IDVC Alert: FORM 8-K - ENTRY INTO A MATERIAL AGREE
Post# of 776
Posted On: 07/08/2014 12:50:17 AM
IDVC Alert: FORM 8-K - ENTRY INTO A MATERIAL AGREEMENT -
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10086074
http://www.otcmarkets.com/stock/IDVC/filings
On April 1, 2014, Infrastructure Developments Corporation (the “Company”) entered into an acquisition agreement (the "Agreement" attached hereto as Exhibit 10) with Sagar Joseph ("Joseph"
to acquire all the rights of ownership of Orbis Real Estate LLC ("Orbis" from Joseph in exchange for one hundred and sixty million (160,000,000) shares of the Company 's common stock, par value $0.001 per share.
The Agreement was approved by the board of directors of the Company on April 1, 2014.
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On June 25, 2014, the Company closed the Agreement with Joseph and acquired Orbis as a wholly owned subsidiary.
Orbis is fully licensed by Dubai’s Real Estate Regulatory Authority, and operates out of a centrally located office in the TECOM complex adjacent to Dubai Media City and Dubai Internet City. Orbis currently has a staff of seven multilingual brokers.
The financial statements of Orbis and requisite pro forma financial information will be filed hereto as an amendment to this report on Form 8-K within the timeline permitted under Regulation S-X.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10086074
http://www.otcmarkets.com/stock/IDVC/filings
On April 1, 2014, Infrastructure Developments Corporation (the “Company”) entered into an acquisition agreement (the "Agreement" attached hereto as Exhibit 10) with Sagar Joseph ("Joseph"
to acquire all the rights of ownership of Orbis Real Estate LLC ("Orbis" from Joseph in exchange for one hundred and sixty million (160,000,000) shares of the Company 's common stock, par value $0.001 per share. The Agreement was approved by the board of directors of the Company on April 1, 2014.
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On June 25, 2014, the Company closed the Agreement with Joseph and acquired Orbis as a wholly owned subsidiary.
Orbis is fully licensed by Dubai’s Real Estate Regulatory Authority, and operates out of a centrally located office in the TECOM complex adjacent to Dubai Media City and Dubai Internet City. Orbis currently has a staff of seven multilingual brokers.
The financial statements of Orbis and requisite pro forma financial information will be filed hereto as an amendment to this report on Form 8-K within the timeline permitted under Regulation S-X.
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