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cashbyers

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cashbyers

Re: None

Friday, 07/22/2016 4:57:52 PM

Friday, July 22, 2016 4:57:52 PM

Post# of 656
TKAT increases liabilities/leverage by 1.5 million with 8% interest on July 15th in order "to meet it's working capital needs."

"It is “secured” by the RMB Loan of equivalent amount by its subsidiary to an individual and guarantor affiliated with the lender of the US Dollar Loan. It is the understanding between the parties that when the US
Loan is repaid, the RMB Loan will similarly be repaid"

http://ir.takungart.com/all-sec-filings/content/0001144204-16-113641/0001144204-16-113641.pdf

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  • 1M
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