UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of: April 2018
Commission File Number: 000-53826
PLASTEC TECHNOLOGIES, LTD.
(Translation of registrant’s name into English)
c/o Unit 01, 21/F, Aitken Vanson Centre, 61 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
Agreement for Transfer of Manufacturing Plant in Kai Ping, China
In accordance with the terms and spirits of a previously disclosed share transfer agreement dated November 14, 2015 entered into between Plastec Technologies, Ltd. (“we,” “us” or “our”) and Shanghai Yongli Belting Co., Ltd. (“SYB”), amongst others, Viewmount Developments Limited, a wholly owned subsidiary of ours (“Viewmount”), entered into a Share Transfer Agreement with Plastec International Holdings Limited, a wholly owned subsidiary of SYB (“Plastec”), on March 30, 2018 (the “Agreement”), pursuant to the terms and conditions of which Viewmount is to transfer the ownership interests in the subsidiaries of Viewmount holding our newly established manufacturing plant in Kai Ping, China to Plastec for a total consideration of approximately HK$70,000, representing the actual registered capital injected by Viewmount into the relevant subsidiaries.
Closing of the transactions contemplated by the Agreement is premised upon certain closing conditions being satisfied, including, among others, approval of the transaction by SYB’s shareholders, and payment of the aforesaid consideration and settlement of all account payables (totaling HK$258,910,000, as of March 26, 2018) owed by the relevant subsidiaries to Viewmount. The closing of the transactions is anticipated to be completed in the second quarter of 2018.
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 hereunto duly authorized.
Dated: April 3, 2018
PLASTEC TECHNOLOGIES, LTD. | ||
By: | /s/ Ho Leung Ning | |
Name: Ho Leung Ning | ||
Title: Chief Financial Officer |