Attached files
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| EX-8.1 - CHINA MARINE FOOD GROUP LTD | v165670_ex8-1.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): November 6, 2009
China
Marine Food Group Limited
(Exact
name of Registrant as specified in its charter)
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NEVADA
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333-40790
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87-0640467
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(State
of incorporation
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(Commission
file number)
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(I.R.S.
employer identification number)
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or
organization)
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Da
Bao Industrial Zone, Shishi City
Fujian,
China
(Address
of principal executive offices)
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36700
(Zip
code)
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Registrant’s
telephone number, including area code: 85-595-8898-7588
(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):
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))
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Item
8.01
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Other
Events (Auction Confirmation Letter Regarding Purchase of A Land Use
Right)
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On November 6, 2009, the Registrant’s
wholly-owned subsidiary, Shishi Huabao Mingxiang Foods Co., Ltd
(“Mingxiang”), won the auction for the purchase of the 40-year use right of
a land in Shishi City, Fujian. Mingxiang executed an Auction
Confirmation Letter regarding this purchase, which was confirmed by the company
that conducted the auction. Covering an area of 8,691.4 square meters, the land
is located next to the fishing port and the Registrant’s processing facilities
in Shishi City. The fishing port in Shishi is one of the five largest
fishing ports in the PRC. The purchase price for the land use right is RMB 15.55
million ($2.28 million), of which 50% ($1.14 million) will be paid within 20
days and the balance ($1.14 million) within 60 days.
The Registrant plans to build cold
storage facilities on the land with a capacity of approximately 20,000 tons, to
take advantage of its proximity to the port where the Registrant obtains fresh
seafood catch to be processed into seafood products. The Registrant intends to
finance the total estimated $20 million in land use right and construction costs
from funds generated by operations and expects to complete the construction in
late 2010. Closing of the acquisition is subject to execution of a
formal agreement with the local land and resources department, which agreement
is expected to be executed in 60 days.
A copy of
Executed Auction Confirmation Letter and its English translation are attached
hereto as Exhibit
8.01.
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Exhibit
No.
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Description
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8.01
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Executed
Auction Confirmation Letter dated November 6, 2009
By
Shishi Huabao Mingxiang Foods Co., Ltd and Fujian Jiafu
Auction
Firm Limited Liability Company.
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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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CHINA
MARINE FOOD GROUP LIMITED
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By:
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/s/ Pengfei
Liu
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Dated:
November 10, 2009
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Pengfei
Liu, Chief Executive Officer
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