Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
8K out showing Kiwa Biotech and auditor Friedmann LLP are parting with no disagreement.
Restructuring is going to have to provide a new auditor for KWBT filings.
https://ih.advfn.com/stock-market/USOTC/kiwa-bio-tech-products-pk-KWBT/stock-news/84167652/current-report-filing-8-k
Given your familiarity with GHG, do you have a website for them even if in Chinese?
Holding on for the company updates on financial reports, outstanding shares and sales guidance.
Market cap is still low compared to 2019 audited sales.
Low trailing price to sales ratio. Market cap vs Sales.
2019 audited revenue = $40 million
21st January 2021
Outstanding Shares = 546,457,378
Market cap = $4,371,659
https://www.otcmarkets.com/stock/KWBT/security
Expecting 2020 Q1,Q2,Q3 financial results immediately after company restructuring completes, per the 2020 December 15th and August 25th press releases
https://www.otcmarkets.com/stock/KWBT/news
Future OS after restructuring AND Future revenue with new strategic partners need to be clarified.
Kiwa Biotech: Market opportunity in aquaculture
January 19, 2021
"Rabobank: China’s stock market bull run benefitting China’s aquafeed players"
https://www.seafoodsource.com/news/business-finance/rabobank-china-s-stock-market-bull-benefiting-china-s-aquafeed-players
"Kiwa will strive to build a “Modern Agricultural Industrial Park with the whole industrial chain of eco-friendly aquatic products” by providing a new model of eco-friendly aquaculture for the aquaculture industry in Dinghu District, which marked the application of microbial technology of Kiwa will extend from the very mature planting industry to the aquaculture industry."
https://www.globenewswire.com/news-release/2019/03/14/1753112/0/en/Kiwa-Bio-Tech-Awarded-Government-Bid-For-Modern-Agricultural-Park-Planning-Project.html
Kiwa Biotech: Market opportunity in remediation of Yangtze river basin
Jan 14, 2021
"A new study has found that tap water for several cities in China’s Yangtze River Basin contains excessive levels of “persistent organic pollutants” linked to myriad health problems including cancer, raising concerns about the safety of local drinking water."
http://www.sixthtone.com/news/1006706/forever-chemicals-found-in-tap-water-along-yangtze-river
"The new joint venture aims to leverage the Chinese government’s promotion of treatment and restoration of polluted land and water resources, starting with Yangtze River Delta"
https://www.nsagriculture.com/news/company-news/kiwa-bio-tech-jv/
Chinese e-commerce giant Alibaba brings technology into agriculture
"Alibaba’s processing centers introduce various smart devices
In Shandong, a sorting line for locally grown cherries will start operating in the Alibaba Zibo Digital Agriculture Warehouse this April. So far, the mainstream sorting equipment in China is only able to grade the size and appearance of the fruit, but not the color. According to industry insiders, color is not only of great importance to the appearance but is also an important indicator of the ripeness. The new sorting equipment not only adds a color index, but also establishes a more detailed index for the inspection of the appearance, to eliminate problems such of soft flesh under the peel, cracked fruit, and deformity.
In addition, the Alibaba Production Warehouse in Xi’an, the fruit distribution hub for Northwest China, is developing a new robot whose main function is to transport the packed fruits to a location according to instructions and stack the boxes neatly. As the Spring Festival approaches, Orah mandarins from Yunnan and Guangxi are expected to reach large marketed volumes by mid-January. To this end, Alibaba’s two production warehouses in Kunming and Nanning are equipped with three fully automatic smart packaging lines, which can pack at least 100,000 packs per day. From sorting to packaging, 70% of the work can be done by robots.
In recent years, Alibaba has continued to invest in its agriculture department. This year, five digital agricultural collection and processing centers (production warehouses) in Kunming, Nanning, Chengdu, Zibo, and Xi’an were put into use, covering the core agricultural production areas in China. In addition, Cainiao has built logistics co-distribution centers in more than 670 counties across the country. Alibaba also plans to add more digital production warehouses next year, and at the same time expand the scale of direct purchasing from agricultural production centers."
https://www.freshplaza.com/article/9283929/chinese-e-commerce-giant-alibaba-brings-technology-into-agriculture/
Correction...
