Kiwa Bio-Tech Products Group Corp (fka KWBT)

[operating_line]

Thanks for posting.

Point 3 is informative

"The loan-program work slow than we expected, but it gets better and the farmers like our product. The Agreement with Shaanxi Agricultural Credit Financing Guarantee Co., Ltd. for the loan-program started on July 22 and the Agreements with banks need to wait complete the 3q shipments than bank would fund the loan to the farmers to pay the company."

3q shipments completed by September. Presumably Postal Savings Bank of China will start executing on cash to Kiwa Biotech in October.

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

Cash flow into company should pick up soon with Chinese investors funding Kiwa Biotech in mid-September and banks funding over from October (& possibly new bank loan before end of September).

Both Chinese banks and Chinese investors providing financial support to Kiwa Biotech is a vote of confidence for KWBT.

https://finance.yahoo.com/news/kiwa-bio-tech-products-group-100000854.html