Report of Foreign Issuer (6-k)
April 08 2020 - 6:03AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of April 2020
Commission
File Number: 333-226308
HUITAO
TECHNOLOGY CO., LTD.
(Translation
of registrant’s name into English)
800 3rd Ave, Suite 2800
New York, NY 10022
Tel: +1 (212) 220-3967
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual
report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document
that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant
is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the
home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a
press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing
a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Disposition
On
March 31, 2020, Huitao Technology Co., Ltd. (the “Company,” previously known as China Advanced Construction
Materials Group, Inc.), Xin Ao Construction Materials, Inc (“BVI-ACM”), the Company’s wholly owned subsidiary,
and Mr. Xianfu Han and Mr. Weili He (the “Purchasers”), entered into certain share purchase agreement (the
“Disposition SPA”). Pursuant to the Disposition SPA, the Purchasers agreed to purchase BVI-ACM in exchange
for cash consideration of $600,000. Upon the closing of the transaction (the “Disposition”) contemplated by
the Disposition SPA, the Purchasers will become the sole shareholders of BVI-ACM and as a result, assume all assets and liabilities
of all the subsidiaries and VIE entities owned or controlled by BVI-ACM. The Company believes that the Disposition is anticipated
to have a significant, material impact on the Company’s consolidated financial statements. A copy of the Disposition SPA
is attached hereto as Exhibit 99.1
The closing of the Disposition is subject to
certain closing conditions including the payment of the $600,000, the receipt of a fairness opinion from ViewTrade Securities Inc.
and the approval of the Company’s shareholders. A copy of the Notice of 2020 Annual Shareholders Meeting is attached hereto
as Exhibit 99.2.
The
Disposition was approved by the board of directors of the Company.
Below
is the Company’s structure chart before the completion of the Disposition.
Below
will be the Company’s structure chart after the completion of the Disposition.
Financial
Statements and Exhibits.
Exhibits.
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, thereunto duly authorized.
Dated:
April 7, 2020
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HUITAO
TECHNOLOGY CO., LTD.
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By:
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/s/
Yang (Sean) Liu
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Name:
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Yang
(Sean) Liu
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Title:
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Chief
Executive Officer
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