TAKUNG ART CO., LTD (OTCMKTS:TKAT) Files An 8-K Other Events

TAKUNG ART CO., LTD (OTCMKTS:TKAT) Files An 8-K Other Events

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Item 8.01

Other Events.

On December 16, 2016, Takung Art Co., Ltd, a Delaware
corporation, issued a press release announcing that its
subsidiary, Hong Kong Takung Assets and Equity of Artworks
Exchange Co. Ltd, co-hosted the Academic Exhibition of Chinese
Ink and Wash Paintings, featuring 20 portfolios by famed
Malaysian artist Mr. Zhong Zhengchuan in Hong Kong on December 3,
2016. The press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by

The information in this Current Report on Form 8-K (the Form 8-K)
is being furnished and shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, or the
Exchange Act, whether made before or after the date of this Form
8-K, except as shall be expressly set forth by specific reference
in such filing. The information in this Form 8-K will not be
deemed an admission as to the materiality of any information in
this Form 8-K that is required to be disclosed solely by
Regulation FD.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.


99.1 Press release dated December 16, 2016.


Takung Art Co., Ltd., formerly Cardigant Medical Inc., is a holding company. The Company, through HongKong Takung Assets and Equity of Artworks Exchange Co., Ltd. (HongKong Takung), and its subsidiaries, operates an electronic online platform located at www.takungae.com for artists, art dealers and art investors to offer and trade in artwork. Through HongKong Takung and its subsidiaries Takung (Shanghai) Co., Ltd and Takung Cultural Development (Tianjin) Co. Ltd, the Company offers on-line listing and trading services that allow artists/art dealers/owners to access an art trading market where they can engage with a range of investors. Its platform also makes investment in high-end and artwork accessible to ordinary people without financial resources. The Company’s platform is an all-electronic trading system, which consists of host computers, client-side terminals and related communication system. Its trading system supports the trading and payment, and settlement of artwork units.

TAKUNG ART CO., LTD  (OTCMKTS:TKAT) Recent Trading Information

TAKUNG ART CO., LTD  (OTCMKTS:TKAT) closed its last trading session down -0.20 at 7.30 with shares trading hands.

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