Yahoo! Finance Search - Finance Home - Yahoo! - Help
EDGAR
Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CHTL.OB > SEC Filings for CHTL.OB > Form 8-K on 10-Mar-2009All Recent SEC Filings

Show all filings for CHINA TEL GROUP INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CHINA TEL GROUP INC


10-Mar-2009

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.

On March 9, 2009 China Tel Group, Inc, a Nevada Corporation (the "Company"), entered into an asset purchase agreement (the "Agreement") with Trussnet Capital Partners (HK) Ltd, a Hong Kong corporation (the "Seller"), to acquire 2,450,000,000 shares of ChinaComm Limited, a Cayman corporation ("ChinaComm Limited"), from the Seller for $191,000,000 US in the form of a non-recourse promissory note secured by a pledge of acquired shares of ChinaComm Limited. The promissory note accrues interest at eight percent per annum payable quarterly and matures on March 9, 2010. The transaction set forth in the Agreement closed on March 9, 2009. The 2,450,000,000 shares of ChinaComm Limited represent 49% of the authorized shares of ChinaComm Limited. Attached as Exhibit A to this Form 8-K is a fully executed copy of the Agreement.

Attached as Exhibit B to this Form 8-K is a fully executed copy of the press release dated March 9, 2009.

Item 9.01 Exhibits

99.1 Stock Purchase Agreement dated February 22, 2009

99.2 Press Release dated March 9, 2009

  Add CHTL.OB to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CHTL.OB - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2010 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.