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): February 19, 2008
China
Dongsheng International, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State or
Other Jurisdiction of Incorporation)
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0-26598
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22-3137907
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Jilin
Dongsheng Weiye Science and Technology Development Co., Ltd.
Jifeng
East Road, Gaoxin District
Jilin,
Jilin Province, PRC
(Address
of Principal Executive Offices)(Zip Code)
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c/o
American Union Securities 100 Wall Street 15th Floor New York, NY
10005
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(Address
of principal agent offices)
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86-432-4566702
(212)
232-0120
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(Issuer’s
telephone number)
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None
(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):
[ ]
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))
ITEM
1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS.
On
February 19, 2008, we entered into a Letter of Intent with Mr. Zhang
Qiang. Pursuant to the terms of the Letter of Intent, we are
acquiring the right to use 3,133 acres of land located in Jiaohe, Jilin Province
until February 7, 2034. The land is used for harvesting of ginseng
crops and approximately 18.8 million ginseng plants have already been planted
since 2004. The total purchase price for the land use right and
ginseng crops is $8,965,900. We have already paid a total of
$7,328,708 and will pay the remaining $1,637,192 on or before March 31,
2008.
Item
7.01 Regulation FD Disclosure
On
February 19, 2008 we issued a press release regarding the Letter of Intent to
acquire the land use rights and ginseng plants. The press release is attached
hereto as Exhibit 99.1 and incorporated herein by reference.
The
information contained in the press releases attached hereto is being furnished
and shall not be deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
the liability of that Section, and shall not be incorporated by reference into
any registration statement or other document filed under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such filing.
ITEM
9.01. FINANCIAL STATEMENTS AND EXHIBITS.
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(a)
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Financial
statements of business acquired:
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None
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(b)
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Pro
Forma Financial Information
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None
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(c)
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Exhibits.
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10.1 Letter
of Intent
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99.1 Press
Release
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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.
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China Dongsheng International,
Inc. |
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February
25, 2008
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By:
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/s/ Aidong
Yu |
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Aidong
Yu |
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Chairman
and President
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