-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BGnfM1xR4r6i/vp4p7/vm4P0tFNZPuKWWHl82rKo0BJQITweusfU3GaUNaOd22C+ rY9+YmfgA16dCQiYfTBVCw== 0001144204-08-035290.txt : 20080616 0001144204-08-035290.hdr.sgml : 20080616 20080616145129 ACCESSION NUMBER: 0001144204-08-035290 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080610 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080616 DATE AS OF CHANGE: 20080616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SkyPeople Fruit Juice, Inc CENTRAL INDEX KEY: 0001066923 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 980222013 STATE OF INCORPORATION: FL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32249 FILM NUMBER: 08900356 BUSINESS ADDRESS: STREET 1: 3233 GRAND AVENUE STREET 2: .SUITE N-353 CITY: CHINO HILLS STATE: CA ZIP: 91709-1489 BUSINESS PHONE: 8668153951 MAIL ADDRESS: STREET 1: 3233 GRAND AVENUE STREET 2: .SUITE N-353 CITY: CHINO HILLS STATE: CA ZIP: 91709-1489 FORMER COMPANY: FORMER CONFORMED NAME: ENTECH ENVIRONMENTAL TECHNOLOGIES INC DATE OF NAME CHANGE: 20040323 FORMER COMPANY: FORMER CONFORMED NAME: CYBER PUBLIC RELATIONS INC DATE OF NAME CHANGE: 20010111 8-K 1 v117445_8k.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 event reported): June 10, 2008

SKYPEOPLE FRUIT JUICE, INC.

(Exact Name of Registrant as Specified in Its Charter)

Florida

(State or Other Jurisdiction of Incorporation)

000-32249
98-0222013
(Commission File Number)
(IRS Employer Identification No.)


A-4F Tongxinge, Xietong Building, Gaoxin 2nd Road, Xi’an, China
710065
(Address of Principal Executive Offices)
(Zip Code)

011-86-29-88386415

(Registrant’s Telephone Number, Including Area Code)
 
 

(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 2.01. Completion of Acquisition or Disposition of Assets
 
On June 10, 2008, Shaanxi Tianren Organic Food Co., Ltd. (“Tianren”), a 99% owned subsidiary of Pacific Industry Holding Group Co., Ltd., which in turn is a wholly owned subsidiary of the Registrant, closed the transaction contemplated by the Stock Transfer Agreement with Shaanxi Hede Venture Capital Management Co., Ltd. (“Hede”) dated May 31, 2008. Pursuant to the Stock Transfer Agreement, Hede transferred all its stock ownership of Huludao Wonder Fruit Co., Ltd. to Tianren for a total price of RMB 48,250,000 or approximately $6,952,450 (U.S. dollars) based on the exchange rate as of May 31, 2008 published by the Federal Reserve Statistical Release. Tianren acquired substantially all the assets of Huludao Wonder Fruit Co., Ltd. A press release regarding Tianren’ acquisition of the assets is attached hereto as Exhibit 99.1 and incorporated herein by reference. Since Yongke Xue, the Chairman of the Board and Chief Executive Officer of the Company, owns 80% of the equity interest of Hede, Hede is the related party of Tianren according to FAS 57.
 
Item 9.01 Financial Statements and Exhibits.
 
The following exhibits are furnished herewith:
 
99.01  
Text of press release issued by SkyPeople Fruit Juice, Inc. dated June 16, 2008.
 
 
 
 

 


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.

Date: June 16, 2008

SKYPEOPLE FRUIT JUICE, INC.
   
   
By:
/s/ Yongke Xue
 
Yongke Xue,
 
Chief Executive Officer
 

 
 

 
 
EX-99.1 2 v117445_ex99-1.htm
Exhibit 99.1

 For Immediate Release

Contact:
SkyPeople Fruit Juice, Inc.
Ms. Spring Liu, CFO
Phone: +1-818-390-1272
Email: springliu@skypeoplejuice.com
CCG Elite Investor Relations Inc.  
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
www.ccgelite.com


SkyPeople Fruit Juice, Inc. Acquires Apple Juice Facility
 
Xi’an, China, June 16, 2008 - SkyPeople Fruit Juice, Inc. (OTC Bulletin Board: SPFJ) (“SkyPeople ” or “the Company”), a leading processor and manufacturer of concentrated apple juice, kiwifruit, pear and other fruit juice products today announced that it has acquired full ownership of Huludao Wonder Fruit Co., Ltd. (“Huludao Wonder”) for RMB 48.25 million (approximately $6.94 million). The transaction closed on June 10, 2008 through the offset of related party receivables.
 
Huludao Wonder will serve as the core manufacturing and processing facility for apple juice concentrate for the Company. The facility is located in Liaoling province noted for its high acidic apple, which produced 7,208 tons of concentrated apple juice in 2007. As of May 31, 2008, the total assets of Huludao Wonder was RMB 109 million (approximately $15.7million).
 
Prior to the acquisition, Huludao Wonder was a direct subsidiary of a related party of the Company, Shaanxi Hede Venture Capital Limited (“Hede”). On June 1, 2007, SkyPeople entered a contractual agreement with Hede to lease all the assets and operating facilities of Huludao Wonder for one year. In accordance with the US GAAP accounting practices under FIN 46R, the Company consolidated Huludao Wonder’s operations into its financial results effective June 1, 2007. Huludao Wonder contributed approximately $8.0 million in revenue during the six months ended December 31, 2007.
 
“Our completion of the acquisition of Huludao Wonder enhances our ability to participate in the expanding international demand for apple juice concentrate. Operating Huludao Wonder for one year has accelerated our potential to increase productivity through processing and manufacturing facility upgrades. China's export of apple juice concentrate reached 1.04 million metric tons representing 67% of the international trade volume for the 2006-2007 season,” said Mr. Yongke Xue, CEO of SkyPeople. “It is anticipated that the acquisition of Huludao Wonder will decrease our administrative expenses and enable us to more efficiently utilize our internal resources.”
 
About SkyPeople Fruit Juice, Inc.
 
SkyPeople Fruit Juice, Inc. is a holding company for Shaanxi Tianren Organic Food Co., Ltd. Tianren is a company organized according to the laws of the People's Republic of China. SkyPeople’s main products are concentrated apple juice, kiwifruit, pear and other fruit juice for domestic and international consumers. Its brand, HEDETANG, is positioned as a high quality, healthy and nutritious juice concentrate and clear juice product used both as an ingredient component in other products and an end-use juice concentrate product. Tianren owns the largest kiwifruit plantation in China and is a leading worldwide producer of concentrated kiwifruit juice.
 
Forward Looking Statements
 
This press release contains certain 'forward-looking statements' that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to the company's ability to obtain the necessary financing to continue and expand operations, to market its products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems, political and economic factors in the People's Republic of China, compliance requirement of law and regulations of the PRC, the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
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