Vestand Inc.
08/13/2026 | Press release | Distributed by Public on 08/13/2026 10:48
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
Vestand Inc. (the "Company") owned 200 shares of common stock of Vestand Korea Co., Ltd. ("Vestand Korea"). On July 30, 2026, the Company entered into a Stock Transfer Agreement to sell the Company's 200 shares of common stock of Vestand Korea to Mr. Sang-Woo Noh for KRW 5,000 per share for a total of KRW 1,000,000. The Company has the right to repurchase all 200 shares of Vestand Korea from Mr. Noh for a total purchase price of KRW 1,100,000 until July 28, 2027.
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