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Efforts urged to remediate soil pollution
"China's top legislator has called on the government to ramp up efforts in promoting the development of soil pollution control technology and enhancing law enforcement to help address soil contamination in the country."
"Currently, there are still severe shortages of specialists in the remediation of soil contamination and its risk control. The cultivation of such professionals is still inadequate," said Li, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, adding that the country has yet to set up a sound appraisal mechanism for investments into research and development in the sector.
Despite legal mandates for incentives to control soil pollution, so far no specific measure has been introduced in taxation and finance. Further, provincial-level funds for soil pollution control have not been established as required by the law, making the work insufficiently funded, he said."
"Li called on institutes and companies to roll out pertinent research and development targeting specific regions, industries or pollution causes to ensure that their work could meet the demand for soil pollution control work."
http://global.chinadaily.com.cn/a/202010/16/WS5f88f046a31024ad0ba7efc8.html
Time for the new Kiwa Biotech joint venture to step up!
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
Kudos to new CEO for getting prepared and setting direction for company growth.
"Facing China's nearly 35 billion USD new fertilizer market in the future, as well as nearly trillion USD soil remediation market, Kiwa will be based on the existing business to rapidly expand fertilizer market share, to obtain soil remediation market share, and of course show our shareholders a great performance."
https://www.globenewswire.com/news-release/2020/03/09/1996966/0/en/Kiwa-Bio-Tech-CEO-Letter-to-Shareholder-and-Stakeholders.html
How China's digital farmers can grow a post-COVID-19 future
"Digital technologies are transforming traditional agriculture industry models and making farming business more profitable. For historical reasons, China has relatively less arable land per capita, unlike countries like the US, where large-scale farms are prevalent and the production and transportation of agricultural products could be highly industrialized. In China, farmers can go to social e-commerce platforms, such as Pinduoduo, where the aggregated user interests and demand could be relayed to them and they can adjust their production and sales plans accordingly.
The farmers can use those platforms to aggregate larger volume orders for their products. The large demand helps the farmers to be less dependent on distributors and makes it possible for them to sell directly to consumers. Meanwhile, the digital platforms can develop robust user profiles to provide information about market demand that was previously inaccessible to farmers. As a result, farmers can earn more thanks to lower distribution costs and larger orders. (This is known as the “C2M” or consumer-to-manufacturer model.)"
https://www.weforum.org/agenda/2020/10/how-digital-farmers-in-china-can-grow-a-post-covid-19-future/
China sees higher aggregate financing to real economy at end-September
"Outstanding undiscounted bankers’ acceptances recorded 3.9 trillion yuan, up 18.7 percent year on year."
http://www.xinhuanet.com/english/2020-10/15/c_139442961.htm
Possibly some interesting read on discounting commercial paper here:
2019:
Rethinking Undiscounted Bankers’ Acceptances Role in Total Social Financing
https://macropolo.org/undiscounted-bankers-acceptances-total-social-financing-china/?rp=e
2018:
Getting Credit To Small, Private Companies: A Renaissance for Commercial Paper
"In a banking system that primarily lends to state firms and large private companies, commercial paper has long been one of the few reliable sources of credit for smaller private firms that typically use it not to fund investment projects, but as a way to cover operating costs.
However, discounting has been subject to prevalent abuse. Most notably, the disclosure of major bill-related scandals that involved potential losses worth billions of yuan have implicated Agricultural Bank of China (ABC), Citic Bank, and Bank of Tianjin in 2016, as well as the China Postal Savings Banks in January 2017.[3] The ensuing crackdown resulted in a contraction of commercial bill discounting. At its peak in October 2016, “paper financing” (????)—which is how the PBOC refers to discounted commercial paper held by banking sector institutions[4]—accounted for 7.9% of all outstanding bank loans to non-financial companies[5] and declined to only 4.5% at the end of April 2018. In absolute terms, that represents a decline in the face value of outstanding discounted bills of 34.3%—a contraction that disproportionately hit SMEs."
https://macropolo.org/cleanup_analysis/a-renaissance-for-commercial-paper/
Chinese lawmakers meet to hear reports
"China's top legislature convened a meeting on Thursday to hear multiple reports, including a report on the enforcement of the Law on the Prevention and Control of Soil Pollution."
