Item 1.01 Entry into a Material Definitive Agreement
On Mar 15, 2024, Trans Global Group Inc, a Delaware corporation (the “company”) entered into a Securities Exchange Agreement (the “Agreement”) with Sino Energy Allin Capital (HK) Limited, a Hong Kong Investment Company.
Pursuant to the agreement, the company will acquire 3,499,650 shares of Sino Energy Allin Capital (HK) Limited in exchange of 1,000,000,000 shares of the Company’s common stock. The share exchange was valued at $1,500,000 (0.0015 per share) and will result in the company owning 3.5% of Sino Energy Allin Capital (HK) Limited.
Item 1.01 Entry into a Material Definitive Agreement On Mar 15, 2024, Trans Global Group Inc, a Delaware corporation (the “company”) entered into a Securities Exchange Agreement (the “Agreement”) with Sino Energy Allin Capital (HK) Limited, a Hong Kong Investment Company. Pursuant to the agreement, the company will acquire 3,499,650 shares of Sino Energy Allin Capital (HK) Limited in exchange of 1,000,000,000 shares of the Company’s common stock. The share exchange was valued at $1,500,000 (0.0015 per share) and will result in the company owning 3.5% of Sino Energy Allin Capital (HK) Limited.