Current Report Filing (8-k)
08 Juin 2017 - 7:02PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
June 5, 2017
GLOBAL
EQUITY INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-54557
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27-3986073
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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X3
Jumeirah Bay, Office 3305,
Jumeirah
Lake Towers
Dubai,
UAE
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code:
+ (971) 42767576
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2., below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4(c))
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Item
1.01 Entry into a Material Definitive Agreement.
On
June 5, 2017, Global Equity International, Inc. (“GEI”) entered into and closed a Stock Purchase Agreement, pursuant
to which GEI sold 100% of the common stock of one of GEI’s wholly-owned subsidiaries, Global Equity Partners Plc., to Mr.
Panithan Namsak, a citizen of the Kingdom of Thailand.
Mr.
Namsak is not an affiliate of GEI.
Item 2.01 Completion
of Acquisition or Disposition of Assets.
On
June 5, 2017, Global Equity International, Inc. (“GEI”) entered into and closed a Stock Purchase Agreement, pursuant
to which GEI sold 100% of the common stock of one of GEI’s wholly-owned subsidiaries, Global Equity Partners Plc., to Mr.
Panithan Namsak, a citizen of the Kingdom of Thailand.
Mr.
Namsak is not an affiliate of GEI
.
Global
Equity Partners Plc (“GEP”) owned various assets comprised of common shares in the following entities:
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2,000,000
common shares of M1 Lux AG
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1,500,000
common shares of Monkey Rock Group
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3,200,000
common shares of Voz Mobile Limited
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3,000,000
common shares of Arrow Cars International Inc.
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400,000 common shares of Direct Security Integration Inc.
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600,000 common shares of Primesite Developments Inc.
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The
book value of the above shares on the consolidated balance sheet of GEI and its subsidiaries was $603,000.
The
consideration for the purchase of GEP by Mr. Panithan was his assumption of all liabilities and indebtedness of GEP in the approximate
amount of $626,052. No cash consideration was paid to GEI by Mr. Namsak.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
– See “Exhibit Index” set forth below.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Dated: June 8, 2017
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GLOBAL EQUITY INTERNATIONAL, INC.
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By:
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/s/ Peter J. Smith
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Peter J. Smith
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Chief Executive Officer
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EXHIBIT
INDEX
List
of Exhibits attached or incorporated by reference pursuant to Item 601 of Regulation S-B
Exhibit
No.
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Document
Description
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10.1
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Stock Purchase Agreement,
dated June 5, 2017, by and between Global Equity International, Inc. and Mr. Panithan Namsak
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