EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Introduction The following unaudited pro forma condensed combined financial statements of LiquidValue Development Inc. present the combination of the historical financial information of LiquidValue Development Inc. (“we” or the “Company”) and the adjustments to give effect for the distribution of shares of Alset Real Estate Holdings Inc. (“Alset RE”) (“the Distribution”). The following unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X. The unaudited pro forma condensed combined balance sheet as of June 30, 2025, combines the historical balance sheet of LiquidValue Development Inc. as of June 30, 2025 and the adjustments for the distribution of shares of Alset RE as of June 30, 2025, on a pro forma basis as if the distribution, summarized below, had been closed on June 30, 2025. The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024 combines the historical statements of operations of LiquidValue Development Inc. for the year ended December 31, 2024 …
Open exhibit ↗Current Report · Items 2.01, 9.01 · 8-K
Winning Catering Group, Inc.
WNHKOTCEQUITYCurrent
Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. On August 18, 2025, LiquidValue Development Inc. (the “Company”) completed the distribution of substantially all of its assets to holders of the Company’s common stock as of August 15, 2025 (the “Record Date”), in the form of a one-time special dividend (the “Distribution”).…
Disclosure sections
Item 2.01Item 2.01 - Completion of Acquisition
Item
2.01. Completion of Acquisition or Disposition of Assets.
On
August 18, 2025, LiquidValue Development Inc. (the “Company”) completed the distribution of substantially all of its assets
to holders of the Company’s common stock as of August 15, 2025 (the “Record Date”), in the form of a one-time special
dividend (the “Distribution”).
The
Distribution consisted of all of the issued and outstanding shares of the Company’s wholly owned subsidiary Alset Real Estate Holdings
Inc., having an aggregate fair market value of approximately $34.8 million as of the Distribution Date, and constituting substantially
all of the Company’s net asset value. Shareholders received shares on a pro rata basis, based on the number of shares of
the Company’s common stock.
The
Company has included as Exhibit 99.1 to this Current Report on Form 8-K unaudited pro forma condensed consolidated financial information
to illustrate the pro forma effects of the Distribution.