"When delivering a report on the enforcement of the Law on the Prevention and Control of Soil Pollution, Li said the inspection was aimed at giving full play to the role of people's congresses in solving two major problems: the safety of agricultural products and people's living environments."
"Effective measures have been taken to curb the escalation of soil pollution and ensure the overall stability of China's soil environmental quality, Li said, warning that the country still faces a grim situation in this regard."
http://www.xinhuanet.com/english/2020-10/15/c_139443169.htm
Sufficient vegetable supply in China in fourth quarter
In September, the national average wholesale price of 28 types of vegetables monitored by the Ministry of Agriculture and Rural Affairs of China was 4.78 yuan per kilogram, up 3.5% month-on-month and 21.9% year-on-year. Among them, the price of 19 types rose and 9 types fell. A supermarket salesperson said that prices of eggplant, lettuce, and green beans rose by 20%, and those of tomatoes and bell peppers also rose.
Zhang Jing, Chief Vegetable Analyst of the agricultural product market analysis and early warning team of the Ministry, said that two factors have contributed to this increase. First, the adverse weather in the summer has led to a slower-than-expected recovery of production in the disaster-affected areas in Southern China. Secondly, vegetables are often rotated in summer and autumn and problems encountered with some vegetables drove up the overall price.
Regarding the vegetable supply situation in the fourth quarter, experts say that in September, vegetables in the disaster-affected areas in Southern China were in the final stage of the season, so the overall impact on the later national vegetable production was relatively small. After urgently planting the seedlings, these areas have gradually resumed production and increased their supply of autumn vegetables. The supply in October is sufficient and the overall supply is expected to stay so in the foreseeable future, and prices are expected to show a seasonal downward development.
https://www.freshplaza.com/article/9258647/sufficient-vegetable-supply-in-china-in-fourth-quarter/
IMPROVING SOILS & HEALTH THROUGH COMMUNITY-SUPPORTED AGRICULTURE IN CHINA
"Consumer attitudes are changing in China, including increasing concerns over food safety; for example, the 2008 toxic milk powder scandal where excessive levels of melamine were discovered in China-produced milk products, putting food safety at the fore of Chinese consumer concerns.
• Pesticide and fertilizer use has skyrocketed in China over the last 40 years, as the country’s agriculture has industrialized — using 30% of all fertilizers and pesticides produced globally.
• China has experienced significant numbers of poisonings from contaminated soils and groundwater: there were 16,179 unintentional poisoning deaths in 2016, 31% of the world’s total of 52,077."
https://futureoffood.org/wp-content/uploads/2020/10/GA_SystemicSolutions-HealthyFoodSystems_CaseStudies_Oct2020.pdf
I disagree the PR is "smoke and mirrors"
1. Drop in sales due to covid: They have informed us of a drop below target but nevertheless resilient.
Not worried on this
2. Obtaining cash for commercial notes in china: I am going to assume the commercial notes are real and valuable.
Not worried on this
There is some information available on the commercial notes in China:
Chinese commercial paper: The bank lending channel of monetary transmission and beyond
"However, the arbitrage risk (together with credit risk) remains. Further regulations need to be implemented. As a result, the China Banking and Insurance Regulatory Commission (CBIRC) on July 19, 2019, and the Beijing Branch of the CBIRC on July 25, 2019, issued notices separately on strengthening regulation on bank's acceptance stating real transaction background will be under stricter scrutiny"
https://onlinelibrary.wiley.com/doi/full/10.1111/ecno.12157
3. Restructuring of corporate structure is likely due to relocation of subsidiaries to Yangling. This can delay preparation of filings, in addition to the finance staff handling the historical issues with convertible notes and commercial note discounting.
Not worried on restructuring as an issue.
4. There were previously photos of workers at different sites, including in the US office with Mark Tagatz and a handful of others with Yvonne. There are so many photos on the website to show activities.
A corporate video could be good later too.
5. I think the PR meant to suggest Q1 & Q2 will be released with Q3 to address our concern that the first two were delinquent.
I doubt they meant 2021 since it was a point to assure us filings are forthcoming. Nothing is 100% until the filings are released.