I think OS went steady by July or early August.
If any new restricted shares were for employees or management, then this just aligns them with long investors in KWBT, another positive aspect to that dilution.
China's economy picks up speed in fourth quarter
“The higher-than-expected GDP number indicates that growth has stepped into the expansionary zone, although some sectors remain in recovery,” said Xing Zhaopeng, economist at ANZ in Shanghai.
https://www.reuters.com/article/us-china-economy-gdp/chinas-fourth-quarter-gdp-growth-beats-forecast-ends-2020-in-solid-position-after-covid-19-shock-idUSKBN29N04S?il=0
Some additional comments on that...
The past dilution for convertible debt looked to be complete by about June. It was steady and then we noticed restricted shares increased.
We had a PR about Global Holding as a STRATEGIC INVESTOR. This is not equivalent to dilution from toxic debt. This dilution can be healthy from here since it really depends on the sales trajectory from here on. We do not know the terms of the deal for their investment in KWBT as regards to how that deal values the company currently.
Current PPS reflects delinquent status and is hardly a liquid stock. The uncertainty has reduced with COVID situation better in China and also the PRs on the restructuring and financing sources. We have an approximate timeline from posts here of financial reports due after another Chinese holiday with the exact date unknown. The last PR said financial reports would be immediately released after the restructuring completes. Regaining compliance and certainty on the outstanding share count would be good news for KWBT investors, hopefully soon after this long wait. Good things are worth waiting for.
I think the PRs suggest the revenues in 2020 were lower than expected due to COVID. The Chinese economic news suggests a recovery in the second half of 2020 so it is unclear where things stand. However, the current PPS for a market of about $3million does not even recognize poor 2020 revenues. If sales dropped in half to $20million and OS remained here, where would PPS go? Fair valuation for an announced poor 2020 result could increase the PPS. It is the clarification on the OS due to the restructuring and past convertible debt (appears gone recent stable OS apart from restricted shares) that is needed to make that fair valuation. Uncertainty and dilution dropped the stock, not sales.
China is set to report GDP numbers on Monday
https://www.cnbc.com/2021/01/15/china-economy-what-to-expect-from-its-fourth-quarter-2020-gdp-data.html
I think if you do not have you CVRs in your account, please get the written explanation from your broker and forward that to Equiniti. It cannot be your CVRs are just taken without an explanation given to you.
You need to discuss the facts of what has happened to your account with operations since they can study the problem you are facing, if your broker has not helped you so far.
https://equiniti.com/us/contact-us/
As I understand from Equiniti, no payout occurred yet and there has been no change to the CVRs with the rights still at DTC. Any change to that would require a public notification.
Happy new year
Chinese team to turn 6.7 mln hectares of saline-alkali land into rice paddies
"Zhu Ming, an academician with the International Eurasian Academy of Sciences, said China's saline-alkali soil rice research and planting is of great significance to safeguarding food security as the country has large swathes of uncultivated saline-alkali land.
China has about 100 million hectares of saline-alkali soil, about one-fifth of which could be modified into arable soil.
Despite years of bumper harvests, China is still in need of more arable land, said Mi Tiezhu, vice director of the Qingdao R&D center. China now feeds around 20 percent of the world's population, with less than 9 percent of the world's arable land.
Mi said on average, the output of the special rice across all planting areas stood at more than six tonnes per hectare, which is economically viable for farmers.
"If the (saline-alkali) land can be used to grow rice and produce grain, it means that some acreage can be set aside for producing other cash crops," said Mi, also a member of Yuan's team. The ambitious program could thus help China reduce its reliance on imports for corn and soybean, Mi said.
