Uniwell Electronic Corp (OTCPK:UNWL) entered into a letter of intent to acquire Analytica Bioenergy, Inc. for $0.42 million on August 5, 2013. Under the terms of the letter, Uniwell Electronic agreed to issue 6 million of its treasury stocks. The shares issued will be subject to one year resale restriction. The letter of intent will be followed by a definitive agreement within 60 days. On August 21, 2013, Uniwell Electronic Corp and Analytica Bioenergy, Inc. entered into a definitive agreement regarding the acquisition. The transaction is expected to close on September 20, 2013. The Effective Closing Date of this Definitive Agreement dated this 21st day of August, 2013 shall be September, 30th 2013.

Uniwell Electronic Corp (OTCPK:UNWL) completed the acquisition of Analytica Bioenergy, Inc. for $7.4 million on February 28, 2014. Uniwell Electronic issued 8 million shares as consideration.