Kiwa Bio-Tech Products Group Corp (fka KWBT)

[operating_line]

PRs showed connection to wealthy Chinese investment group

Separate from interesting Cai Shizun investment news...

"previous cooperation between Kiwa and Rong’s Family Group will also be initiated"

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

"At 3:00 p.m. Beijing time, Mr. Wei Rong, President of Rong’s Family Investment Group, the first National Capitalist in China, and a future strategic partner of Kiwa, and his delegation came to Kiwa’s exhibit booth to learn more about the Company’s technology and products.

The Company introduced the implementation of the Trinity Model in Zhouzhi, included the application of Kiwa’s biological fertilizer series, technology, finance, market and other supporting services.

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.”"

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

FYI:
https://www.nytimes.com/2005/10/28/obituaries/rong-yiren-a-chinese-billionaire-dies-at-89.html