James Wu entered into share purchase agreement to acquire TransAKT Taiwan Ltd. from TransAKT Ltd. (OTCPK:TAKD) for $0.1 million on June 24, 2015. All intercompany debts between TransAKT Taiwan and affiliates of TransAKT Ltd. were cancelled as a result of the transaction. TransAKT Ltd. also sold its indirectly owned unit, Vegfab Agricultural Technology Co. Ltd. The transaction is subject to receipt of all of the consents and approvals.

James Wu completed the acquisition of TransAKT Taiwan Ltd. from TransAKT Ltd. (OTCPK:TAKD) on June 24, 2015.