Technovative Group, Inc. (OTCMKTS:TEHG) Files An 8-K Other EventsItem 8.01. Other Events
On January 3, 2018, Technovative Group, Inc. (the “Company”) issued a press release announcing that the Company has entered into a Share Transfer Agreement dated December 27, 2017 (the “Agreement”) with several individuals, who are Shareholders of Guangzhou Hedu Information Technology Co., Ltd, a PRC company, in exchange for entering into entering into a loan agreement and a series of contractual agreements (the “VIE Agreements”), through the Company’s wholly owned foreign entity. to the VIE Agreements, Hedu becomes a Variable Interest Entity (the “VIE”) of the Company, via the Company’s wholly owned foreign entity, and as such, the Company shall control all of Hedu’s business affairs and economic interests through its wholly-owned foreign entity. Hedu specializes in blockchain and big data analytics technologies.
A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.
Item 8.01. Financial Statement and Exhibits.
|99.1||Press Release dated January 3, 2018.|
Technovative Group, Inc. ExhibitEX-99.1 2 f8k010318ex99-1_technovative.htm PRESS RELEASE DATED JANUARY 3,…To view the full exhibit click
About Technovative Group, Inc. (OTCMKTS:TEHG)
Technovative Group, Inc. is engaged in producing and marketing the platform called SpeedG Platform. The Company’s SpeedG Platform is a combination of use products that provide solutions for its clients to establish and maintain their online presence, as well as allows its clients to promote and market their businesses effectively.