These efforts to increase food production will also benefit the global food supply and contribute to achieving the UN zero hunger goal, he said."
https://news.cgtn.com/news/2021-01-16/China-to-turn-6-7-mln-hectares-of-saline-alkali-land-into-rice-paddies-X5J4CQw2go/index.html
"Along with this restructuring, Kiwa’s sales will be gradually entered into the Global Holding Group's network in China and the previous cooperation between Kiwa and Rong’s Family Group will also be initiated."
I see the new investors as a vote of confidence in Kiwa Biotech. I know nothing about GHG and would like to know more about how they can help KWBT (i.e. sales guidance and market outlook), in addition to an update on the competitive landscape.
https://www.globenewswire.com/news-release/2020/12/15/2145131/0/en/Global-Holding-Group-Will-Participate-In-The-Restructuring-Of-Kiwa-Bio-Tech.html
I can see Rong family investment has the family name as a strong reputation and that is a plus for KWBT investors.
"Mr. Wei Rong expressed the high appreciation and also stated “The Rong’s family has a famous brand called "Xiangxian", and has an enormous market network domestically and internationally. The agricultural produce under Kiwa’s Trinity Model of harmlessness can completely enter into the Rong’s family's market network. In addition, Rong’s Family Investment Group is discussing all-round strategic cooperation with Kiwa and hoping to implement the cooperation as soon as possible.”
It will be good to know more about this new partnership announcement.
https://www.globenewswire.com/news-release/2019/10/24/1934719/0/en/Kiwa-Bio-Tech-Announces-Participation-at-China-Yangling-Agricultural-Hi-Tech-Fair-Opening-Ceremony.html
Yangtze witnesses a green renaissance
"In November, another symposium chaired by Xi on comprehensively advancing development of the Yangtze River Economic Belt was held in Nanjing, Jiangsu province. This gathering highlighted high-quality development, green growth, opening-up and self-innovation."
https://www.chinadaily.com.cn/a/202101/05/WS5ff3a5d5a31024ad0baa067a.html
Ref For KWBT targeting soil remediation along Yangtze river:
https://www.nsagriculture.com/news/company-news/kiwa-bio-tech-jv/
https://www.globenewswire.com/news-release/2020/02/25/1989841/0/en/Kiwa-Bio-Tech-Announces-Agreement-with-Fudan-Science-Park-and-Xibaokun-Agricultural-Technology-Co-Ltd-for-Soil-Remediation-Projects.html
Xibaokun in parenthesis is shorthand for Shaanxi Xibaokun Agricultural Technology Co., Ltd.
I do not see a website for them. They have 60% of the joint venture in soil remediation. Kiwa Biotech was referred to as "Yangling" and has 40% and looks to be handling the core science part while outsourcing the deployment.
https://www.globenewswire.com/news-release/2020/04/30/2024988/0/en/Kiwa-Bio-Tech-Established-Joint-Venture-to-Address-Ring-fenced-Soil-Remediation-Projects.html
I think "Contan" that your translator gave you, is actually just Kiwa Biotech when translated from Chinese. The Kiwa Biotech website now shows the latest PR online.
https://kiwabiotech.com/global-holding-group-will-participate-in-the-restructuring-of-kiwa-bio-tech/
Ten-year fishing ban begins in Yangtze River
"For decades, urbanization and shipping along the Yangtze River have led to the reduction or disappearance of aquatic habitats. Agricultural fertilizers and pesticides have also led to the river's pollution, said Wei Qiwei, a researcher from the Yangtze River fisheries research institute under the Chinese Academy of Fishery Sciences."
https://www.globaltimes.cn/page/202101/1211612.shtml
"The new joint venture aims to leverage the Chinese government’s promotion of treatment and restoration of polluted land and water resources, starting with Yangtze River Delta"
https://www.nsagriculture.com/news/company-news/kiwa-bio-tech-jv/
China to promote crop production, farmland protection in 2021: minister
"BEIJING, Jan. 2 (Xinhua) -- China will secure crop production, develop the seed industry and strengthen farmland protection in 2021 to promote rural vitalization and accelerate agricultural and rural modernization, the country's agriculture minister said.
