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GMEC > SEC Filings for GMEC > Form 8-K on 15-Jan-2014All Recent SEC Filings

Show all filings for GREAT CHINA MANIA HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Changes in Control o

Item 1.01 Entry into a Material Definitive Agreement.

On January 14, 2014, the Company entered into a Purchase and Assignment Agreement (the "Agreement") with C&M Film Workshop Limited ("C&M"). C&M is the legal and beneficial owner of certain overseas movie and entertainment distribution agreements. According to the terms of the Agreement, C&M will assign to the Company and Company will purchase from C&M all of its overseas distribution agreements giving the Company rights to distribute those movies overseas. The Company will pay C&M's sole shareholder twenty million (20,000,000) shares of restricted common stock for the distribution agreements in consideration of the assignment.

Item 2.01 Completion of Acquisition

On January 14, 2014, the transaction set forth in Item 1.01 was completed.

Item 5.01 Change of Control of Registrant

As a result of the consideration delivered in the transaction described in Item 1.01, a change of control of the Company has occurred. Mr. Charlie Wong, the sole shareholder of C&M, received twenty million (20,000,000) shares of common stock of the Company. Mr. Wong now owns 78.06% of the issued and outstanding shares of the Company's common stock. He is not an officer or director of the Company.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Number           Description

10.1                       Purchase and Assignment Agreement dated January 14,

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