HE Bin 4
4 · CHINA DIGITAL VENTURES CORP · Filed Jun 4, 2009
Insider Transaction Report
Form 4
HE Bin
DirectorTreasurer and CFO10% Owner
Transactions
- OtherSwap
Common Stock
2009-05-26−8,700,000→ 0 total - OtherSwap
Common Stock
2009-05-26+5,457,000→ 5,457,000 total(indirect: Shares held by Wireless One International Limited)
Footnotes (3)
- [F1]On May 26, 2009, Wireless One International Limited entered into a SP Agreement with Mr. Bin He to purchase 8,700,000 shares of China Digital Ventures Corporation from Mr. He and In consideration issued 2,600 shares in Wireless One International Limited to Mr. He.
- [F2]On May 26, 2009, Wireless One International Limited entered into a S&P Agreement with China Digital Ventures Corporation to sell 79% interests in a company, namely China Integrated Media Group Corporation, and in consideration received 2,000,000 shares of China Digital Ventures Corporation.
- [F3]On closing of both transactions above, Wireless One International Limited held an aggregate total of 10,700,000 (approx. 70.27%) of the issued shares of China Digital Ventures Corporation. Thus, Mr. Bin He has 51% ownership of Wireless One International Limited, as a result Mr. He indirectly holds 5,457,000 shares of China Digital Ventures Corporation.