Filing Details
- Accession Number:
- 0001213900-20-012468
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-05-15 11:49:23
- Reporting Period:
- 2020-05-15
- Accepted Time:
- 2020-05-15 11:49:23
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
714284 | Sorl Auto Parts Inc. | SORL | Motor Vehicle Parts & Accessories (3714) | 300091294 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1806481 | Ruili International Inc. | No. 2666 Kaifaqu Avenue, Rui'An Economic Development Dist. Rui'An City, Zhejiang F4 325200 | No | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2020-05-15 | 11,359,403 | $0.00 | 11,359,403 | Yes | 4 | P | Direct | |
Common Stock | Disposition | 2020-05-15 | 11,359,403 | $0.00 | 0 | No | 4 | J | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
Yes | 4 | P | Direct | |
No | 4 | J | Direct |
Footnotes
- On May 15, 2020 (the "Effective Date"), SORL Auto Parts, Inc. (the "Issuer") completed the merger pursuant to that certain agreement and plan of merger dated as of November 29, 2019 (the "Merger Agreement"), by and among the Issuer, Ruili International Inc., a Delaware corporation ("Parent"), and Ruili International Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), under which Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
- Immediately prior to consummation of the Merger, Mr. Xiaoping Zhang, Ms. Shuping Chi and Mr. Xiaofeng Zhang contributed his or her direct owned shares of Issuer's common stock to Parent in exchange for newly issued shares of Parent pursuant to that certain Equity Contribution and Voting Agreement, dated as of November 29, 2019, by and among Parent, Mr. Xiaoping Zhang, Ms. Shuping Chi and Mr. Xiaofeng Zhang.
- Pursuant to the Merger Agreement, Reporting Person's shares of Issuer's common stock were cancelled for no consideration on the Effective Date of the Merger.