SEC Form 4 · accession 0001062993-15-005053
China Shengda Packaging Group Inc. · CPGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Congyi Fang
Director · 10% Owner
Period of report
Sep 15, 2015
Accepted (ET)
Sep 15, 2015 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421561
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 15, 2015 | J | 840,000 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the Merger, Congyi Fang contributed 840,000 shares of the Issuer's common stock to Parent prior to the consummation of the Merger pursuant to that certain contribution and subscription agreement, dated as of May 21, 2015, by and among Parent, Merger Sub, Eastlake Capital Limited and certain stockholders of the Issuer. Each share of common stock of the Issuer held by Congyi Fang was canceled and converted into the right to receive $7.25 per share in cash, without interest.
Remarks
On September 15, 2015, China Shengda Packaging Group Inc. (the "Issuer") and Yida International Acquisition Limited ("Merger Sub") completed the "short-form" merger pursuant to that certain Plan and Agreement of Merger, dated as of May 21, 2015, adopted by Merger Sub, pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Yida International Holdings Limited ("Parent"), and Congyi Fang ceasing to be a director of the Issuer.