Attached files
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| EX-99.1 - YUHE INTERNATIONAL, INC. | v190862_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): July 14, 2008
YUHE
INTERNATIONAL, INC.
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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333-167246
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87-0569467
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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301
Hailong Street
Hanting
District, Weifang, Shandong Province
The
People’s Republic of China
(Address
of principal executive offices, including zip code)
(86)
536 736 3688
(Registrant’s
telephone number, including area code)
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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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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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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¨
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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
1.01 Entry into Material Definitive Agreements
On July
14, 2010, Weifang Yuhe Poultry Co., Ltd. (“Weifang Yuhe”), a wholly-owned
subsidiary of Yuhe International, Inc. (the “Company”), entered into an asset
purchase agreement (the “Purchase Agreement”) with Liaoning Haicheng Songsen
Stock Farming and Feed Co., Ltd. (“Haicheng Songsen”) and Mr. Jiang Zhaolin, the
controlling shareholder of Haicheng Songsen (collectively, the
“Seller”). Neither Haicheng Songsen nor Mr. Jiang Zhaolin is
affiliated with the Company.
Pursuant
to the Purchase Agreement, the Seller has agreed to sell to Weifang Yuhe certain
assets of Haicheng Songsen, including five breeder farms with a total area of
approximately 52 acres and total building coverage of approximately 680,000
square feet in Haicheng, Liaoning Province, China, for a purchase price of
approximately RMB 21.3 million (the “Transaction”).
Concurrently,
Weifang Yuhe entered into a service agreement (the “Service Agreement”) with Mr.
Jiang Zhaolin. Pursuant to the Service Agreement, Mr. Jiang Zhaolin has agreed
to provide Weifang Yuhe with certain services related to completion and closing
of the Transaction in consideration for certain number of restricted shares of
common stock of the Company calculated at a price of $10 per share with total
consideration equal to approximately RMB 20 million. Based on such calculation,
Mr. Jiang Zhaolin will receive approximately 300,000 restrictive shares at the
closing of the Transaction.
Item
8.01 Other Events
On July
19, 2010, the Company issued a press release announcing the purchase from Seller
of certain assets of Haicheng Songsen, as well as Mr. Jiang Zhaolin’s providing
service in connection with the completion and closing of the Transaction. A copy
of the press release is attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits
EXHIBIT
99.1
Press Release of Yuhe International, Inc. dated July 19, 2010
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Yuhe
International, Inc.
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Date: July
19, 2010
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By:
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/s/
Gao Zhentao
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Gao
Zhentao
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Chief
Executive
Officer
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EXHIBIT
INDEX
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Exhibit
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Description
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Exhibit 99.1
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Press
release, dated July 19, 2010
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