Marvion Inc. has announced a debt settlement agreement with Star Warehouse Engineering Limited. Under the terms of the agreement, Marvion will issue 15,816,576 shares of its common stock at a price of $0.0321 per share to Ng Chun Man. This issuance serves as full payment for a $3,950,000 debt owed by Marvion's wholly owned subsidiary, United Warehouse Management Limited, to Star Warehouse. The per share price was determined based on the seven-day average closing price of Marvion’s stock preceding the agreement, which was approved by the company's Board of Directors on December 30, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marvion Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-009436), on December 31, 2025, and is solely responsible for the information contained therein.