Report of Foreign Issuer (6-k)
August 14 2020 - 4:53PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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, August 2020
Commission File Number: 001-34661
Lianluo Smart Limited
(Translation of registrant’s
name in English)
Room 611, 6th Floor, BeiKong Technology
Building, No. 10 Baifuquan Road,
Changping District, Beijing, 102200
People’s Republic of China
(Address of principal executive offices)
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): ☐
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): ☐
On
August 13, 2020, Lianluo Connection Medical Wearable Device Technology (Beijing) Co., Ltd (“Lianluo Connection”),
the wholly-owned PRC subsidiary of Lianluo Smart Limited (the “Company”) entered into a Share Transfer Agreement
(the “Agreement”) with China Mine United Investment Group Co., Ltd. (“China Mine”), pursuant
to which Lianluo Connection transfers its 100% equity interests in its wholly-owned PRC subsidiary, Beijing Dehaier Medical Technology
Company Limited (“Beijing Dehaier”) to China Mine for cash consideration of RMB 0. In exchange for all of the
equity interests in Beijing Dehaier, China Mine agrees to assume all liabilities of Beijing Dehaier. The board of directors of
the Company approved the transaction based on a written opinion rendered by The Benchmark Company, LLC, the independent financial
advisor to the board, to the effect that, as of the date of such opinion, the consideration in the sale of Beijing Dehaier is fair
to the Company’s shareholders from a financial point of view.
The foregoing description
of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement,
a copy of which is attached as Exhibit 4.1 to this report and is incorporated by reference herein.
This
Form 6-K is hereby incorporated by reference into the registration statements of the Company on Form S-8 (Registration Numbers
333-222534, 333-208901, 333-198940 and 333-178771) and on Form F-3 (Registration Numbers 333-220758 and 333-227817) to the extent
not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended,
or the Securities Exchange Act of 1934, as amended.
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.
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LIANLUO SMART LIMITED
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August 14, 2020
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By:
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/s/ Yingmei Yang
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Yingmei Yang
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Interim Chief Financial Officer
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