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EX-10 - EXHIBIT 10.1 - China Shengda Packaging Group Inc. | exhibit10-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of Earliest event Reported): December 8, 2010 (July 1, 2010)
CHINA SHENGDA PACKAGING GROUP INC. |
(Exact name of registrant as specified in its charter) |
Nevada | 333-148232 | 26-1559574 |
(State or other jurisdiction of | (Commission File Number) | (IRS Employer Identification |
incorporation or organization) | No.) |
No. 2 Beitang Road |
Xiaoshan Economic and Technological Development Zone |
Hangzhou, Zhejiang Province 311215 |
People's Republic of China |
(Address of principal executive offices) |
(86) 571-82838805 |
(Registrant's telephone number, including area code) |
(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):
[ ] | 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)) |
ITEM 1.01. | ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT |
On July 7, 2010, China Shengda
Packaging Group Inc., a Nevada corporation (the Company), filed a current
report on Form 8-K to report the acquisition by Evercharm Holdings Limited, a
British Virgin Islands corporation (Evercharm) and a wholly-owned subsidiary
of the Company, of the remaining 25% equity ownership interest in Hangzhou
Shengming Paper Co., Ltd. (Hangzhou Shengming) from Cheng Loong (Hangzhou)
Investment Co., Ltd., a Samoa corporation (Cheng Loong). On October 29, 2010,
the Company filed a current report on Form 8-K to report, among other things,
the receipt of notification of approval by the local administration of industry
and commerce of the acquisition. In connection with the completion of the
acquisition, on December 1, 2010, Evercharm entered into a Joint Venture
Agreement, dated as of July 1, 2010 (the Joint Venture Agreement), with
Zhejiang Shengda Color Pre-printing Co., Ltd., a PRC corporation and the
Companys indirect, wholly-owned subsidiary, which owns 75% of Hangzhou
Shengming, relating to Hangzhou Shengming in accordance with rules governing
Sino-foreign joint ventures. The Joint Venture Agreement specifies the business
scope of Hangzhou Shengming and includes standard provisions in joint venture
agreements relating to the management of the joint venture and distribution of
profits and sharing of losses proportional to the parties investments in the
joint venture.
The description of the Joint Venture Agreement in this amendment to current report is a summary only and is in its
entirety by the terms of the Joint Venture Agreement.
ITEM 9.01 | FINANCIAL STATEMENT AND EXHIBITS |
(d) | Exhibits. |
Exhibit | Description |
No. | |
10.1 |
SIGNATURE
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.
China Shengda Packaging Group Inc.
Date: December 8, 2010
/s/ Daliang Teng
Daliang Teng
Chief Executive Officer
(Principal Executive Officer)
EXHIBIT INDEX
Exhibit | Description |
No. | |
10.1 |