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Phoenix Plus Corp. (OTC:PXPC) announced Friday that it has entered into a software purchase agreement to acquire all rights, title, and interests in the SolarPulse Monitor software from SunRay Equity Group Limited. According to a statement based on a recent SEC filing, the agreement was approved by Phoenix Plus Corp.’s board of directors on Tuesday.
Under the terms of the agreement, Phoenix Plus Corp., incorporated in Nevada, will issue 480,000 ordinary shares at a price of $2.00 per share to SunRay Equity Group Limited, for a total consideration of $960,000. The completion date for the issuance of these shares will be determined by mutual agreement between the two companies.
The transaction involves the full acquisition of the SolarPulse Monitor software, as described in the agreement. SunRay Equity Group Limited is incorporated in the British Virgin Islands.
Phoenix Plus Corp. trades on the OTC Markets – Pink Sheets under the symbol PXPC. The company is classified under construction special trade contractors.
This information is based on a press release statement included in a Form 8-K filing with the U.S. Securities and Exchange Commission.
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