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EX-99.1 - Shiner International, Inc.v220544_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):  May 2, 2011

Shiner International, Inc.
(Exact Name of Registrant as Specified in Charter)

Nevada
 
001-33960
 
98-0507398
(State or Other Jurisdiction
of Incorporation)
 
(Commission 
File Number)
 
(IRS Employer 
Identification No.)

19/F, Didu Building, Pearl River Plaza, No. 2 North Longkun Road
Haikou, Hainan Province, China 570125

(Address of principal executive offices; zip code)

Registrant’s telephone number, including area code:       86-898-68581104


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 May 2, 2011, Shiner International, Inc. (“Shiner”) acquired 100% of the equity of Shimmer Sun Ltd., a holding company organized under the laws of the British Virgin Islands ("Shimmer"), for $3.2 million in cash. The acquisition gives Shiner a 65% controlling interest in Shimmer's indirectly owned subsidiary, Ningbo Neisuoer Latex Co., Ltd. ("Ningbo Neisuoer"). Ningbo Neisuoer is a recognized leader in the field of specialty water-based coatings, which are used to produce advanced coated film. As a result of this acquisition, Ningbo Neisuoer is an indirect, majority owned operating subsidiary of Shiner.  A press release announcing Shiner’s acquisition of Shimmer is provided hereto as Exhibit 99.1.
   
Item 9.01
Financial Statements and Exhibits.
 
(d)           Exhibits
 
Exhibit 99.1 -
 
Press Release of Shiner International, Inc. dated May 2, 2011.
 
 
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.
 
Dated:  May 2, 2011
 
 
SHINER INTERNATIONAL, INC.
     
 
By:
/s/ Qingtao Xing
   
Qingtao Xing 
   
President & Chief Executive Officer