- Current report filing (8-K)
2009年5月2日 - 4:02AM
Edgar (US Regulatory)
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 Earliest Reported Event:
May 1, 2009
CHINA XD PLASTICS COMPANY LIMITED
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(Exact name of registrant as specified in its charter)
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Nevada
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333-134073
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04-3836208
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(State or Other
Jurisdiction of
Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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No. 9 Qinling Road, Yingbin Road Centralized Industrial Park
Harbin Development Zone, Heilongjiang, China
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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86-451-84346600
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(Registrant's telephone number, including area code)
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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):
o
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.02. Termination
of a Material Agreement.
On May 1, 2009, Harbin Xinda
Macromolecule Material Co., Ltd. (Xinda), a wholly-owned subsidiary of China
XD Plastics Company Limited (the Company) and Harbin Xinda High-Tech Co., Ltd.
(Xinda High-Tech) agreed to terminate the transactions contemplated by the
Asset Purchase Agreement entered into between them dated as of September 20, 2008 (the
Asset Purchase Agreement), as amended on February 21, 2009 (the
Amendment).
As previously reported, the Assets
Purchase Agreement, contemplated the purchase by Xinda of 6 buildings including office
building, 19 full automatic production lines and related lands and subsidiary facilities
owned by Xinda High-Tech. Xinda High-tech agreed to sell all facilities to Xinda at the
price of 240 million RMB (US$35 million). Xinda would pay all funds on or before September
30, 2009. Under the Amendment, the payment date agreed under the Purchase Agreement was
extended to December 31, 2009.
Prior to the termination of the Asset
Purchase Agreement and the Amendment, Xinda paid RMB47,600,000 (approximately US$7
million) for seven full automatic production lines from Xinda High-Tech pursuant to the
Asset Purchase Agreement. The termination will not affect Xindas acquisition of the
seven full automatic production lines from Xinda High-Tech. Xinda and Xinda High-Tech
decided to Terminate the Asset Purchase Agreement and the Amendment as it became apparent
that neither company would see the anticipated benefits of the transaction.
With the seven production lines
already acquired from Xinda High-Tech, Xinda shall have ample capacity to meet the current
market demand for its products. The termination of the asset purchase transaction will not
affect the Companys ability to meet production demand by its customers in the near
term.
Item 9.01. Financial
Statements and Exhibits
(d) Exhibits
10.1
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Termination
Agreement by and between Harbin Xinda Macromolecule Material Co., Ltd. and
Xinda High-Tech Co., Ltd. dated as of May 1, 2009.
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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.
Dated: May 1, 2009
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CHINA XD PLASTICS COMPANY LIMITED
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By:
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/s/ Jie Han
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Name: Jie Han
Title: Chief Executive Officer
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China XD Plastics (CE) (USOTC:CXDC)
過去 株価チャート
から 5 2024 まで 6 2024
China XD Plastics (CE) (USOTC:CXDC)
過去 株価チャート
から 6 2023 まで 6 2024