-----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, J9bee+YMlkB04uDWzA0ZTmipvC98q5UoMqHaibEI+fZgkMUrjm4Srt6x7JgcOOhk 4PpJyGQ6q7Ujw12ag67/ng== 0001072613-10-000893.txt : 20100916 0001072613-10-000893.hdr.sgml : 20100916 20100916130936 ACCESSION NUMBER: 0001072613-10-000893 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100916 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100916 DATE AS OF CHANGE: 20100916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZAP CENTRAL INDEX KEY: 0001024628 STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751] IRS NUMBER: 943210624 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32534 FILM NUMBER: 101075489 BUSINESS ADDRESS: STREET 1: 501 FOURTH STREET CITY: SANTA ROSA STATE: CA ZIP: 95401 BUSINESS PHONE: 7075258658 MAIL ADDRESS: STREET 1: 501 FOURTH STREET CITY: SANTA ROSA STATE: CA ZIP: 95401 FORMER COMPANY: FORMER CONFORMED NAME: ZAPWORLD COM DATE OF NAME CHANGE: 19990715 FORMER COMPANY: FORMER CONFORMED NAME: ZAP POWER SYSTEMS INC DATE OF NAME CHANGE: 19970319 8-K 1 form8-k_16916.htm FORM 8K DATED SEPTEMBER 13, 2010 form8-k_16916.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):  September 13, 2010


ZAP
(Exact name of Registrant as specified in its charter)
 

 
California
            
0-303000
                      
94-3210624
(State or other jurisdiction of
incorporation or organization)
           
Commission File Number
                       
IRS Employer
Identification Number
          
501 Fourth Street
Santa Rosa, CA
                                        
95401
(Address of principal executive offices)
                                        
(Zip Code)

(707) 525-8658
(Registrant’s telephone number, including area code)
 
Former name or former address, if changed since last report:
None
 

 
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:

o
 
Written communications pursuant to Rule 425 under 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-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 
 
 
Item 8.01 
Other Events
 
As previously disclosed in the Company’s Current Report on Form 8-K filed on July 8, 2010, on July 2, 2010, Zap (the “Company”) entered into an Equity Transfer Agreement for the Purchase and Transfer of Certain Equity Interest in Zhejiang Jonway Automobile Co., Ltd. (the “Equity Transfer Agreement”) with Jonway Group Co., Ltd. to acquire a 51% interest in Zhejiang Jonway Autombile Co., Ltd., a limited liability company of the People’s Republic of China (“Zhejiang”), for $29 million (the “Acquisition Transaction 221;).  The closing of the Acquisition Transaction is conditioned on, among other things, the receipt of certain approvals, registrations and licenses from the Ministry of Commerce of the People’s Republic of China, the Zhejiang Administration of Industry and Commerce, and the local counterparts of these entities and other relevant government authorities (“Governmental Approvals”).
 
On September 13, 2010, the Commerce Department of Zhejiang Province in China approved the Company’s proposed acquisition of a 51% interest in Zhejiang (the “Commerce Department Approval”). As previously disclosed, the closing of the Acquisition Transaction is conditioned on the Commerce Department Approval as well as certain other conditions to closing.
 
 
Press Release
 
On September 16, 2010, the Company issued a press release describing the above approval. The full text of this press release is furnished herewith as Exhibit 99.1.
 

 
Section 9 
Financial Statements and Exhibits
 
Item 9.01              Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit                  Description
 
99.1                        Press Release, dated September 16, 2010

 
2

 
SIGNATURE
 
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.
 

 
  ZAP  
       
Date: September 16, 2010
By:
/s/ Steven M. Schneider  
    Chief Executive Officer  
       
       
 


 
3

 



EX-99.1 2 exh99-1_16916.htm PRESS RELEASE DATED SEPTEMBER 16, 2010 exh99-1_16916.htm
EXHIBIT  99.1
 


China Government Approves ZAP Acquisition of Majority Stake in Jonway Auto

SANTA ROSA, Calif. and ZHEJIANG, China (September 16, 2010) – The Commerce Department of Zhejiang Province in China has approved ZAP's (OTC BB: ZAAP) proposed acquisition of a 51 percent equity interest in Zhejiang Jonway Automobile Co. Limited. ZAP and Jonway now intend to move forward to satisfy the remaining conditions to closing the transaction, including but not limited to those related to financing, foreign exchange authority approval in China and share registration.
 
According to the terms of the definitive agreements, ZAP has the right to acquire the remaining 49% of Zhejiang Jonway Automobile Co. Limited at the same valuation by March 30, 2011 or at a then current valuation after that date.
 
ZAP intends to capitalize on the growing automotive and electric vehicle (EV) market in China through the proposed acquisition of a majority stake in Zhejiang Jonway Automobile Co. Limited.  ZAP is a 16-year-old company located in California with expertise in EV design, while Zhejiang Jonway Automobile Co. Limited is a manufacturing subsidiary of Jonway Group, a 20-year-old vehicle manufacturer in China.
 
Safe Harbor Statement
 
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP's periodic reports filed with the Securities and Exchange Commission.
 
 
Contact:
 
AlexCampbell
ZAP Jonway USA
+1-707-525-8658Ext241
acampbell@zapworld.com
 
JessicaGao
ZAPJonwayChina
+8613511038395
juan.gao@zapworld.com

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