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): | March 22, 2016 |
Weyland Tech, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 000-51815 | 46-5057897 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
9/F, The Wellington |
198 Wellington Street, Central |
| Hong Kong HKSAR |
(Address, including zip code, of principal executive offices) |
Registrant’s telephone number, including area code | +852 9316 6780 |
N/A
(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): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 22, 2016 the company signed the joint venture agreement (“JV”) with Meta 4 Group SarL ("Meta4") for the rollout of Meta4's 'Worldfriend's' network platform in the greater Indonesia market.
The JV calls for a fifty-fifty (50/50) partnership between Weyland Tech. Incorporated and Meta4 to roll out Worldfriend's Network's service in Indonesia, over the next twelve months.
Over the next twelve months, Weyland Tech and Meta4 will offer free subscription to WorldFriends.id (Indonesia) and gradually layer in value-added services including a CreateApp 'DIY' application for individuals to build their own app for personal or business use.
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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| WEYLAND TECH INC. |
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Dated: March 22, 2016 |
| By: /s/ Brent Y. Suen |
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| Name: Brent Y. Suen |
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| Title: President & CEO |