BTK botai technology limited

Ann: Appendix 4C - quarterly, page-7

  1. 12,940 Posts.
    lightbulb Created with Sketch. 266
    Maybe you all should read the prospectus,
    In Item 6.3
    "In addition,the Company has no direct business operations in China,
    other than direct ownership of subsidiaries,which may limit
    the payment of dividends to the Company."

    Now you should read the business model.
    Item 3
    How will the Company generate income?
    "The Company's income will be derived from it's
    underlying entitlement to dividends out of
    profits generated by the following income generating
    activities of the Wonhe Business:"
    Wonhe Multimedia Commerce Ltd
    which is incorporated out of China
    will be getting 10% of the profits.
    That's my interpretation of the prospectus but
    you all better dyor.
    The cash belongs in China and 10% of the profits going to WMC.
 
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