Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement
| Item 3.02 Unregistered Sales of Equity Securities |
Item 1.01 Entry into a Material Definitive
Agreement.
On February 15, 2017, Kiwa Bio-Tech Products Group Corporation
(Kiwa or the Company) completed the sale of 1,000,000 shares of
Kiwa Common Stock (each a Share) at a price of $1.00 per share
(total sale proceeds were $1,000,000) to Junwei Zheng in a
private transaction which was exempt from registration under
Section 4(a)(2) of the Securities Act of 1933, as amended (the
Act) and Regulation S promulgated under the Act since, among
other things, the transaction did not involve a public offering
and the securities were acquired for investment purposes only and
not with a view to or for sale in connection with any
distribution thereof and were purchased by an investor who is not
a resident of the United States. The net proceeds will be used
for the further development of Kiwa products and distribution, as
well as for general working capital.
Item 3.02 Unregistered Sales of Equity
Securities.
Information provided in Item 1.01 is incorporated in this Item
3.02 by reference. The securities referenced herein were issued
in reliance upon the exemption from securities registration
afforded by the provisions of Section 4(a)(2) of the Securities
Act of 1933, as amended (the Act) and Regulation S promulgated
thereunder.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
None
About Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT)
Kiwa Bio-Tech Products Group Corporation develops, manufactures, distributes and markets bio-technological products for agriculture. The Company has acquired technologies to produce and market bio-fertilizer. The Company has developed over six bio-fertilizer products with bacillus spp and/or photosynthetic bacteria as its ingredients. The Company’s products contain ingredients of both photosynthesis and bacillus bacteria. The Company’s products include KiwaBiological Organic Fertilizer, Kiwa Yi Mu Ling, Kiwa Di Fu Kang, Kiwa Microbial Specific Fertilizer For Rice, Kiwa Microbial Specific Fertilizer For Corn, Kiwa Microbial Specific Fertilizer For Potato, Kiwa Microbial Specific Fertilizer For Soybean, Kiwa Microbial Specific Fertilizer For Tea Tree, Kiwa Microbial Specific Fertilizer For Tobacco, Kiwa Microbial Specific Fertilizer For Fruit Trees, Kiwa Microbial Specific Fertilizer For Vegetables and Kiwa Full Effect Type Foliar For Golf Turf. Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT) Recent Trading Information
Kiwa Bio-Tech Products Group Corporation (OTCMKTS:KWBT) closed its last trading session down -0.01 at 1.39 with 566 shares trading hands.
