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SPU > SEC Filings for SPU > Form 8-K on 19-Sep-2012All Recent SEC Filings

Show all filings for SKYPEOPLE FRUIT JUICE, INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SKYPEOPLE FRUIT JUICE, INC


19-Sep-2012

Changes in Control or Registrant


Item 5.01 Changes of Control of Registrant

Pursuant to a share exchange agreement dated September 14, 2012, Hongke Xue and Yongke Xue, each contributed 11,736,626 and 171,935 shares of Common Stock of SkyPeople Fruit Juice, Inc. (the "Company"), respectively, to Golden Dawn International Limited ("Golden Dawn"), a company established under the laws of the British Virgin Islands and a wholly-owned subsidiary of SkyPeople International Holdings Group Limited ("SP International"), an exempted company with limited liability established under the laws of the Cayman Islands. In exchange for such contributions, SP International issued shares to V.X. Fortune Capital Limited, which is wholly owned by Yongke Xue ("VX"), and Kingline International Limited, which is wholly owned by Hongke Xue, resulting in Yongke Xue and Hongke Xue indirectly owning 80.0% and 9.4% equity interest in SP International, respectively. Yongke Xue and Hongke Xue are brothers.

On September 14, 2012, the sole shareholder of China Tianren Organic Food Holding Company Limited ("China Tianren"), which holds 1,467,078 shares of Common Stock of the Company, transferred 100% of his interest in China Tianren to Everlasting Rich Limited ("Everlasting Rich"), a wholly-owned subsidiary of SP International.

Prior to the transactions described above, Hongke Xue held 11,736,626 shares, or 44.3%, of the Company's Common Stock. Following the transactions described above, SP International indirectly and beneficially owns, through its control over its wholly owned subsidiaries, Golden Dawn and Everlasting Rich, an aggregate of 13,375,639 shares of the Company's Common Stock, or 50.46% of the total outstanding shares of the Company's Common Stock. Accordingly, SP International will have sufficient voting power to exercise control over the Company's business and affairs and will be able to determine the outcome of any matter submitted to a vote of shareholders of the Company that requires the approval of a majority of the voting power of the Company's Common Stock. SP International is controlled by Yongke Xue, the Chief Executive Officer and Chairman of the Board of Directors of the Company, who indirectly and beneficially owns 80% equity interest in SP International and also serves as the sole director of SP International.


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