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): October 17, 2018
SHARING ECONOMY INTERNATIONAL INC.
(Exact name of registrant as specified in Charter)
Nevada | 001-34591 | 90-0648920 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File No.) | (IRS Employee Identification No.) |
No. 9 Yanyu Middle Road
Qianzhou Village, Huishan District, Wuxi City
Jiangsu Province, People’s Republic of China
(Address of Principal Executive Offices)
(86) 51083397559
(Registrant’s Telephone number)
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(b) under the Exchange Act (17 CFR 240.14a-12(b))
☐ 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.02 | Termination of a Material Definitive Agreement. |
The following previously announced proposed acquisitions have been terminated for the reasons set forth below:
Target | Contract | Reason for Terminating Contract | ||
Shenzhen Xinsheng New Energy | Entered into a non-binding MOU on November 7, 2017 | After further evaluation of the business, we concluded that the likely return did not justify the cost. | ||
Shanghai Hong Chuan Culture Promulgation Co., Limited | Entered into an Exclusivity Agreement on December 21, 2017 | The parties could not come to an agreeable acquisition price. | ||
Channel Power Touch Media & EC Adv. | Entered into an Exclusivity Agreement on January 4, 2018 | Channel Power’s business was closed during negotiations. | ||
Quik Ventures | Entered into an Exclusivity Agreement on January 10, 2018 | The parties could not come to an agreeable acquisition price. | ||
iMusicTech & EC Tech | Entered into a non-binding MOU on January 18, 2018 | After further evaluation of the business, we concluded that the likely return did not justify the cost. | ||
JoGeep | Entered into an Exclusivity Agreement on January 29, 2018 | Due diligence materials were not provided to our satisfaction. | ||
Weiying Mtel & EC Tech | Entered into an Exclusivity Agreement on February 27, 2018 | Target company shareholders decided not to sell the business during negotiations. |
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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.
Date: October 18, 2018 | Sharing Economy International Inc. | |
By: | /s/ Jianhua Wu | |
Jianhua Wu | ||
Chief Executive Officer |
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