Weyland Tech, Inc. (OTCMKTS:WEYL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into Material Definitive Agreements.
On May 1, 2017, Weyland Tech, Inc. (the “Company”), a provider of
mobile business applications announces that it has signed a
definitive Share Purchase Agreement with Escape Pixel, a provider
of Web Development, Mobile Development, Digital Customized
Solutions, based in Singapore and Yangon Myanmar. The terms of
the agreement are confidential. Following the closing of the
transaction, Escape Pixel will become a wholly-owned subsidiary
of the Company.
On May 1, 2017, the Company signed a software development
agreement with Faith United Technology LTD, a Hong Kong based
software developer. Weyland Tech and Faith United are
collaborating on Online-to-Offline (O2O) applications initially
targeting the food service industry. Weyland Tech believes O2O
solutions allow merchants to reach online buyers that are not
directly served by Third Party Logistics providers (3PL) but can
reach more centralized physical locations for pick-up.
Item 9.01. Exhibits. Financial Statements and
Exhibits
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(c) |
Exhibits |
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10.1 |
Share Purchase Agreement dated May 1, 2017 |
About Weyland Tech, Inc. (OTCMKTS:WEYL)
Weyland Tech, Inc., formerly Seratosa, Inc., is specialized in providing e-commerce solutions and services that facilitate multi-channel business-to-consumer (B2C) and business-to-business (B2B) transactions. The Company manages its business through its segment, e-commerce solutions and service provider. The Company’s CreateApp is an M-commerce applications platform. The CreateApp platform is offered in over 10 languages and enables small-medium-sized businesses (SMBs) to create a mobile application without the need of technical knowledge, investment and background in information technology (IT). The Company offers the CreateApp platform in Singapore (www.createappsingapore.com), India (Jaipur) (www.aapkiapp.in) and the United States/Canada (www.createappamericas.com). The Company offers a DIY App builder through a white label platform in European Union (excluding Russia, Turkey, Armenia and Azerbaijan), Malaysia, Hong Kong/South China, Indonesia, North America and Korea. Weyland Tech, Inc. (OTCMKTS:WEYL) Recent Trading Information
Weyland Tech, Inc. (OTCMKTS:WEYL) closed its last trading session down -0.04 at 3.68 with 1,902 shares trading hands.