Xiuhua Song, Pres. of INTERNATIONAL PACKAGING & LOGISTICS GROUP INC. and a director of the company, has just filed an initial statement of beneficial ownership where 4,320,000 shares of INTERNATIONAL PACKAGING & LOGISTICS GROUP INC. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Song. Song operates out of City Of Industry, CA. Some additional info was provided as follows:
Mrs. Song purchased 3,915,000 shares of common stock on July 1, 2016. Mrs. Song received an additional 405,000 shares as part of an exchange agreement on August 31, 2016.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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