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EX-16.1 - EXHIBIT 16.1 - TRANSAKT LTD.exhibit16-1.htm

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) April 30, 2016

TRANSAKT LTD.
(Exact name of registrant as specified in its charter)

Nevada 000-50392 98-0514250
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation)   Identification No.)
     
Unit 8, 3/F. Wah Yiu Industrial Centre, 30-32 Au Pui Wan St.  
Fotan, Hong Kong n/a
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code 852-52389111

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:

[   ] 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))


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Item 4.01 Changes in Registrant’s Certifying Accountant.

Previous independent registered public accounting firm

TransAKT Ltd. (“we”, “us”, “our”, the “Company”) was notified that, effective April 30, 2016, our independent registered public account firm, AWC (CPA) Limited (“AWC”) has merged (the “Merger”) with Dominic K.F. Chan & Co (“DKFC”) and formed DCAW (CPA) Limited (“DCAW”), which is registered with the Public Company Accounting Oversight Board (PCAOB).

As a result of the Merger, AWC resigned as our independent registered public accounting firm on April 30, 2016.

The audit reports of AWC for the financial statements of our Company for the year ended December 31, 2015 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except to indicate that there was substantial doubt about our ability to continue as a going concern..

In connection with the audits of our financial statements for the fiscal year ended December 31, 2015 and through the date of this Current Report, there were: (i) no disagreements with AWC on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of AWC, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its reports, and (ii) no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K.

AWC was neither engaged as the principal accountant to audit our financial statements (or the financial statements of any subsidiary of our Company) for our fiscal year ended December 31, 2014, nor relied upon by our principal public accountant during that period.

New independent registered public accounting firm

On May 5, 2016, we engaged the successor entity of AWC, DCAW (CPA) Limited, as our independent registered public accounting firm. The engagement of DCAW was approved by our board of directors on May 5, 2016.

During our two most recent fiscal years and through May 5, 2016, neither our Company nor anyone on its behalf consulted with DCAW regarding (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided that DCAW concluded was an important factor considered by our Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K and its related instructions, or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.

AWC furnish us with a letter addressed to the Securities and Exchange Commission stating whether or not AWC agrees with the statements made therein. A copy of such letter, dated May 6, 2016, furnished by AWC is filed as Exhibit 16.1 to this Form 8-K.


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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.

TRANSAKT LTD.

/s/ Yam Chi-Wah
Yam Chi-Wah
Chief Financial Officer
 
Date: May 6, 2016