Kiwa Bio-Tech Products Group Corp (fka KWBT)

[udrunkenmonkey]

For me, it's a yes and no as far as how concerning it is
I wanna say in the last vague "press release" that Kiwa intended to focus on growth in China, so it can stand to reason they would close an office (likely only a couple desks with phones) in CA.
Yvonne explained that with kiwa being a Nevada corporation by having an office in California when (imo if) they get current on financials they would have to file taxes in both Nevada and CA going forward so it's a cost cutting step I assume.
I'm curious as to why they didn't close it earlier, unless they were abiding by terms of a lease, which if they did honor the terms of a lease, rather than breaking it, that's a good thing