UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-A
Amendment No. 1
FOR REGISTRATION OF
CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR 12(g) OF THE
SECURITIES EXCHANGE ACT OF 1934
CHINA BIOLOGIC PRODUCTS
HOLDINGS, INC.
(Exact name
of Registrant as specified in its Charter)
Cayman Islands
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75-2308816
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(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification Number)
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18th Floor, Jialong International Building
19 Chaoyang Park Road
Chaoyang District, Beijing
People’s Republic of China
(Address of principal executive offices)
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100125
(Zip Code)
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Securities to be registered pursuant to Section
12(b) of the Act:
Title of each class
to be so registered
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Name of each exchange on
which each class is to be registered
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Preferred Share Purchase Rights
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The NASDAQ Stock Market LLC
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If this form relates to the registration
of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c),
check the following box.
x
If this form relates to the registration
of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A.(d),
check the following box.
¨
Securities Act registration statement
file number to which this form relates: Not Applicable Securities to be registered pursuant to Section 12(g) of the Act:
None
(Title of Class)
Explanatory Note
This Amendment No. 1 to Form 8-A is being filed
by China Biologic Products Holdings, Inc., a Cayman Islands company (the “Company”), as successor issuer to China Biologic
Products, Inc., a Delaware corporation (“CBPO DE”), pursuant to Rule 12g-3 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), to amend the registration statement on Form 8-A filed by CBPO DE with the Securities
and Exchange Commission on February 23, 2017 (the “Original Form 8-A”). On July 21, 2017, CBPO DE merged with and into
the Company (the “Merger”) pursuant to an agreement and plan of merger dated as of April 28, 2017 (the “Merger
Agreement”) between the Company and CBPO DE, with the Company surviving the merger and succeeding to all the rights and obligations
of CBPO DE. Upon the consummation of the Merger, each issued and outstanding shares of CBPO DE’s common stock, par value
$0.0001 per share, was converted into one ordinary share, par value $0.0001 per share of the Company (the “Ordinary Shares”).
In accordance with Rule 12g-3 of the Exchange
Act, the Ordinary Shares of the Company are deemed to be registered under Section 12(b) of the Exchange Act as the successor to
CBPO DE. The Company, as successor issuer to CBPO DE, hereby expressly adopts the Original Form 8-A as its own for all purposes
of the Exchange Act. This Amendment No. 1 to Form 8-A amends and restates in its entirety the Original Form 8-A.
Item 1. Description of Registrant’s Securities to be
Registered.
On February 22, 2017, the board of directors
of CBPO DE adopted a preferred shares rights agreement (the “Prior Agreement”) and authorized and declared a dividend
distribution of one right (a “Right”) for each outstanding share of the common stock of CBPO DE to stockholders of
CBPO DE of record at the close of business on March 6, 2017 (the “Record Date”). Each Right entitled the registered
holder to purchase from CBPO DE one one-thousandth of a share of CBPO DE’s series A participating preferred stock at a discount
under certain circumstances.
On July 21, 2017, CBPO DE merged with and into
the Company, with the Company surviving the merger and succeeding to all the rights and obligations of CBPO DE.
On July 28, 2017, the board of directors of
the Company (the “Board”) adopted an amended and restated preferred shares rights agreement (the “Amended Rights
Agreement”) as an amendment and restatement of the Prior Agreement, with each Right entitling the registered holder to purchase
from the Company one one-thousandth of a series A participating preferred share, par value $0.0001 per share of the Company (the
“Preferred Shares”) at an exercise price of $550.00 per one one-thousandth of a Preferred Share, subject to adjustment
(the “Exercise Price”). The complete terms of the Rights are set forth in the Amended Rights Agreement, dated as of
July 31, 2017, between the Company and Securities Transfer Corporation, as right agent.
Our Board adopted the Amended Rights Agreement
to protect shareholders from coercive or otherwise unfair takeover tactics. In general terms, it works by imposing a significant
penalty upon any person or group that acquires 15% or more of the Ordinary Shares without the approval of the Board. As a result,
the overall effect of the Amended Rights Agreement and the issuance of the Rights may be to render more difficult or discourage
a merger, tender or exchange offer or other business combination involving the Company that is not approved by the Board. However,
neither the Amended Rights Agreement nor the Rights should interfere with any merger, tender or exchange offer or other business
combination approved by the Board. The board of directors of CBPO DE had previously adopted similar preferred shares rights agreements
on November 19, 2012, which expired on November 20, 2014, and on January 8, 2015, which expired on January 8, 2017.
