | | |
| | | (Registrant’s Telephone Number) | | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a - 12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13d-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each Class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, par value $0.001 | WECT | NA |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01 Entry into a Material Definitive Agreement
On June 20, 2021, WeConnect Tech International, Inc. (the “Corporation”) and Ng Chee Chun, an individual (“Purchaser”) entered into that certain Share Sale Agreement (the “Share Sale Agreement”) pursuant to which the Corporation sold to the Purchaser all shares of MIG Mobile Tech Berhad (“MIG Mobile”) held by the Corporation in consideration of Malaysia Ringgit One Thousand. The sale consummated and was registered with the Malaysian Government pursuant to Section 51 of the Companies Act 2016 on August 24, 2021. As a result, MIG Mobile is no longer a subsidiary of the Corporation.
The foregoing description of the Share Sale Agreement is qualified in its entirety by reference to such Share Sale Agreement which is filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference.
Item 2.01. Completion of Acquisition or Disposition of Assets.
The disclosure provided under Item 1.01 above is hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits.
(c). Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | WeConnect Tech International, Inc. |
| Dated: August 27, 2021 | | |
| | | |
| | By: | /s/ Shiong Han Wee |
| | | Shiong Han Wee |
| | | Chief Executive Officer |
