-----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, KLrIpkn/FUgerzSBwlumdgJaxX8NRhyvIbM1u98FGhFMFjE9SdfBOfVjOumpl8zd t+AsBj1SZcolzH6fBxmM+g== 0001264931-07-000036.txt : 20070124 0001264931-07-000036.hdr.sgml : 20070124 20070124113405 ACCESSION NUMBER: 0001264931-07-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070124 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20070124 DATE AS OF CHANGE: 20070124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHINA DIGITAL MEDIA CORP CENTRAL INDEX KEY: 0000821524 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 133422912 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30212 FILM NUMBER: 07548720 BUSINESS ADDRESS: STREET 1: 2505-06, 25/F, STELUX HOUSE, STREET 2: 698 PRINCE EDWARD ROAD EAST, KOWLOON CITY: HONG KONG STATE: F4 ZIP: 510000 BUSINESS PHONE: 852-2390-8688 MAIL ADDRESS: STREET 1: 2505-06, 25/F, STELUX HOUSE, STREET 2: 698 PRINCE EDWARD ROAD EAST, KOWLOON CITY: HONG KONG STATE: F4 ZIP: 510000 FORMER COMPANY: FORMER CONFORMED NAME: HAIRMAX INTERNATIONAL INC DATE OF NAME CHANGE: 20030807 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL BEAUTY CORP DATE OF NAME CHANGE: 20011010 FORMER COMPANY: FORMER CONFORMED NAME: BEAUTYMERCHANT COM INC DATE OF NAME CHANGE: 19991029 8-K 1 form8-k.htm CDGT 8-K 01.24.07 CDGT 8-K 01.24.07
 
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): January 24, 2007
 

CHINA DIGITAL MEDIA CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
Nevada
(State or Other Jurisdiction of Incorporation)

000-30212
(Commission File Number)

13-3422912
(I.R.S. Employer Identification No.)

2505-06, 25/F, Stelux House, 698 Prince Edward Road East,
Kowloon, Hong Kong
(Address of Principal Executive Offices) (Zip Code)

(011) 852-2390-8600
(Registrant's Telephone Number, Including Area Code)
 
 
 

 
 
 
 
 
This Current Report on Form 8-K is filed by China Digital Media Corporation f/k/a Hairmax International, Inc., a Nevada corporation (the “Registrant”), in connection with the item set forth below.
ITEM 2.01 - Completion of Acquisition or Disposition of Assets
 
On June 15, 2005, the Registrant entered into a Strategic Alliance Agreement (the “Agreement”) with Guangdong Pukonyi Culture Development Limited, a limited liability company organized and existing under the laws of the Peoples’ Republic of China (“Pukonyi”) and Pukonyi has changed its name to Guangdong Huaguang Culture Development Limited, and Messrs. Chen and Chow, residents of the Peoples’ Republic of China and the sole shareholders of Pukonyi. The Registrant reported that Pukonyi is a company that is engaged in the businesses of creating television programming for sale and selling commercial advertising for customers located throughout mainland China. It had registered capital of approximately US$61,000.

The Agreement provided that the Registrant acted as an exclusive service provider to Pukonyi, and also had a significant influence in Pukonyi’s business development and operations. For example, the Registrant had the right to appoint a majority of Pukonyi’s Board of Directors and received approximately 90% of Pukonyi’s gross profits under its services contract. In return, the Registrant issued approximately US$183,000 worth of its restricted common stock to the sole shareholders of Pukonyi.

On January 24, 2007, the Registrant has exercised its option to request the sole shareholders to transfer all of their equity interest in Pukonyi to the Registrant for approximately US$10, subject to the approval of all related laws of the Peoples’ Republic of China.
 
 
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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.

 
 
 
 
CHINA DIGITAL MEDIA CORPORATION
 
 
 
 
 
 
 
Date: January 24, 2007
By:  
/s/ Ng Chi Shing
 
Ng Chi Shing
President
 

 
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