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 August 2012
Commission File Number 000-53776
China Metro-Rural Holdings Limited
(Translation of registrants name into English)
Suite 2204, 22/F Sun Life Tower,
The Gateway, 15 Canton Road,
Tsimshatsui, Kowloon, Hong Kong
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
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): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ¨
The information included in the Report on Form 6-K is incorporated by reference into the registration statement on Form F-3 (File No. 333-171825).
Attached hereto and incorporated by reference herein is a press release dated August 15, 2012 announcing the closing for the issuance of US$60 million guaranteed secured convertible bonds due 2017 convertible into ordinary shares and warrants exercisable to purchase up to 6 million ordinary shares.
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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, thereunto duly authorized.
Date: August 15, 2012 | CHINA METRO-RURAL HOLDINGS LIMITED | |||||
By | /s/ Sio Kam Seng | |||||
Sio Kam Seng | ||||||
Executive Director and Chairman of the Board and Chief Executive Officer |
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EXHIBIT INDEX
Exhibit Number |
Description of Exhibit | |
99.1 | Press Release dated August 15, 2012. |
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Exhibit 99.1
Press Release dated August 15, 2012.
China Metro-Rural Holdings Limited
FOR IMMEDIATE RELEASE
CNR Announces Closing for the Issuance of US$60 Million Guaranteed Secured Convertible Bonds
and Warrants Exercisable to Purchase Up to 6 Million Ordinary Shares
NEW YORK - (MARKETWIRE) August 15, 2012 China Metro-Rural Holdings Limited (NYSE MKT: CNR) is pleased to announce the closing for the issuance of US$60,000,000 principal amount, 14 per cent. guaranteed secured convertible bonds (the Bonds) due 2017 convertible into ordinary shares of the Company (Ordinary Shares) at an initial conversion price of US$1.0811 per share, in a private placement to Willis Plus Limited (the Investor) (the Bond Offering). The Investor is a special purpose entity owned by the Companys controlling shareholders. The Investor borrowed the funds used to purchase the Bonds from PA Universal Opportunity VII Limited, all as described in the Companys Form 6-K filing, referenced below.
The use of proceeds is intended for project development costs for several property development projects in mainland China.
Simultaneously with the Bond Offering, CNR granted to the Investor warrants exercisable to purchase up to 6,000,000 Ordinary Shares of the Company at an initial exercise price of US$1.2973 per share, during the 4 year period commencing one year after the date of issue of the Bonds (the Warrants). The Bonds are not convertible for the first year following their issuance.
The Company will file a registration statement covering the public resale of the Ordinary Shares issuable upon conversion of the Bonds and the exercise of the Warrants pursuant to a registration rights agreement between the parties.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities sold have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the prospectus or CNRs shelf registration statement.
Details of the transaction documents in relation to the Bond Offering may be found in our Form 6-K furnished to the United States Securities and Exchange Commission dated August 3, 2012 or on our website at www.chinametrorural.com.
ABOUT CHINA METRO-RURAL HOLDINGS LIMITED
China Metro-Rural Holdings Limited is a leading agricultural logistics platform development and rural-urban migration and city re-development company in China.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are, by their nature, subject to risks and uncertainties. This Act provides a safe harbor for forward-looking statements to encourage companies to provide prospective information about themselves so long as they identify these statements as forward-looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements, including statements regarding industry prospects and future results of operations or financial position, made in this press release are forward looking.
Words such as continue, consider, probably, will, strive and similar expressions may identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to: the Companys future performance, the Companys expansion efforts, the state of economic conditions, the Companys market and the governmental policy. These forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes to be appropriate in particular circumstances. However, whether actual results and developments will meet the Companys expectations and predictions depends on a number of known and unknown risks and uncertainties and other factors, any or all of which could cause actual results, performance or achievements to differ materially from the Companys expectations, whether expressed or implied by such forward-looking statements.
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CONTACT:
China Metro-Rural Holdings Limited Investor Relations Department
Phone: (852) 2111 3815
E-mail: ir@chinametrorural.com
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