The following is a summary of the terms of the
Amended Rights Agreement. The summary does not purport to be complete and is qualified in its entirety by reference to the Amended
Rights Agreement, a copy of which is attached as Exhibit 4.1 and incorporated herein by reference.
Distribution and Transfer of Rights; Rights
Certificates
The Board has declared a dividend of one Right
for each outstanding Ordinary Share. Prior to the Distribution Date referred to below:
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the Rights will be evidenced by and trade with the certificates for the Ordinary Shares (or, with respect to any uncertificated
Ordinary Shares registered in book entry form, by notation in book entry), together with a copy of this summary of Rights, and
no separate rights certificates will be distributed;
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new Ordinary Shares certificates issued after the Record Date will contain a legend incorporating the Amended Rights Agreement
by reference (for uncertificated Ordinary Shares registered in book entry form, this legend will be contained in a notation in
book entry); and
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the surrender for transfer of any certificates for Ordinary Shares (or the surrender for transfer of any uncertificated Ordinary
Shares registered in book entry form) will also constitute the transfer of the Rights associated with such Ordinary Shares.
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Rights will accompany any new Ordinary Shares
that are issued after the Record Date.
Distribution Date
Subject to certain exceptions specified in the
Amended Rights Agreement, the Rights will separate from the Ordinary Shares and become exercisable following (i) the 10th business
day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired
beneficial ownership of 15% or more of the Ordinary Shares or (ii) the 10th business day (or such later date as may be determined
by the Board) after a person or group announces a tender or exchange offer that would result in ownership by a person or group
of 15% or more of the Ordinary Shares. For purposes of the Amended Rights Agreement, beneficial ownership is defined to include
the ownership of derivative securities.
“Acquiring Person” means a person
or group of affiliated or associated persons who has acquired beneficial ownership of 15% or more of the Ordinary Shares; provided,
however, no person who, at the time of the adoption of the Amended Rights Agreement, beneficially owns 15% or more of the Ordinary
Shares shall be deemed to be an Acquiring Person (i.e. a shareholder’s existing ownership of the Ordinary Shares will be
grandfathered), unless and until such person acquires beneficial ownership of additional 2% or more of the Ordinary Shares without
the pre-approval of the Board.
The date on which the Rights separate from the
Ordinary Shares and become exercisable is referred to as the “Distribution Date.”
After the Distribution Date, the Company will
mail Rights certificates to the Company’s shareholders as of the close of business on the Distribution Date and the Rights
will become transferable apart from the Ordinary Shares. Thereafter, such Rights certificates alone will represent the Rights.
Preferred Shares Purchasable Upon Exercise
of Rights
After the Distribution Date, each Right will
entitle the holder to purchase, for the Exercise Price, one one-thousandth of a Preferred Share having economic and other terms
similar to that of one Ordinary Share. This portion of a Preferred Share is intended to give the shareholder approximately the
same dividend, voting and liquidation rights as would one Ordinary Share, and should approximate the value of one Ordinary Share.
More specifically, each one one-thousandth of
a Preferred Share, if issued, will:
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entitle holders to quarterly dividend payments of $0.001 per share, or an amount equal to the dividend paid on one Ordinary
Share, whichever is greater;
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entitle holders upon liquidation either to receive $1 per share or an amount equal to the payment made on one Ordinary Share,
whichever is greater;
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have the same voting power as one Ordinary Share; and
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entitle holders to a per share payment equal to the payment made on one Ordinary Share, if the Ordinary Shares are exchanged
via merger, consolidation or a similar transaction.
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Flip-In Trigger
If an Acquiring Person obtains beneficial ownership
of 15% or more of the Ordinary Shares, then each Right will entitle the holder thereof to purchase, for the Exercise Price, a number
of Ordinary Shares (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market
value of twice the Exercise Price. However, the Rights are not exercisable following the occurrence of the foregoing event until
such time as the Rights are no longer redeemable by the Company, as further described below.
Following the occurrence of an event set forth
in preceding paragraph, all Rights that are or, under certain circumstances specified in the Amended Rights Agreement, were beneficially
owned by an Acquiring Person or certain of its transferees will be null and void.