If China is serious about food security, it must tackle soil pollution more seriously
"If China hopes to secure its food supply, a forward-thinking framework for financing soil remediation would be a major step. Meanwhile, the private sector, civil society, and local governments will all have varying roles to play across the country."
https://www.scmp.com/comment/opinion/article/3105496/if-china-serious-about-food-security-it-must-tackle-soil-pollution
Key statements from August PR to shareholders
"sales revenue generated in this period were collected in Commercial Bank Notes"
"certain Chinese investors will fund the purchase of new shares of common stock"
"The Company currently plans to release its first, second, and third quarter quarterly reports at the same time."
I am glad Kiwa Biotech management updated KWBT shareholders on their action plan.
https://www.globenewswire.com/news-release/2020/08/25/2083072/0/en/KIWA-BIO-TECH-PRODUCTS-GROUP-CORP-August-2020-UPDATE.html
A lottery play does not allow you to monitor for "signs of life" with regards to "Filings, bank note conversions, investors", and the last annual revenue of $40 million far above the current market cap. Company has years of development and growing revenue trend over previous years. We do not have filings for 2020. I get that. We have PRs only in 2020 of company development and an expected time to resolve filings for Q3. We also see the OS updated daily. I suspect many investors can wait until then e.g. mid-November by comparison with 2019.
There are different market risk categories for the stages of company development. I agree OTC has more risk and potentially more return.
There are multiple issues at once in 2020.
Taking a few points...
1. CAF conference is in Yangling. They have a PR showing their attendance in 2018. They are located in Yangling. It seems irresponsible if nobody from company goes to learn something.
2. They have a recent biofertilizer order for $7.5m with a state owned company. New CEO gave us that. They also have recognition from government in the aquaculture field. New CEO also gave us the joint venture in soil remediation. Technically, their products have reputation.
3. We do have a PR from August 28th. Why are you saying we do not have a PR?
I do not know why filings are late. Previous rapid expansion led to poor ability to pay 2019 convertible notes, Covid19, restructuring and consolidation, negotiated to pay 2020 notes in cash, handling commercial notes with discount policy, sourcing bank loans are multiple issues at once. However, that PR indicated when we can expect the filings. Last year, Q3 was filed mid-November. Not long to wait for that now. That has potential to restore QB status.
Fair points
Based on the August 28th PR with the phrase "severe shortage of cash " in it and current delinquent status, I think the passing of Sep 30th led some to panic. However, it was being up front with shareholders when they had a plan of action to resolve the problem and simply about note discount policy and not as if they did not have revenues. With the revenue history and the 20 year development mentioned here, the concern is simply about the commercial notes. I am not experienced to know the difficulty to sell the notes for cash but it seems far-fetched to say that no buyers exist for them. Shareholders of course can be concerned enough to want to know a solution is coming, particularly when we do not have filings. I do not understand why sales would drop for US-China trade war given all sales are within China. Perhaps there is some new requirements for the filings but at least they said we should get them by the Q3 filing date.
I posted news of recent acquisitions by Syngenta and Bayer in the ag biotech space to show the sector is becoming attractive in general. It supports the likelihood that Chinese investors could be interested in KWBT shares, based on the August PR. We recently saw restricted shares increase by 25 million. Would that happen if there was a buyout coming? Buyer might be turned off? I think people may be remembering some discussion on the reason for the A/S increase to 3 billion. Did Gabby write that was for M&A activity or for defensive position against a buyout?
To be clear, there is no way I want the company to sell now. I am a long term investor who wants the company to eventually uplist, as they posted years ago when the CFO visited the Nasdaq office in Hong Kong and discussed by Mark Tagatz interview online. I see the possibility for Chinese investors from the same industry to cooperate with Kiwa Biotech as a positive if the price they pay for common shares is closer to fair value rather than near the current PPS. The reply says that management want the investment too and they have a fiduciary duty to shareholders.
Hoping for a good outcome for all. The sales target miss is less of an issue compared to convertible note resolution, getting filings up to date and showing a solution for cash flow management. Resiliency with sales can be sufficient in 2020 but the other issues seem more important for PPS currently. I also hope they can get some attention again at the 27TH CAF on October 22nd. The markets for KWBT look to have a bright future and revenues can recover in 2021.
China's imports, exports surge as global economy reopens
https://www.reuters.com/article/us-china-economy-trade/chinas-imports-exports-surge-as-global-economy-reopens-idUSKBN26Y0BL
China says exports and imports hit record highs in September
https://www.cnbc.com/2020/10/13/china-says-exports-and-imports-rose-in-the-third-quarter-in-yuan-terms.html
Sounds reasonable
Based on the figures in your post, 2020 sales of about $33million would be positive. It is lower than the expected $48 million sales for the planned 200k tonnes but it shows resilience compared to other industry sectors.
