Keyuan Petrochemicals, Inc. 3
3 · Keyuan Petrochemicals, Inc. · Filed Jan 5, 2017
Insider Transaction Report
Form 3
XinKe Petrochemicals Inc.
10% Owner
Holdings
- 56,862,866
Common Stock, par value $0.001 per share
Footnotes (3)
- [F1]On December 19, 2016, pursuant to a contribution agreement between XinKe Petrochemicals Inc., a Nevada corporation (the "Reporting Person"), and Delight Reward Limited, a British Islands company ("Delight Reward"), the Reporting Person purchased 53,051,001 shares of common stock of Keyuan Petrochemicals, Inc. (the "Company"), par value $0.001 per share ("Keyuan Share") in exchange of 53,051,001 shares of common stock of the Reporting Person, par value $0.001 per share ("XinKe 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 or about the same day, the Reporting Person purchased from 7 shareholders of the Company respectively an aggregate of 3,811,865 Keyuan Shares in exchange for an aggregate of 3,811,865 XinKe Shares.
- [F3]As a result of the such purchases listed in Item (1) and (2) above, the Reporting Person became a shareholder of the Company holding 56,862,866 Keyuan Shares representing approximately 90% of issued and outstanding Keyuan Shares.