Current Report Filing (8-k)
June 17 2019 - 5:12PM
Edgar (US Regulatory)
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
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001-38036
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26-4731758
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001 per share
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TKAT
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NYSE American
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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
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Entry into a Material Definitive Agreement
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Item 2.01
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Completion of Acquisition or Disposition of Assets.
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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
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Financial Statements and Exhibits.
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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.
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Takung Art Co., Ltd
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Date: June 17, 2019
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/s/ Chun Hin Leslie Chow
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Name: Chun Hin Leslie Chow
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Title: Chief Executive Officer
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