Flip-Over Trigger
If, after an Acquiring Person obtains 15% or
more of the Ordinary Shares, (i) the Company merges into another entity, (ii) an acquiring entity merges into the Company or (iii)
the Company sells or transfers more than 50% of its assets, cash flow or earning power, then each Right (except for Rights that
have previously been voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of
shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.
Exchange Provision
At any time after the date on which an Acquiring
Person beneficially owns 15% or more of the Ordinary Shares, the Board may, at its option, exchange the Rights (except for Rights
that have previously been voided as set forth above), in whole or in part, for Ordinary Shares at an exchange ratio of one Ordinary
Share per Right (subject to adjustment). In certain circumstances, the Company may elect to exchange the Rights for cash or other
securities of the Company having a value approximately equal to one Ordinary Share.
Redemption of the Rights
The Rights will be redeemable at the Company’s
option for $0.001 per Right (payable in cash, Ordinary Shares or other consideration deemed appropriate by the Board) at any time
on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that
an Acquiring Person has acquired beneficial ownership of 15% or more of the Ordinary Shares. Immediately upon the action of the
Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001
redemption price. The redemption price will be adjusted if the Company undertakes a share dividend or a share split.
Expiration of the Rights
The Rights expire on the earliest of (i) 5:00
p.m., New York City time, February 22, 2019 or (ii) the redemption or exchange of the Rights as described above.
Amendment of Terms of Amended Rights Agreement
and Rights
The terms of the Rights and the Amended Rights
Agreement may be amended in any respect without the consent of the holders of the Rights on or prior to the Distribution Date.
Thereafter, the terms of the Rights and the Amended Rights Agreement may be amended without the consent of the holders of Rights
in order to cure any ambiguities, to shorten or lengthen any time period pursuant to the Amended Rights Agreement or to make changes
that do not adversely affect the interests of holders of the Rights.
Voting Rights; Other Shareholder Rights
The Rights will not have any voting rights.
Until a Right is exercised, the holder thereof, as such, will have no separate rights as shareholder of the Company.
Anti-Dilution Provisions
The Board may adjust the Exercise Price, the
number of Preferred Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a share dividend,
a share split or a reclassification of the Preferred Shares or Ordinary Shares.
With certain exceptions, no adjustments to the
Exercise Price will be made until the cumulative adjustments amount to at least 1% of the Exercise Price. No fractional Preferred
Shares will be issued and, in lieu thereof, an adjustment in cash will be made based on the current market price of the Preferred
Shares.
Taxes
The distribution of Rights should not be taxable
for federal income tax purposes. However, following an event that renders the Rights exercisable or upon redemption of the Rights,
shareholders may recognize taxable income.
Item 2. Exhibits.
Exhibit 3.1
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Amended and Restated Memorandum and Articles of Association of China Biologic Products Holdings, Inc. (incorporated by reference to Exhibit 3.2 to the Registration Statement on Form F-4 (Reg. No. 333-217564), filed by China Biologic Products Holdings, Inc. on April 28, 2017 and as amended on May 17, 2017).
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Exhibit 4.1
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Amended and Restated Preferred Shares Agreement, dated as of July 31, 2017, by and between China Biologic Products Holdings, Inc. and Securities Transfer Corporation.
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Exhibit 4.2
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Specimen Ordinary Share Certificate of China Biologic Products Holdings, Inc.
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SIGNATURE
Pursuant to the requirements of Section 12 of
the Securities Exchange Act of 1934, the registrant has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereto duly authorized.
Date: August 3, 2017
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CHINA BIOLOGIC PRODUCTS HOLDINGS, INC.
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By:
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/s/ David (Xiaoying) Gao
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Name: David (Xiaoying) Gao
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Title: Chief Executive Officer
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EXHIBIT INDEX
Exhibit No.
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Description
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Exhibit 3.1
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Amended and Restated Memorandum and Articles of Association of China Biologic Products Holdings, Inc. (incorporated by reference to Exhibit 3.2 to the Registration Statement on Form F-4 (Reg. No. 333-217564), filed by China Biologic Products Holdings, Inc. on April 28, 2017 and as amended on May 17, 2017).
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Exhibit 4.1
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Amended and Restated Preferred Shares Agreement, dated as of July 31, 2017, by and between China Biologic Products Holdings, Inc. and Securities Transfer Corporation.
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Exhibit 4.2
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Specimen Ordinary Share Certificate of China Biologic Products Holdings, Inc.
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