None of us can value the PPS without the quarterly filings due next month but we can see the market cap is currently significantly lower than these sales estimates.
Nature-based solutions important: Chinese climate official
"He said China has been actively promoting NBS, which brings benefits to bio-diversity conservation, marine conservation, and wetlands conservation. It also helps generate good-quality economic growth, brings new industries and new employment, as well as enhances the welfare and health of the public."
http://www.xinhuanet.com/english/2019-09/26/c_138422611.htm
https://www.unglobalcompact.org/take-action/events/climate-action-summit-2019/nature-based-solutions
Scenery of autumn harvest across China
These photos give some hope for reasonable revenues for KWBT this year despite COVID19.
http://www.china.org.cn/photos/2020-10/12/content_76796420.htm
yes, they absorbed the agent that handled the TLON CVRs originally and it is confirmed in the weblink that I shared.
As mentioned, Equiniti is the successor agent.
CST is now part of Equiniti
"Equiniti Group plc (“Equiniti” or “the Group”), an international technology-led services and payments specialist, announces that it has completed the acquisition of Corporate Stock Transfer, Inc. (“CST”). CST will become part of Equiniti’s US division, EQ."
https://equiniti.com/uk/news-and-views/news-releases/equiniti-acquires-corporate-stock-transfer-to-expand-in-us/
Shaanxi: first station of the China-Europe freight train
Perhaps this was a factor into Kiwa Biotech deciding to consolidate operations to Yangling that led to the restructuring in recent PRs.
https://www.reuters.com/article/sponsored/the-new-silk-road
Xi'an sees China-Europe freight trains nearly double in Jan.-Aug.
http://www.ecns.cn/business/2020-10-05/detail-ihaaraky0557270.shtml
Railway plan adds services in 4th quarter
http://en.ce.cn/main/latest/202010/12/t20201012_35876243.shtml
Freight transport service launched between China's Xi'an and Kathmandu
http://www.xinhuanet.com/english/2020-05/22/c_139079588.htm
New bullet train sets off in northwest China
http://www.xinhuanet.com/english/2020-10/11/c_139432459.htm
I will update if any response from Equiniti.
You misunderstood. Corporate Stock Transfer, Inc. has been acquired by Equiniti Trust Company.
Exactly, agree with all.
100 million market cap could be realistic if financials next month confirms the expected sales. There was that earlier report suggesting 160 million.
https://seekingalpha.com/instablog/21922151-bioresearch-alert/5452232-two-cent-kwbt-ready-to-soar
Rong family were quite impressed at CAF 2018. Lets see if they follow through with anything. We had interest in Q2 from the a China state owned company via a first order of $7.5 million. This relationship can bear more fruit for KWBT so that is another possibility. Recent news of Bayer and Syngenta making acquisitions in the ag biotech space confirms the sector is heating up and these companies visit CAF.
Even if sales were to fall from expected 48 million to 30 million, PPS should reflect a market cap much higher than currently. If revenues can keep coming in to clean up the balance sheet, I hope they can show a solid agreement for discounting commercial notes with sufficient safety margin to avoid a squeeze again.
Lets hope Kiwa Biotech attends CAF again. Their HQ in Yangling is in well located for this.
27th China Yangling Agricultural Hi-tech Fair[Oct. 22]
XI'AN, Oct. 10 (Xinhua) -- Companies from a total of 29 countries and regions have confirmed their attendance at an agricultural hi-tech fair later this month in northwest China's Shaanxi Province, an official said Saturday.
The 27th China Yangling Agricultural Hi-tech Fair is scheduled to be held between Oct. 22 and 26 in the Yangling agricultural hi-tech industrial demonstration zone.
The China-based representatives of companies from Germany, Switzerland and other countries have reserved a total of 129 booths so far, said Liu Tianxiong, a senior official with the demonstration zone, adding that the fair will take international agricultural cooperation to a new level.
With the theme of "Innovation Leads High-quality Development," the five-day event will feature 14 major activities, including a round-table conference on the development of modern agriculture in the Shanghai Cooperation Organization member states.
