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): August 25, 2000
ASIA SUPERNET CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 000-7619 93-0636333
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
1700 Lincoln Street, Suite 3200, Denver, Colorado 80203
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(Address of principal executive offices) (Zip Code)
(303) 860-1700
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(Registrant's telephone number, including area code)
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Item 1. CHANGES IN CONTROL
On June 13, 2000, Asia SuperNet Corporation (ASUP or the Company) issued
106,683,429 shares of its common stock under the terms of an agreement dated May
31, 2000, with the shareholders of ChinaNet Communications, Ltd., a Hong Kong
corporation (ChinaNet), to acquire all of the issued and outstanding common
shares of ChinaNet for a consideration of US$186,696,000. On August 25, 2000,
the shares issued to the shareholders of ChinaNet were returned to ASUP. The
parties are in the process of renegotiating certain terms of the agreement. The
number of shares of ASUP common stock to be issued is not being renegotiated.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
On June 13, 2000, Asia SuperNet Corporation (ASUP or the Company) issued
106,683,429 shares of its common stock under the terms of an agreement dated May
31, 2000, with the shareholders of ChinaNet Communications, Ltd., a Hong Kong
corporation (ChinaNet), to acquire all of the issued and outstanding common
shares of ChinaNet for a consideration of US$186,696,000. On August 25, 2000,
the shares issued to the shareholders of ChinaNet were returned to ASUP. The
parties are in the process of renegotiating certain terms of the agreement. The
number of shares of ASUP common stock to be issued is not being renegotiated.
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.
ASIA SUPERNET CORPORATION
Dated: August 25, 2000 By: /s/ Robert H. Trapp
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Robert H. Trapp
Secretary and Treasurer
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