Filing Analysis
🚪 Officer Departure
Filed Jul 01, 2024
⚪ LOW
Asiafin Holdings Corp. announced the appointment of two new independent directors, Dr. Louis Ramesh Ruben and Mr. Shibu Chacko Jacob Vadaketh, to its Board and Audit Committee. Both individuals will serve as independent directors effective July 1, 2024.
📋 Key Facts
- Dr. Louis Ramesh Ruben appointed as an independent director and Chairman of the Audit Committee effective July 1, 2024.
- Mr. Shibu Chacko Jacob Vadaketh appointed as an independent director effective July 1, 2024.
- Both directors will receive a monthly cash compensation of $500 starting July 1, 2024.
- Dr. Ramesh is a Chartered Accountant with extensive experience in auditing and risk management (formerly Arthur Andersen and BDO).
- Mr. Shibu has over 30 years of expertise in strategic planning, M&A, and technology audits.
📝 Material Agreement
Filed Jan 08, 2024
⚪ LOW
AsiaFIN Holdings Corp. entered into a joint venture agreement on January 3, 2024, with Greenpro KSP Holdings Group Co., Ltd. to incorporate a new entity, KSP AsiaFIN Co., Ltd.
📋 Key Facts
- Joint venture formed with Greenpro KSP Holdings Group Co., Ltd. (GPKSP).
- New entity name: KSP AsiaFIN Co., Ltd.
- AsiaFIN to acquire a 49% equity stake in the new company.
- Acquisition cost: THB 2,450,000 (approximately $70,000).
- Purpose: Exclusive distribution and implementation of OrangeWorkforce (RPA solution) in Thailand and Laos markets.
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