Established in 1994, the fair is one of the largest and most influential events dealing with agricultural science in China
http://www.xinhuanet.com/english/2020-10/10/c_139431113.htm
http://www.ecns.cn/news/economy/2020-10-11/detail-ihaavkeu1733416.shtml
http://www.china.org.cn/china/Off_the_Wire/2020-10/10/content_76793729.htm
I think it was 0.05 per share. I would remember if there was a mistake at the time. I think the cash part was relatively small at the time that Spectrum acquired Talon and the cash was correctly received in my brokerage account.
For Equiniti, lets wait to see if they respond within 2 or 3 weeks.
The company website is: www.equiniti.com
If I hear anything useful, I will share it.
If the issue is with the agent not communicating with DTCC, the successor agent should sort it out.
Double Holiday in China Sparks Sales Boom for Fruit Gift Boxes
"As fruit is considered to provide a great vitamin boost and promote good health, fruit boxes have stood out as a particularly good choice of holiday gift for this year’s Mid-Autumn Festival."
https://www.producereport.com/article/double-holiday-china-sparks-sales-boom-fruit-gift-boxes
Unfortunately, covid19 is described here to have influenced kiwi prices with a supply spike and supply chain problems.
Kiwifruit Prices in China Continue To Fall
"Coming into late September with the approaching double holiday of Mid-Autumn Festival and National Week, kiwifruit prices witnessed a slight increase, albeit nothing especially dramatic."
https://www.producereport.com/article/kiwifruit-prices-china-continue-fall
Filings expected next month
"The Company currently plans to release its first, second, and third quarter quarterly reports at the same time."
https://www.globenewswire.com/news-release/2020/08/25/2083072/0/en/KIWA-BIO-TECH-PRODUCTS-GROUP-CORP-August-2020-UPDATE.html
It appears from your message that the CVRs may have been cancelled withtout any instruction from the agents after the acquisition. I just left a note with Equiniti (successor agent) to contact DTCC and clarify the situation. Lets see if they can help get them restored. The other route is to try contact Spectrum/Acrotech/CASI investor relations to see if they can assist.
Here’s more evidence of China’s strong recovery from coronavirus
"The recovery in China’s service sector activity extended into a fifth straight month in September, an industry survey showed on Friday, with hiring increasing for the second month in a row.
The Caixin/Markit services Purchasing Managers’ Index (PMI) rose to 54.8 from August’s 54.0, the highest reading since June and staying well above the 50-mark that separates monthly growth from contraction.
Recent economic indicators ranging from trade to producer prices have all suggested a further pick up in the industrial sector, adding to the demand recovery from the coronavirus-induced slump.
Many analysts expect China to be the only main economy to mark positive annual growth in 2020, although at decades-low levels."
https://www.aljazeera.com/economy/2020/10/9/heres-more-evidence-of-chinas-strong-recovery-from-coronavirus
Food production threatens the Paris Climate Agreement
"Study co-leader Dr. Josep Canadell said: “This new analysis calls for a full-scale rethink in the ways we use and abuse nitrogen fertilizers globally and urges us to adopt more sustainable practices in the way we produce food, including the reduction of food waste. The findings underscore the urgency and opportunities to mitigate nitrous oxide emissions worldwide to avoid the worst of climate impacts.”"
In response to this new major study, hopefully we will see increased momentum in growth of biofertilizer markets in China.
https://www.zmescience.com/science/food-production-nitrogen-emissions-cliamate-353246245/
Justification for biofertilizer markets growing stronger
Synthetic Fertilizers Are Dominant Driver In Rising Levels Of Nitrous Oxide
"synthetic fertilizers, along with manure produced by livestock and used as a natural fertilizer, are the “dominant driver” in rising levels of nitrous oxide, a greenhouse gas, in the atmosphere, said a paper published in the journal Nature on Wednesday."
https://www.agriculture.com/news/business/agriculture-a-key-source-of-nitrous-oxide-emissions
https://www.technologytimes.pk/2020/10/08/synthetic-fertilizers-are-dominant-driver-in-rising-levels-of-nitrous-oxide/
"Our findings point to growing N2O emissions in emerging economies—particularly Brazil, China and India. Analysis of process-based model estimates reveals an emerging N2O–climate feedback resulting from interactions between nitrogen additions and climate change. The recent growth in N2O emissions exceeds some of the highest projected emission scenarios, underscoring the urgency to mitigate N2O emissions."
https://www.nature.com/articles/s41586-020-2780-0
Ag Biotech Poised to Start a New Green Revolution
"Ag Biotech is attracting significant investment. According to Technology Acceleration Partners, the sector drew $3.4 billion in 2017 and $6.9 billion, nearly double, by the end of 2019. Further, according to MarketsandMarkets, the value of the agricultural biologicals sector is expected to rise to $18.9 billion by 2025."
