HongKong Takung & Equity of Artworks Exchange Announces Reverse Merger With Cardigant Medical

Sichenzia Ross Friedman Ference LLP Advises HongKong Takung Assets and Equity of Artworks Exchange Co. Ltd., on a Reverse Merger with Cardigant Medical Inc.

Press Release – October 28, 2014 (Global Newswire) – New York-based securities law firm, Sichenzia Ross Friedman Ference LLP, announced that it has represented HongKong Takung Assets and Equity of Artworks Exchange Co.,Ltd. (“Takung”), a Hong Kong-based online platform for artists, art dealers and art investors to trade valuable artwork, in a reverse merger with U.S. company, Cardigant Medical, Inc. (“Cardigant”). The reverse merger was completed on October 20, 2014.

Pursuant to the reverse merger, Cardigant l acquired all the issued and outstanding capital stock of Takung and in exchange, Takung shareholders acquired 209,976,000 restricted shares of Cardigant’s common stock. Simultaneous with the reverse merger, all the remaining assets and operations of Cardigant were spun-off.

As a result of the reverse merger, Takung is now the sole wholly-owned operational subsidiary of Cardigant Takung management has taken over management of Cardigant.

“The successful completion of the merger represents a major milestone for Takung, positioning the company for growth and access to the capital market,” said Benjamin Tan, Partner who led the Sichenzia Ross Friedman Ference LLP team. “It is our honor and privilege to be instrumental in the reverse merger and wish Takung all the very best.”

About Sichenzia Ross Friedman Ference LLP

Sichenzia Ross Friedman Ference LLP is a corporate and securities law firm that provides experienced, professional representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF’s clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships and other entities. SRFF also advises institutional investors on transactions involving complex securities law considerations. SRFF’s practice includes the representation of clients located in the United States and throughout the world. To learn more about SRFF, visit www.srff.com, SRFF’s LinkedIn, Twitter: @SRFFLLP and Facebook page.

Click Here to Leave a Comment Below 0 comments

Leave a Reply: