Form 8-K for RESORT SAVERS, INC.
25-Sep-2015
Completion of Acquisition or Disposition of Assets, Financial Statements and Item 2.01 Completion of Acquisition or Disposition of Assets
On August 27, 2015, the Company’s wholly-owned subsidiary, Xing Rui International Investment Holding Group, Ltd., by and through a newly formed a Peoples Republic of China corporation subsidiary Hua Xin Chang Rong (Shenzhen) Technology Service Company Limited (“Hua Xin Chang”), completed a purchase of sixty percent (60%) of the shares of Shenzhen Amuli Industrial Development Company Ltd. a Peoples Republic of China corporation (“Amuli”) from Xu Xiao Yun, for 3,000,000 shares of Resort Savers’ common stock. The purchase price is valued $2,400,000 (RMB15,000,000). The shares of Amuli were sold in a private transaction, and the shares of the Company will be issued pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933.
The transaction will close upon the issuance of the shares of the Company’s common stock and the transfer of the shares of Amuli to Hua Xin Chang.
There is no material relationship between the registrant or its affiliates and any of the parties, other than in respect of the material definitive agreement or amendments thereto.
Item 9.01 Financial Statements and Exhibits
Financial statements required by this item will be filed by amendment not later than 71 calendar days after the date this Form is filed.
Other Exhibits
The following exhibits are filed with this Form 8-K.
NUMBER EXHIBIT
10.1 Purchase Agreement