WF International Issues Unregistered Shares for Advisory Services Linked to Chaokun Acquisition
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WF International Ltd. has issued over 1.6 million unregistered ordinary shares to two advisors as compensation for consulting services related to its acquisition of Chengdu Chaokun Sports Culture Development Co., Ltd. The share-based payments, valued at $920,000, indicate a strategy of using equity compensation to fund advisory services, which may dilute existing shareholders but conserve cash. This move highlights the company's active deal-making in the sports culture sector and its approach to enhancing visibility in U.S. markets.
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