UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 4, 2016
SANCON RESOURCES RECOVERY, INC.
(Exact name of registrant as specified in its charter)
Nevada | 000-50760 | 58-2670972 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
602 Nan Fung Tower, 88 Connaught Road Central, Hong Kong | N/A | |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code | +(852) 2868 0668 |
_____________________________________________
(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 5.01 Changes in Control of Registrant
On July 4, 2016, Pontoon Boat Inc. (“Pontoon”) purchased a total of 53,596,540 common shares of Sancon Resources Recovery, Inc. (the “Company”) at US$0.0017 per share, representing 51% of the Company’s outstanding common shares. The shares were purchased for cash from the following persons:
Name | Number of shares | ||
Wai Hung TAM | 3,500,000 | ||
Chi Pan LAM | 3,500,000 | ||
Wai Leong TANG | 3,000,000 | ||
Yee Tat WONG | 4,000,000 | ||
Hoi Yi TO | 3,500,000 | ||
Wai Fan WU | 3,500,000 | ||
Francis BOK | 13,144,867 | ||
Stephen TANG | 13,144,867 | ||
Shuk Har LAI | 6,306,806 |
Pontoon is a limited liability company registered in the Republic of Vanuatu. Pontoon is wholly owned by its director, Mr. KOK Seng Yeap. Mr. KOK is also a director of the Company and he provided the financing to Pontoon to purchase the Company’s shares. The financing is interest free and has no definite repayment schedule.
There is no agreement between Pontoon and its owners and the former Company stockholders regarding election of directors or any other matters.
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.
SANCON RESOURCES RECOVERY, INC. | ||
Date: July 4, 2016 | By: | /s/ Stephen Tang |
Stephen Tang Chief Executive Officer |