Kiwa Bio-Tech Products Group Corp (fka KWBT)

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I am glad that Kiwa Biotech obtained the bank lending facility.

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

We do not know how much that this $14m lending facility has helped Kiwa accumulate cash so far this year.

1. They received approval of their business plan through this facility from government funding (issued by Shaanxi Agricultural Credit Financing Guarantee Co., Ltd). It aligns Kiwa Biotech with the government's plans to prioritize agriculture and rural development.

"It said the country will move to optimize agricultural structure, boost production of green agricultural products or those in short supply, and roll out plans to increase soybean planting and support dairy industry.

The country vowed to step up breakthrough in key agricultural core technologies, and promote independent innovation in areas including biological breeding, heavy agricultural machinery, smart agriculture and green agricultural inputs.
"

http://www.ecns.cn/news/economy/2019-02-20/detail-ifzeratr8871480.shtml

2. The lending facility accelerates receivables and allows them greater flexibility to manage production. This can reduce the chance that Kiwa Biotech will attempt to borrow with toxic debt and gives them some history with the bank that could lend to them directly in the future, if they needed for expansion plans. That is in shareholder's interest to not suffer toxic debt again.

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. "