Current Report Filing (8-k)
July 10 2018 - 4:06PM
Edgar (US Regulatory)
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 10, 2018
CHINA COMMERCIAL CREDIT, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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|
001-36055
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45-4077653
|
(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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415-2351
Zhen Building, Yong An Street,
Taishitun
Town, Miyun District, Beijing
Province
People’s Republic of China
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(Address
of principal executive offices)
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86-010-59441080
(Issuer’s
telephone number)
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N/A
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(Former
name or former address, if changed since last report.)
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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:
☐
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))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
2.01
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Completion
of Acquisition or Disposition of Assets.
|
As
previously disclosed in the Current Report on Form 8-K filed on June 25, 2018, on June 19, 2018, China Commercial Credit, Inc.
(the “
Company
”),HK Xu Ding Co, Limited, a private limited company duly organized under the laws of Hong
Kong (the “
Purchaser
”) and CCCR International Investment Ltd., a business company incorporated in the British
Virgin Islands with limited liability (“
CCC BVI
”) entered into certain Share Purchase Agreement (the “
Purchase
Agreement
”) pursuant to which the Purchaser agreed to purchase CCC BVI in exchange of cash purchase price of $500,000.
The transaction contemplated by the Purchase Agreement is hereby referred as Disposition.
On
July 10, 2018, the parties completed all the share transfer registration procedure as required by the laws of British Virgin Islands
and all the other closing conditions have been satisfied, as a result, the Disposition contemplated by the Purchase Agreement
is completed.
Upon
completion of the Disposition, the Company’s sole business became the leasing of used luxurious car carried out by the Company’s
VIE entity, Beijing Youjiao Technology Limited (“
Beijing Youjiao
”).
The
used luxurious car business is conducted under the brand name “Batcar” by Beijing Youjiao. Beijing Youjiao has purchased
6 luxurious cars including Ferrari, Mai Karen, Martha Lahti, Tesla and Land Rover. The total asset value of cars is over $1.5
million. Since the inception of this business in May, Beijing Youjiao has generated nearly $63,000 in revenue.
These
luxurious cars are purchased from used luxury car dealers after being hand-picked and negotiated by our specialists who has years
of experience in luxurious car dealership. Our customers are mainly high net worth individuals who have special preferences for
luxurious cars. The term of the lease could be as short as one day or as long as two months and choose to pay daily or monthly.
Daily rental varies from $300 to $1,200.
We
market our services via online or offline channels. Currently we have one store in Beijing, China.
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.
Dated:
July 10, 2018
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CHINA
COMMERCIAL CREDIT, INC.
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By:
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/s/
Long Yi
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Name:
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Long
Yi
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Title:
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Chief
Financial Officer
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