Current Report Filing (8-k)
09 April 2018 - 10:28PM
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): April 3, 2018
YOSEN
GROUP, INC.
(Exact
name of registrant as specified in Charter)
Nevada
|
|
000-28767
|
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88-0403070
|
(State
or other jurisdiction of incorporation or organization)
|
|
(Commission
File No.)
|
|
(IRS
Employee Identification No.)
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368
HuShu Nan Road
HangZhou
City, Zhejiang Province, China 310014
(Address
of Principal Executive Offices)
+086-0571-8838
1700
(Registrant’s
Telephone number)
Copies
to:
Asher
S. Levitsky PC
Ellenoff
Grossman & Schole LLP
1345
Avenue of the Americas; Suite 1100
New
York, New York 10105-0302
Phone:
(212) 370-1300
Fax:
(212) 370-7889
E-mail:
alevitsky@egsllp.com
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company 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)
☐
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement.
In
furtherance of its plan to engage in the upscale restaurant business, on April 3, 2018, the Company’s wholly-owned subsidiary,
DB-Link Ltd., a British Virgin Islands company, entered into a cooperation agreement dated March 16, 2018, with Alvin Leung, regarding
brand cooperation and the catering business in the territory of the Mainland China, Australia, New Zealand and the United States
(the “initial territory”). The agreement provides that Mr. Leung will exclusively work with DB-Link in the initial
territory and will provide DB-Link with the brand names of “Bo” and “Daimon” in the initial territory,
and he granted DB-Link a first right of cooperation before seeking similar cooperation with other third parties in Canada, Hong
Kong and Europe. DB-Link’s business will be operated by joint venture entities in which DB-Link will hold a 66% equity interest
and Mr. Leung a 34% interest. In addition, DB-Link will pay Mr. Leung RMB 800,000 (approximately $127,000), half of which has
been paid with the balance being payable in 2019. Mr. Leung is a Hong Kong chef who holds three Michelin stars at his restaurant
Bo Innovation in Hong Kong and one Michelin star in his restaurant Bo London in London.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
99.1
|
Cooperation agreement dated March 16, 2018 between
DB-Link Ltd. and Alvin Leung
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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.
Date:
April 9, 2018
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Yosen
Group, Inc.
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/s/
Zinan Zhou
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Zinan Zhou
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Chief Executive
Officer
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