"“Most solutions to the pest issue have traditionally been chemistry based,” says Benoit Hartmann, PhD, head of biologics, Bayer CropScience. “But recently the field has exploded with biological solutions, such as using soil bacteria or fungi. Many are seeking ways that involve natural processes used by Mother Nature to control pests.”
Bayer, long active in agriculture, reaffirmed its commitment to crop science by acquiring a successful startup called AgraQuest. “Some of the biological solutions that originated from AgraQuest have had a major impact on improving farmers’ systems of crop defense,” Hartmann explains. “AgraQuest’s portfolio mostly consisted of biological products to help farmers manage insects and diseases that can be devastating."
https://www.genengnews.com/insights/ag-biotech-poised-to-start-a-new-green-revolution/
Scientists urge reform of global food production system after study shows N2O levels - emitted largely by farming fertiliser - have soared over past two decades
"This new analysis calls for a full-scale rethink in the ways we use and abuse nitrogen fertilisers globally and urges us to adopt more sustainable practices in the way we produce food, including the reduction of food waste," he said. "These findings underscore the urgency and opportunities to mitigate nitrous oxide emissions worldwide to avoid the worst of climate impacts."
https://www.businessgreen.com/news/4021330/study-fertiliser-threatens-global-climate-goals-nitrous-oxide-emissions-soar
"Emissions from synthetic fertilizers dominate releases in China, India and the U.S., while emissions from the application of livestock manure as fertilizer dominates releases in Africa and South America, the study found. The highest growth rates in emissions are found in emerging economies, particularly Brazil, China and India, where crop production and livestock numbers have increased."
https://www.miragenews.com/global-food-production-poses-an-increasing-climate-threat/
China enters another busy harvest season
"Alibaba’s platforms broadcast more than a million agriculture-related livestreams over what was nearly a monthlong period and helped close to 300,000 farmers and merchants sell over 2.25 million metric tons of agricultural produce to consumers – from Shaanxi kiwis and Fujian pomelos to pu’er tea from Yunnan Province."
"One of the ways the festival promoted regional food brands was through gamification."
https://www.alizila.com/alibaba-agriculture-festival-ushers-in-harvest-season/
The lack of filings is uncertain but from PRs apparently due to consolidating operations and thus the accounts from the different entities. Once that process is complete, it makes sense to have all the recent filings comparable. They also recently announced a first order with a state owned company for new biofertilizer markets, a joint venture in soil remediation while they have a production plant expansion underway. It seems they are intending to stay around in the new HQ in Yangling. With sales still down at around 40-50m USD (much lower than the recent acquisition to Syngenta), it seems that a sale now is too early. The PR suggested a sale of common KWBT to Chinese investors only and the new CEO indicated long term benefit to shareholders, if you refer to the shareholder letter. Finally, they announced the plan to pay the 2020 notes in cash rather than use shareholders to pay that debt. Recall, also we were assure no R/S. They were quite clear the issue for delays are due to commercial notes and their credit history with banks appears to be in the early stages since they said it was the first time in 20 years they have used that channel. Kiwa Biotech could be a sitting duck for hostile takeover by an interested buyer with all the shares sold this year but they increased the AS to 3billion, presumably to prevent that. I do not expect failure either and have no clear answers. Appreciate your post.
Link that shows the holiday ends tomorrow
https://www.timeanddate.com/holidays/china/
Hopefully we will get a follow up on the "Chinese investors" mentioned in the August PR before the next filings, particularly to see the number of outstanding shares to help with valuation of KWBT. We are in Q4 now but presumably it would be confirmed in the Q3 filing if it goes ahead.
https://www.globenewswire.com/news-release/2020/08/25/2083072/0/en/KIWA-BIO-TECH-PRODUCTS-GROUP-CORP-August-2020-UPDATE.html
Syngenta sees the biological space booming with opportunity
"Syngenta, the Swiss agrichemicals giant owned by ChemChina, has acquired Italian biologicals group Valagro, a company with $175 million in 2019 sales that uses natural solutions to fight pests and diseases and to improve crops."
https://www.reuters.com/article/valagro-ma-syngenta-idUSL8N2GX0DZ
"Many of Valagro’s products are already marketed in the U.S. but expect to see more in the row crop arena in coming years. Seed treatments, foliar applications and other forms of biological applications are all being considered and tested to see what works best for farmers."
