Not sure it's a merger 8k, mostly different entities exchanging shares. And since these are cayman islands entities, a lot of things are hidden. What's telling though is, hummingbird holdings is held by a shareholder who only invests in biotechnology. This 8k shows this:
FH is the sole shareholder of Tuotuo River HK Limited, a Hong Kong limited liability company, which through various contractual arrangements between Tuotuo’s wholly-owned subsidiary Beijing Qianhaitong Technology Development Co., Ltd. and Beijing Ouruixi Medical Technology Co., Ltd., a PRC entity and its shareholders is in the business of cell research, development, storage and cell culture service in the People’s Republic of China.
It certainly looks like we are the verge of a Chinese biotechnology company being merged, which is huge, because biotech in China is booming market at the moment.
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