8-K 1 form8k.htm SKY DIGITAL STORES CORP. FORM 8-K form8k.htm

 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC 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 reported): November 29, 2012
 
SKY DIGITAL STORES CORP.
 
(Exact name of registrant as specified in its charter)
 
Nevada
 
000-52293
 
83-0463005
(State or other jurisdiction
 
Commission
 
(IRS Employer
of incorporation)
 
file number
 
Identification No.)
 
#8/F, South Block, Resouces Tech Building
1 Song Ping Shan Road,
High-Tech Industrial Park,
Nanshan District,
Shenzhen, China 518057

(Address of principal executive offices)

Registrant’s telephone number, including area code: 86 755 82718088

(Former name or former address, if changed since last report)
 
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 (see General Instruction A.2. below):
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 

 
 
 
Item 8.01
Other Events.

On November 29, 2012, the Board of Directors of SKY Digital Stores Corp. (the “Company”) made the decision to deregister the Company’s common stock, par value $0.001 per share (the “Common Stock”) because the financial and other costs to the Company of remaining a U.S. public company far outweigh the benefits to the Company and its shareholders of having the Common Stock registered. In particular, the difficulties faced by smaller Chinese companies in raising capital in the United States make it impossible to justify the significant expenses associated with audit, legal, regulatory and related expenses. By deregistering its Common Stock, the Company will be able to focus all of its efforts on continuing to grow its core business.

Accordingly, the Company has filed a Form 15 terminating the registration of the Company’s Common Stock under Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”). The Company is relying on Rules 12g-4(a)(1) and 12h-3(b)(1)(i) under the Exchange Act, to terminate its duty with respect to the Common Stock. Accordingly, the Section 12(g) registration will be terminated 90 days after the filing of the Form 15, at which time the Company will have no further reporting obligations under the Exchange Act.

 
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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.
 
 
SKY Digital Stores Corp.
 
       
Date: November 29, 2012
By:
/s/ Lin Xiangfeng
 
   
Lin Xiangfeng
 
   
Chief Executive Officer
 
   
(Principal Executive Officer)
 

 
 
 
 
 
 
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