China will strive to ensure that crop output exceeds 650 billion kg this year in a bid to secure the nation's food supply, Minister of Agriculture and Rural Affairs Tang Renjian said.
To shore up the seed industry, China will commence research on core technologies, launch major projects for biological breeding, and set up pools of crop seeds and marine fish and livestock species, Tang said.
In the 2021-2022 period, 100 million mu (about 6.66 million hectares) of high-standard farmland will be constructed each year, said Tang.
The ministry will also make efforts to modernize rural industrial and supply chains, stabilize the recovery of hog production, and improve the quality and safety of agricultural products, Tang said."
http://www.xinhuanet.com/english/2021-01/03/c_139637211.htm#:~:text=BEIJING%2C%20Jan.%202%20(Xinhua,the%20country's%20agriculture%20minister%20said.
Sounds promising but no sales guidance yet
If sales increase in this mentioned network, the dilution from the new investor can be offset. Scale-up of Kiwa branded products needs to happen to tap the large markets so lets hope Global Holding Group works well with Kiwa Biotech. We need to see the financial reports, the final OS and the sales guidance for 2021 to get the valuation for KWBT. I hope the new investors need to hold their shares for long term investment but lets see the terms of the restructuring deal. No website has been provided for Global Holdings Group in the communication. Only guessing at this point:
http://en.shippingchina.com/companys/index/detail/id/17379.html
Recent articles of various online platforms trying to scale up ecommerce for agriculture in China. If new investor has experience with Alibaba, it can be seen that Alibaba has plans in Shaanxi below:
"The Shaanxi fruits’ ‘Ten Thousand Million Project’ will see 3,000 village live streamers learn how to live stream in order to grow the e-commerce viability of agricultural products in Shaanxi, empowering the transformation of traditional agriculture.
Wei Yanan, director of the Shaanxi Fruit Industry Centre, said the coronavirus epidemic of last winter and this spring saw nationwide fruit online retail sales grow rapidly."
http://www.fruitnet.com/asiafruit/article/182669/alibaba-launches-live-broadcasting-base-in-shaanxi
Yes, looking forward to 2021 and KWBT developments.
I just saw this update on an Organic Alliance setup by a major ecommerce platform. It appears to be gaining consumer trust for organic certification. Unsure if Kiwa Biotech looking at this space but new supports for consumer trust in Organic food in China could boost the overall market. Kiwa Biotech sells biofertilizer that can enable farmers to supply such organic food markets.
"“JD hopes to establish an organic industry ecosystem through the optimisation of industry standards for organic products as well a wide range of support for organic brands to grow their appeal among Chinese consumers,” the company said in a statement.
JD Super will also support the organic alliance’s members with organic labeling and to develop the platform."
https://www.retailnews.asia/jd-teams-with-brands-to-launch-an-organic-alliance/
https://www.foodnavigator-asia.com/Article/2020/12/21/Safer-and-healthier-JD-sees-China-organic-product-sales-boom-after-establishing-Organic-Alliance-with-brands
China aims to upgrade farmland by 25% more in 2021
As another positive for KWBT in their entry to the soil remediation market in China:
"Country is set a target for 2021 of upgrading a quarter more farmland than for this year, to boost food security amid coronavirus and floods
Government has made food security a priority, partly through increasing self-sufficiency in vital crops
China has said it aims to upgrade almost 25 per cent more farmland in 2021 than it did this year, in an attempt to boost its food security while the coronavirus pandemic disrupts supply chains."
https://www.scmp.com/news/china/politics/article/3114483/china-aims-upgrade-farmland-size-republic-ireland-heres-why
China's Yunnan sees bumper grain harvest
"Southwest China's Yunnan Province saw its grain output at 18.96 million tonnes this year, up 1.38 percent from last year, local authorities said.
The province has managed to sustain the growth of its grain output despite drought and pest attacks in some areas as well as the impact of COVID-19, according to the Yunnan survey office under the National Bureau of Statistics.
