Current Report Filing (8-k)
May 04 2021 - 11:06AM
Edgar (US Regulatory)
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) May 4, 2021
YASHENG GROUP
(Exact name of registrant as specified in its charter)
California |
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000-31899 |
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33-0788293 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
Address: 2245 Fortune Dr. # C San Jose |
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CA 95131 |
(Address of principal executive
offices) |
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(Zip Code) |
Registrant’s telephone number, including area code
Tel : (510)8604685
(Former name or former address, if changed since last report.)
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) |
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☐ |
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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☐ |
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 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.
☐
Section 8 – Other Events
Item 8.01 Other Events.
On April 30, 2021, the Board of Directors of Rouge Mountain Mining
Group Corp (Rouge) resolved to spin-off of its wholly owned
subsidiary, Equity Art Corp Ltd. (EAC) to the shareholders of
Rouge’s parent company, YaSheng Group (HERB).
Rouge will spin-off 100% of EAC pro rata, which equates to
157,165,783 million shares of EAC common stock to its parent’s
shareholders as a dividend, based upon their holdings of HERB
common stock on the record date. Shareholders will receive one
share of EAC common stock for every one share of HERB common stock
that they hold on the record date, which is May 15, 2021. The
dividend will be payable on or around May 21, 2021.
Rouge Mountain has been a wholly owned subsidiary of HERB for more
than 2 years, and Equity Art has been a wholly owned subsidiary of
Rouge Mountain for more than 2 years, so the dividend will be sent
out unrestricted and therefore exempt from registration. Together
with the dividend certificates, disclosure documentation will be
included pursuant to SEC Rule 15c2-11.
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.
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YaSheng
Group |
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May 4, 2021 |
By: |
/s/ Huirong Zhang |
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Name: |
Huirong
Zhang |
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Title: |
Vice President |
2
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