Attached files
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| EX-99.1 - Hongli Clean Energy Technologies Corp. | v208332_ex99-1.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): January 7, 2011
SINOCOKING
COAL AND COKE CHEMICAL INDUSTRIES, INC.
(Exact
name of registrant as specified in Charter)
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Florida
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001-15931
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59-3404233
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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Kuanggong
Road and Tiyu Road 10th Floor
Chengshi
Xin Yong She, Tiyu Road, Xinhua District
Pingdingshan,
Henan Province
People’s
Republic of China 467000
(Address
of Principal Executive Offices)
+86-3752882999
(Issuer Telephone
Number)
N/A
(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:
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))
Forward
Looking Statements
This Form
8-K and other reports filed by SinoCoking Coal and Coke Chemical Industries,
Inc. (the “Registrant”) from time to time with the Securities and Exchange
Commission (collectively the “Filings”) may contain forward looking statements
and information that are based upon beliefs of, and information currently
available to, the Registrant’s management as well as estimates and assumptions
made by the Registrant’s management. When used in the Filings the
words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan”
or the negative of these terms and similar expressions as they relate to the
Registrant or the Registrant’s management identify forward looking
statements. Such statements reflect the current view of the
Registrant with respect to future events and are subject to risks,
uncertainties, assumptions and other factors relating to the Registrant’s
industry, operations and results of operations and any businesses that may be
acquired by the Registrant. Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual results may differ significantly from those anticipated, believed,
estimated, expected, intended or planned.
Although
the Registrant believes that the expectations reflected in the forward looking
statements are reasonable, the Registrant cannot guarantee future results,
levels of activity, performance or achievements. Except as required
by applicable law, including the securities laws of the United States, the
Registrant does not intend to update any of the forward-looking statements to
conform these statements to actual results.
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Item
8.01
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Other
Events.
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On
January 7, 2011 (the “Effective Date”), Henan Province Pingdingshan Hongli Coal
& Coke Co., Ltd. (“Hongli”), a company organized in the People’s Republic of
China (“PRC” or “China”), entered into a Bank Acceptance Agreement (the
“Agreement”) with Pingdingshan Rural Cooperative Bank (the “Bank”). Hongli
is engaged in China-based coal and coke production business operations and
is a variable interest entity that is controlled by the Registrant through
a series of contractual arrangements between Hongli and Pingdingshan Hongyuan
Energy Science and Technology Development Co., Ltd., a wholly-owned subsidiary
of Top Favour Limited, a holding company, which, in turn, is the Registrant’s
wholly-owned subsidiary. Pursuant to the Agreement, Hongli’s bank
acceptance credit with the Bank was increased to a total of RMB 200 million
(approximately USD$30.3 million). For each issuance of bank
acceptance credit, Hongli will be required to deposit cash of 50% of the
issuance amount into its account with the Bank as security for the
credit. Hongli can determine the date and amount of the issuance of
bank acceptance credit based on its need of funds for its business operations
and project construction. The foregoing description of the Agreement
does not purport to be complete and is qualified in its entirety by reference to
a complete copy of the Agreement, a translation of which is filed hereto as
Exhibit 99.1 and incorporated herein by reference.
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Item
9.01
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Financial
Statements and Exhibits
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(d) Exhibits
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Exhibit
Number
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Description
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99.1
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Bank
Acceptance Agreement between Henan Province Pingdingshan Hongli Coal &
Coke Co., Ltd. and Pingdingshan Rural Cooperative Bank dated as of January
7, 2011 (Unofficial Translation)
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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 thereunto
duly authorized.
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SINOCOKING
COAL AND COKE
CHEMICAL
INDUSTRIES, INC.
(Registrant)
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Date:
January 18, 2011
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By:
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/s/
Zan Wu
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Zan
Wu
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Chief
Financial Officer
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