"With more consumers asking for fewer pesticides, weeds and bacteria evolving and many other changes coming to agricultural production, Syngenta sees the biological space booming with opportunity. The company anticipates the biological market will double in size over the next five years."
https://www.agprofessional.com/article/syngenta-makes-first-major-acquisition-realignment
Syngenta Group Acquires Leading Biologicals Company, Valagro
M&A activity heating up in the bio-based agrochemical sector.
"The investment positions Syngenta Crop Protection as one of the key global companies poised to shape the rapidly growing Biologicals market, which is set to nearly double in size over the next five years.
Headquartered in Atessa, Italy, Valagro serves customers around the world with a strong presence in Europe and North America, as well as a growing footprint in Asia, including China, and LATAM.
The investment also forms part of our $2 billion commitment to help farmers address the effects of climate change and improve agricultural sustainability as part of our Good Growth Plan.
Jon Parr, President Global Crop Protection at Syngenta noted: “Significant levels of investment in innovations such as Biologicals are necessary in order to deliver a sustainable future and help farmers deliver a food system working in harmony with nature."
https://www.biospace.com/article/releases/syngenta-group-acquires-leading-biologicals-company-valagro/
"Agrochemicals group Syngenta snaps up Italian rival Valagro
October 7, 2020
Swiss agrochemicals group Syngenta has acquired Valagro, an Italian company that develops biochemicals and nutrients for crop farming. Valagro reported $175 million in sales last year and has more than 700 employees. Syngenta is owned by state-backed chemical group ChemChina."
https://pitchbook.com/newsletter/agrochemicals-group-syngenta-snaps-up-italian-rival-valagro
I referred to only filings, as you wrote.
Last filing was good with $40m revenue. Next filings (2 delinquent) are due by Q3 release date, per the August PR.
I never said things were rosy since last filing.
From PRs, we know there were some good news(7.5m biofertilizer deal, soil remediation joint venture, promise to pay off 2020 notes in cash, potential for Chinese investors to take a stake in KWBT) and bad news (challenges with converting commercial notes to cash, reduction in sales in Q1 due to COVID, delaying some Q3 sales).
As another poster wrote, it is a mixed bag and the current low market cap below $3m is likely not fair value.
10K
https://ih.advfn.com/stock-market/USOTC/kiwa-bio-tech-products-pk-KWBT/stock-news/82564875/annual-report-10-k
Next filings could be out in about 5 and a half weeks. Not long to wait.
Multiple near term catalysts for PPS
Unknown level of "Commercial Bank Notes" by now in October to be processed this year
Potential for a cash influx from "Chinese investors" some time after current Chinese festival
Filings due in November can confirm convertible note status and allow for a proper share valuation based upon projected sales
https://www.globenewswire.com/news-release/2020/08/25/2083072/0/en/KIWA-BIO-TECH-PRODUCTS-GROUP-CORP-August-2020-UPDATE.html
Sustainable development to shine in China
"Ma added the center will strengthen cooperation with international partners to share China's development experience. It has also started to compile its third report of assessing China's progress in implementing the 2030 Agenda, to be released next year."
https://www.chinadaily.com.cn/a/202009/30/WS5f744e4aa31024ad0ba7ceab_2.html
"The UN Decade on Ecosystem Restoration is an opportunity to help turn the tide and give people and nature a sustainable future."
https://www.decadeonrestoration.org/types-ecosystem-restoration
"In September or October 2021, the UN Secretary-General will convene a Food Systems Summit with the aim of maximizing the co-benefits of a food systems approach across the entire 2030 Agenda and meeting the challenges of climate change. The Summit aims to provide a platform for ambitious new actions, innovative solutions, and plans to transform food systems and leverage these shifts to deliver progress across all of the SDGs."
http://sdg.iisd.org/events/2021-un-food-systems-summit/