Its grain cultivation area reached 4.17 million hectares, official data showed. This year's per-unit yield stood at 4,549.25 kg per hectare, up 1.34 percent compared with last year. "
http://www.china.org.cn/china/2020-12/18/content_77026873.htm
Another Chinese agricultural fair with high sales
"HAIKOU, December 22. /TASS/. The International Winter Tropical Agricultural Products Show wrapped up on Tuesday on Hainan. According to Xinhua, its participants have placed orders for the supply of products totaling 67.8 billion yuan (about $ 10.4 billion).
The fair featured fruits, vegetables, grains and oilseeds, livestock products, seafood, tea, coffee, wine, and agro-industrial materials and machinery. The volume of goods sold at its sites amounted to 213 million yuan (about $ 32.6 million). In addition, the event's participants signed 79 agreements on investment projects in the agricultural sector worth 2.3 billion yuan (approximately $ 353 million)."
https://tass.com/economy/1238905
'One Yangtze' Sustainable Development Forum for investment in Environmental Protection
http://www.itbusinessnet.com/2020/12/one-yangtze-sustainable-development-forum-encourages-communication-between-capital-market-and-environmental-protection-field-through-esg-investing/
Can we expect any 2020 revenue from Zhaoqing Dinghu Modern Agricultural Industrial Park for aquaculture?
"The total usage amount of Kiwa’s Water Purification & Water-Cleaning Bacteria, Boutique Spores and Duolijunbao products were 570,000 liters, 60 tons and 96 tons, respectively, with sales of approximately $1,529,494 USD, $1,878,326 USD and $1,574,216 USD respectively. The total sales amount is approximately $4,982,036 USD in this project by 2020."
https://www.globenewswire.com/news-release/2019/03/14/1753112/0/en/Kiwa-Bio-Tech-Awarded-Government-Bid-For-Modern-Agricultural-Park-Planning-Project.html
https://kiwabiotech.com/kiwa-bio-techs-microbial-technology-selected-by-government-for-aquaculture-project-in-guangdong-province-china/
Market cap only $3m, 2019 audited sales $40m, new cooperation to accelerate sales in trillion RMB market covering both biofertilizer and soil remediation (supported by China's 2019 soil pollution law)
National territory spatial planning system - a 15-year plan
"Liu said recently released proposals for the 14th Five-Year Plan (2021-25) called for multiple measures to improve the environment and meet specific goals.
By 2025, grassland vegetation coverage is expected to hit 57 percent. About 55 percent of the country's wetland will be under protection and 60 percent of its sandy land will be under control, according to the administration.
The Ministry of Natural Resources is also speeding up the establishment of a national territory spatial planning system - a 15-year plan focusing on the country's use and protection of natural resources that prioritizes environmental protection.
Wang Hong, vice-minister of natural resources, said related regulations and management guidelines will be formulated.
"We will stick to the principles of prioritizing environmental protection and green development to promote sustainable development," he said."
http://www.chinadaily.com.cn/a/202012/18/WS5fdc0121a31024ad0ba9c8ba.html
Agree with positive outlook for KWBT
Apart from the new funding (from Global Holding Group & Rong Family group) that helps clean up any balance sheet concerns, we could be looking a much more effective cooperation using the Yangling manufacturing to generate sales in huge agricultural markets in China. They should still have the improved cash flow management from banks to accelerate receivables and they have a nice cooperation also in the soil remediation space. If they can tap a fraction of that trillion RMB market (possibly more if they can export using train westwards), KWBT will do nicely for shareholders even with twice the OS due to the GHG 49% stake.
