Kiwa Bio-Tech Products Group Corp (fka KWBT)

[operating_line]

8K Material Definitive Agreement Filed

"Yangling Free Trade Zone has agreed, among other subsidies, to offer Kiwa Bio-Tech approximately US$432,975 (3,000,000 RMB) in incentives for the purchase of land, provide tax preferences for the first three years of production on all income derived from the facility and to promote and market Kiwa’s products to its 326 demonstration planting parks."

The construction of the manufacturing facility is expected to be completed in 2020 and have a production capacity of 60,000 tons of Kiwa Bio-Tech’s core microbes. The annual production value is expected to be over US$65 million (approximately 462 million RMB).

https://marketexclusive.com/kiwa-bio-tech-products-group-corporation-otcmktskwbt-files-an-8-k-entry-into-a-material-definitive-agreement-6/2018/12/