Keyuan Petrochemicals, Inc. 4
4 · Keyuan Petrochemicals, Inc. · Filed Dec 22, 2016
Insider Transaction Report
Form 4
Delight Reward Ltd
10% Owner
Transactions
- Sale
Common Stock, par value $0.001 per share
2016-12-19−53,051,001→ 56,862,866 total(indirect: By XinKe Petrochemicals Inc.)
Footnotes (3)
- [F1]On December 19, 2016, pursuant to a contribution agreement between Delight Reward Limited (the "Reporting Person"), and XinKe Petrochemicals Inc., a Nevada corporation ("XinKe"), the Reporting Person purchased 53,051,001 shares of common stock of XinKe, par value $0.001 per share ("XinKe Share") in exchange of 53,051,001 shares of common stock of Keyuan Petrochemicals, Inc. (the "Company"), par value $0.001 per share ("Keyuan Share"), in a private placement in reliance upon the exemption from securities registration afforded by Regulation D as promulgated under and/or Rule 4(a)(2) of the Securities Act of 1933, as amended.
- [F2]On December 19, 2016, 7 shareholders of the Company respectively purchased an aggregate of 3,811,865 XinKe Shares in exchange for an aggregate of 3,811,865 Keyuan Shares.
- [F3]As a result of the private placement described in footnote (1) and purchases described in footnote (2), XinKe became a shareholder of the Company holding approximately 90% of issued and outstanding Keyuan Shares and the Reporting Person became a beneficial owner of 56,862,866 Keyuan Shares through its ownership of XinKe.