Next milestones I have in mind to seek updates on are:
**********************************************************
1. Financial reports release after restructuring (confirming OS and balance sheet equity)
2. Regain compliance on OTC
3. Revenue guidance for 2021 and any information on tapping larger sales networks/gaining intangible brand recognition of Kiwa logo
4. News on progress with core microbial plant expansion
5. News on activity of joint venture in soil remediation space
6. How is KWBT supporting the aquaculture space?
Restructured company will have new funding for Kiwa’s biotechnology
Mr. Shizun Cai, the independent director and co-chairman of Global Holding Group stated that “the corporation is aimed to promote the integration of the new fertilizer industry and environmental protection industry by using the planned industrial funds as well as Kiwa’s state-of-the-art biotechnology. This cooperation will play a huge role in promoting the development of both industries, which have trillion RMB market. The goal of this cooperation is to make full use of the superior resources of all parties and establish a new standard and rule for the operation of this new fertilizer industry.”
It is unclear if that GHG weblink is the global holding group that Kiwa is talking about in the collaboration since it does not appear too China focussed. When this restructured company emerges, we were informed: "Kiwa will immediately resume the financial reports reporting after the restructuring." It will be of great interest to hear what the new revenue guidance looks like. If the planned industrial funds from GHG (apart from funding from Rong Family group) are for INDUSTRIAL purposes, I hope we can look forward to completion of the Manufacturing Facility, Named As a Key Construction Project in Shaanxi Province for 2019 “Our successful construction of the Yangling Project will break the current situation of small-scale production of microbial fertilizers in China and lead the standardization and scale construction of the new fertilizer industry. At the same time, it will provide support for the development of eco-friendly agriculture and the implementation of the Trinity Agricultural Marketing Model.” Added Wang.
https://www.globenewswire.com/news-release/2019/05/02/1815233/0/en/Kiwa-Bio-Tech-s-44-5-Million-Headquarters-and-Manufacturing-Facility-Named-As-a-Key-Construction-Project-in-Shaanxi-Province-for-2019.html
"The Company’s Yangling biological fermentation core fermentation base is under construction"
https://www.globenewswire.com/news-release/2019/12/03/1955368/0/en/Kiwa-Bio-Tech-Announces-Expansion-of-Fertilizer-Production-Capacity-to-300-000-Ton-Per-Year.html
Looking forward to when that plant is fully operational with the sales that come with that in an economy expected to show positive GDP growth ahead.
Growth stage for company: price to sales valuation can be applied
"Kiwa Bio-Tech Announces Expansion of Fertilizer Production Capacity to 300,000 Ton Per Year
The Company’s Yangling biological fermentation core fermentation base is under construction and is expected to be fully operational by the end of 2020."
We can accept delays to plant expansion due to COVID but there is a chance it is completed in 2021.
https://www.globenewswire.com/news-release/2019/12/03/1955368/0/en/Kiwa-Bio-Tech-Announces-Expansion-of-Fertilizer-Production-Capacity-to-300-000-Ton-Per-Year.html
Kiwa Biotech is in good company in Yangling
"To meet growing demand for its potato products in China, McCain Foods will build a US$200million production facility in Yangling Agriculture Hi-Tech Development Zone, Shaanxi Province."
https://www.foodprocessing.com/industrynews/2020/mccain-second-china-plant/
company is looking for increased market share with the plan for sales expansion with established partners
10Qs are not out yet for us to see. What do you mean it is all there?
dilution in the past likely paid the 2019 notes.
company just announced new funding sources and not to forget that we were promised the 2020 notes were to be paid in cash. we are long past the notes maturity date. OS updates almost daily and has been steady.
"Mr. Man Yun, CFO of Kiwa Bio-Tech commented, “It is the first time that we have utilized bank lending facilities in nearly 20 years. This credit facility will enhance our cash flow and enable us to accelerate production and sales. At present, we have several convertible notes in the United States of America which mature in the current fiscal year and we have started negotiations with these convertible notes holders regarding repayment. We are striving to reach agreement with these creditors and repay these convertible notes in cash by the end of April 2020.”"
https://www.globenewswire.com/news-release/2020/04/08/2013408/0/en/Kiwa-Bio-Tech-Announces-100-Million-RMB-Loan-Program-To-Boost-Agriculture-Production-in-China.html
With Kiwa Biotech products being deployed in established sales networks in China by experienced players and a plan for production expansion of the higher margin core microbial product, we need to hear on what the new sales guidance attributed to KWBT will be in the cooperation to give KWBT shareholders some targets above the 2019 base case of $40million, in addition to the promised release of the 3 quarters of financials. Plenty to digest.
