GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
| Entry into a Material Definitive Agreement. |
On January 24, 2017, Green Dragon Wood Products, Inc., a Florida
company (the Company) and William Mook entered into a Letter
Agreement (the Letter Agreement) amending the Letter of
Intentoriginally dated November 16, 2016 (as amended on December
28, 2016, the Letter of Intent) so that closing of the
acquisition (the RTO, as defined in the Letter of Intent) shall
occur as soon as practicable after the Company files all of the
reports necessary to be filed with the Securities and Exchange
Commission (the SEC), so that the Company becomes current in its
SEC filings.
The Letter Agreement also contemplates that the Company will
enter into a reverse stock split after the closing of the RTO,
and therefore, certain adjustments were made to the number of
securities to be issued by the Company in the RTO.
The foregoing description of the Letter Agreement does not
purport to be complete and is qualified in its entirety by the
Letter Agreement, a copy of which is attached to this Current
Report on Form 8-K as Exhibit 10.1 which is incorporated herein
by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit No. | Description |
| 10.1 |
Letter Agreement between the Company and William Mook dated January 24, 2017. |
|
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About GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP)
Green Dragon Wood Products, Inc. is engaged in the import/export of various species of wood logs, veneers and lumber from the United States, Africa, Europe and Southern China. The Company, through its subsidiaries is engaged in re-sale and trading of wood logs, wood lumber, wood veneer and other wood products in Hong Kong. The raw wood materials, it imports/exports are used in furniture, molding, flooring, furnishings, doors and musical instruments. The Company trades its products to importers or distributors. Its subsidiaries are Green Dragon Industrial Inc. and Green Dragon Wood Products Co., Limited. GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) Recent Trading Information
GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) closed its last trading session 00.0000 at 0.0499 with 65,000 shares trading hands.