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): February 1, 2011
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FUSIONTECH,
INC.
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(Exact
name of registrant as specified in its
charter)
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Nevada
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000-53837
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26-1250093
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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.
26 Gaoneng Street, High Tech Zone, Dalian,
Liaoning
Province, China
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116025
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (86)
0411-84799486
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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.03 Creation of a Direct Financial Obligation
On
February 1, 2011, FusionTech, Inc. drew down $1.67 million under a Credit
Facility Agreement with the Shanghai Pudong Development Bank, dated January 19,
2011 (the “Credit Facility Agreement”). The loan matures on January 31, 2012,
and carries an interest rate of 120% of the China benchmark interest rate,
adjustable, and with interest payable, at the end of each of our fiscal
quarters. The material terms and conditions of the loan are governed by the
Credit Facility Agreement filed on January 31, 2011, as Exhibit 10.15 to the
Second Amendment to our Form 8-K.
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.
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FUSIONTECH,
INC.
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(Registrant)
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Date:
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February
4, 2011
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By:
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/s/
Lixin Wang
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Name:
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Lixin
Wang
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Title:
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Chief
Executive Officer
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