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KMT-Hansa Secures "Special Economic Zoning License" and Enters into Letter of Intent with QXCENTURY Ventures Ltd. and HDD Investment Holdings Corp.
KMT-Hansa Secures "Special Economic Zoning License" and Enters into Letter of Intent with ...
About this update from Kmt-hansa Corp.
[{"type":"text","content":"\n\n\n\nKMT-Hansa Secures \"Special Economic Zoning License\" and Enters into Letter of Intent with QXCENTURY Ventures Ltd. and HDD Investment Holdings Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nANGUILLA, British West Indies, Aug. 27, 2019\n\n\n\nNEX: KMC.H                                                                                   \n ANGUILLA, British West Indies, Aug. 27, 2019 /CNW/ - KMT Hansa Corp. (\"KMT\" or the \"Company\") is pleased to announce it has been granted a Hemp International Industry Park Special Economic Zoning License (the \"License\") by Yuanjiang County, Yuxi City, Yunnan Province. The granting of the License is the first such license to be granted to a foreign enterprise. Pursuant to the License, KMT is licensed to grow, cultivate and extract industrial hemp in Yunnan Province. KMT has incorporated a wholly owned subsidiary in China, Yunnan Hansa Co. Ltd., and intends to commence operations in Yunnan Province as an industrial hemp company as soon as possible. The Company intends to apply for additional Special Economic Zoning Licenses in neighboring provinces. \nIn addition, KMT would also like to announce that it has entered into a non-binding letters of intent with each of QXCENTURY Ventures Ltd. (\"QXCV\"), an arm's length party and HDD Investment Holdings Corp. (\"HDD\"), a non-arm's length party. \nQXVENTURES Letter of Intent\nPursuant to a non-binding letter of intent dated August 15, 2019 with QXVC, KMT has agreed to acquire 50% of the issued and outstanding securities of QXVC for an aggregate purchase of US$5 million (or CAD $6,640,375) (the \"Purchase Pr...