-----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, Br8I+i9EBDhi8pfyquPj6gIwTnWBrqrc/O5NG+zCVjbLEW3frOOtMC2RXj+J2ZhR eOFkVmyFqf2yBOtzjxvhkw== 0001213900-09-000805.txt : 20090408 0001213900-09-000805.hdr.sgml : 20090408 20090408102610 ACCESSION NUMBER: 0001213900-09-000805 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090403 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090408 DATE AS OF CHANGE: 20090408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sinoenergy CORP CENTRAL INDEX KEY: 0001107563 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 841491682 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34131 FILM NUMBER: 09738958 BUSINESS ADDRESS: STREET 1: PO BOX 461029 CITY: GLENDALE STATE: CO ZIP: 80246 BUSINESS PHONE: 3033941187 MAIL ADDRESS: STREET 1: PO BOX 461029 CITY: GLENDALE STATE: CO ZIP: 80246 FORMER COMPANY: FORMER CONFORMED NAME: Sinoenergy DATE OF NAME CHANGE: 20061003 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLYN RESOURCES III INC DATE OF NAME CHANGE: 20000223 8-K 1 f8k040309_sinoenergy.htm CURRENT REPORT f8k040309_sinoenergy.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): April 3, 2009
 
Sinoenergy Corporation
(Exact name of registrant as specified in its charter)

Nevada
1-34131
84-1491682
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

1603-1604, Tower B Fortune Centre Ao City, Beiyuan Road, Chaoyang District,
Beijing China, 100107
(Address of principal executive offices)

Registrant’s telephone number, including area code:
86-10-84928149
 
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))
 
 

 
 
    On April 3, 2009, Sinoenergy Corporation (the "Company") announced additional non-cash expenses for the second quarter ending March 31, 2009, associated with certain 3.0% Guaranteed Senior Convertible Notes due 2012.  A copy of the Company’s press release announcing this projected loss is attached hereto as Exhibit 99.1.
 
    In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
 
Item 9.01  Financial Statements and Exhibits.
 
    Exhibits
 
    99.1    Press Release, dated April 3, 2009.

 
 


 
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.
 
 
SINOENERGY CORPORATION
 
(Registrant)
   
Date: April 8, 2009
 /s/ Bo Huang
 
Bo Huang, Chief Executive Officer 
 
 
 
 
 


 
EX-99.1 2 f8k040309ex99_sinoenergy.htm PRESS RELEASE f8k040309ex99_sinoenergy.htm
 
 
EXHIBIT 99.1
 
Sinoenergy Corporation Reports Additional Non-Cash Expense from Convertible Notes

Friday April 3, 2009, 8:00 am EDT

BEIJING, April 3 /PRNewswire-Asia-FirstCall/ -- Sinoenergy Corporation (Nasdaq: SNEN - News; "Sinoenergy" or the "Company"), developer and operator of retail compressed natural gas (CNG) filling stations in the People's Republic of China, and a manufacturer of CNG transport truck trailers, CNG filling station equipment and CNG fuel conversion kits for automobiles, today announced that the Company has incurred approximately US$ 250,000 of non-cash obligation for the second quarter that ended on March 31, 2009, associated with the 3.0% Guaranteed Senior Convertible Notes due 2012. These notes, in the aggregate principal amount of US$ 14 million, were issued to Abax Lotus Ltd. and CCIF Petrol Limited in a private placement on September 28, 2007.
 
The Indenture relating to the notes provides for an adjustment in the conversion price of the notes based on the market price of the Company's common stock on September 28 and March 28 of each year, provided, that the conversion price shall not be reduced, as a result of this provision, to less than $4.20 per share. Effective March 28, 2009, the conversion price of the notes was reduced to $4.20 per share. Prior to the adjustment, the conversion price was $5.125 per share.
 
As a result, Company will incur approximately US$ 3.86 million non-cash expense in aggregate, which will be amortized on a quarterly basis over the 15 quarters remaining during the term of the note, commencing with the quarter that ended March 31, 2009, with any unamortized amount being recognized upon conversion or prepayment of the notes. The amortization of these expenses will increase non-cash loss of US$250,000 to the previously announced estimated loss for the quarter that ended March 31, 2009.
 
About Sinoenergy
 
Sinoenergy is a developer and operator of retail CNG stations as well as a manufacturer of compressed natural gas (CNG) transport truck trailers, CNG station equipment, and natural gas fuel conversion kits for automobiles, in China. In addition to its CNG related products and services, the Company designs and manufactures a wide variety of customized pressure containers for use in the petroleum and chemical industries. The Company's website is http://www.sinoenergycorporation.com .. Information on the Company's website or any other website is not part of this press release.
 
Safe Harbor Statement
 
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, future changes in the wholesale and retail price for CNG for vehicles in China; changes in policy by the national, provincial and municipal government of the PRC regarding CNG prices, the CNG vehicle industry, the construction and operation of retail CNG filling stations and related issues; the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
 
For more information, please contact:
 
Sinoenergy Corporation
Mr. Shiao Ming Sheng, CFO
Tel:   +86-10-8492-8149
Email: sheng@sinoenergycorporation.com
Web:   http://www.sinoenergycorporation.com

 
-----END PRIVACY-ENHANCED MESSAGE-----