Current Report Filing (8-k)

Date : 06/17/2019 @ 10:12PM
Source : Edgar (US Regulatory)
Stock : Takung Art Co Ltd (TKAT)
Quote : 0.545506  -0.017294 (-3.07%) @ 9:00PM

Current Report Filing (8-k)

 

 

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 17, 2019 (June 17, 2019)

  

  TAKUNG ART CO., LTD 

 

(Exact name of registrant as specified in its charter)

  

Delaware   001-38036   26-4731758

(State or other jurisdiction

of incorporation) 

 

(Commission

File Number) 

 

(IRS Employer

Identification No.) 

 

Flat/RM 03-04 20/F Hutchison House

10 Harcourt Road, Central Hong Kong

(Address of Principal Executive Offices)

 

Registrant’s telephone number: +852 3158 0977

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see  General Instruction A.2. below):

  

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.001 per share TKAT NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company       ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.       ¨

 

 

 

 

 

   

Item 1.01 Entry into a Material Definitive Agreement
   
Item 2.01 Completion of Acquisition or Disposition of Assets.

 

On June 17, 2019, Mr. Chun Hin Leslie Chow, the Chief Executive Officer of Takung Art Co., Ltd. (the “Company”), executed a Form of Application For Shares (the “Application”), a Letter of Transfer of Shares (the “Letter”), an Instrument of Transfer (the “Instrument”) and a Bought Note (the “Note”) on behalf of the Company, pursuant to which the Company purchased from Ms. Ma Hiu Ngai, the Company’s largest shareholder, one (1) ordinary share of Hong Kong MQ Group Limited (“HKMQ”), constituting 100% of its issued and outstanding shares, for a cash consideration of HKD1.00 and therefore made HKMQ its wholly owned subsidiary

 

The foregoing description of the Application, the Letter, the Instrument and the Note does not purport to be complete and is qualified in its entirety by the Application, the Letter, the Instrument and the Note, and copies of the which are attached to this Current Report on Form 8-K as exhibits 10.1, 10.2, 10.3 and 10.4, respectively, which are incorporated herein by reference.

   

Item 9.01 Financial Statements and Exhibits.

  

(d) Exhibits.

 

  Exhibit 10.1 Form of Application For Shares dated June 17, 2019
  Exhibit 10.2 Letter of Transfer of Shares dated June 17, 2019
  Exhibit 10.3 Instrument of Transfer dated June 17, 2019
  Exhibit 10.4 Sold Note dated June 17, 2019
  Exhibit 10.5 Bought Note dated June 17, 2019

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Takung Art Co., Ltd
   
Date:  June 17, 2019  
   
  /s/ Chun Hin Leslie Chow
  Name: Chun Hin Leslie Chow
  Title: Chief Executive Officer

 

 

 

 

 

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