They increased 40m restricted shares in past months.
we do not know if that was related to this or employees so we may have already paid for some of it but we need to see the financial reports to clarify new partner contributions for any KWBT common shares (per the August PR) and the terms of the returns to KWBT in the overall partnership.
also, new CEO (founder) has shown he set direction for KWBT to go after larger sales which keeps the show running, while he has plans for improved cash management going forward. It is clear the restructuring has delayed the release of the financial reports.
I think this is a good CEO taking action during challenging times.
KWBT and other strategic partners maintain controlling stake
This implies KWBT survives as a ticker on OTC since otherwise GHG could take over.
The PR states:
"Kiwa will immediately resume the financial reports reporting after the restructuring."
I interpret this PR as the company getting strategic partners to help them scale up sales into established networks for accelerating market share, possibly with an international reach. Others may add their opinion.
We all know the financial reports can confirm the new structure and sales, new investments from partners, etc. This is sorely needed to clarify issues.
Huge trillion RMB market
...needs collaboration of experienced parties to accelerate and gain market share
"Under the terms of the agreement, the planned industrial fund will be used in the Company’s China operation restructuring. "
"the previous cooperation between Kiwa and Rong’s Family Group will also be initiated"
formerly announced October 24, 2019 on company website and global news PR:
https://kiwabiotech.com/kiwa-bio-tech-announces-participation-at-china-yangling-agricultural-hi-tech-fair-opening-ceremony/
https://www.globenewswire.com/news-release/2019/10/24/1934719/0/en/Kiwa-Bio-Tech-Announces-Participation-at-China-Yangling-Agricultural-Hi-Tech-Fair-Opening-Ceremony.html
this cooperation has interest of Rong Family Group
https://www.hbs.edu/faculty/Pages/item.aspx?num=35144
https://www.nytimes.com/2005/10/28/obituaries/rong-yiren-a-chinese-billionaire-dies-at-89.html
Need to see financials in restructured company
OS steady at 542,716,663
They never confirmed on the plan for cash payoff of 2020 notes.
Timing of reports unclear; immediately sounds soon but after restructuring.
"Kiwa will immediately resume the financial reports reporting after the restructuring"
Is it finished? "a cooperation agreement was signed after several months’ discussions" should mean we are nearly done?
Scale-up potential of KWBT looks higher with this PR
"The goal of this cooperation is to make full use of the superior resources of all parties and establish a new standard and rule for the operation of this new fertilizer industry"
https://finance.yahoo.com/news/global-holding-group-participate-restructuring-110000633.html
or here?
http://globalholdinggroup.com/
this looks more promising
"Global holding group Co., LTD. Is China's new century holding group, foreign trade and economic cooperation department directly approved the establishment of a rich experience in import and export trade has many years of professional import and export service enterprise, and the domestic many 1300 customers to establish a long-term and stable cooperation relationship between the export of agency, has good business reputation, we implement a stand in place, a vote exactly, from the international air, sea inc..."
http://globalholding.globalimporter.net/
https://zw.linkedin.com/company/global-holding-group-co-ltd
Looking for a website for GHG
Could be this import/export group?
http://en.shippingchina.com/companys/index/detail/id/17379.html
but from the end of that page:
www.global-group.com.cn
is not working.
There is also some description here with the company name mentioned:
"Global Holding Group specializes in the design and production of all kinds of packing bags, printing items, elegant gifts and other items, which are mainly exported to Europe, the US and the Middle East.
We have our own printing factories and we enjoy good and stable relationships with nationwide credible factories that produce all kinds of promotional gifts.
We are committed to providing high-quality products, competitive prices, excellent services and timely deliveries. Contact us today to get your order started."
https://www.globalsources.com/si/AS/Global-Holding/6008845056301/Homepage.htm