Securities & 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: April 21, 1997
Lotus Pacific, Inc.
(Exact name of registrant as specified in its charter)
Delaware
State of Organization
33-3272-W
Commssion File Number
52-1947160
Employer Identification Number
200 Centennial Avenue, Suite 201, Piscataway, New Jersey 08854
Address of Principal Executive Office
(908) 885-1750
Registrant's Telephone Number, Including Area Code
Item 1. Issuance of Additional Shares to Raise Capital.
Effective April 18, 1997, the Board of Director adopted a
resolution to issue 10,000,000 shares of common stock
with par value of $ 0.001 per share to Evernew International
Ltd. for aggregate consideration of $ 2,000,000.
As of April 18, 1997, the Corporation has 36,937,054
shares of common stock outstanding and 4,300 shareS
of Series A Preferred Stock outstanding.
All matters referred to were approved by the written
consent of a majority in interest of the holders of the Corporation's
outstanding shares of common stock.
Item 2. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial statements of business acquired. None.
(b) Pro forma financial statement. None.
(c) Exhibit. The following exhibit, Letter to Shareholders
dated April 21, 1997, is filed herewith.
Lotus Pacific, Inc.
200 Centennial Avenue, Suite 201
Piscataway, New Jersey 08854
(908) 885-1750
April 21, 1997
LETTER TO SHAREHOLDERS
Dear Shareholders:
The current management of the Corporation, under
a resolution adopted by the Board of Directors and
by unanimous consent of directors, has raised additional
capital by issuing 10,000,000 shares of common
stock at a par value of $ 0.001 per share to Evernew
International Ltd. The total purchase price is $ 2,000,000.
All matters referred to herein have been approved
by the written consent of a majority of holders of the
Corporation's outstanding shares of common stock.
We appreciate your continuing support and interest,
and we believe that this positive step is in the right
direction for the Corporation and its shareholders.
Sincerely,
Lotus Pacific, Inc.
By: /s/ Gu Huang
Gu Huang, Secretary & treasurer
SIGNATURE
Pursuant to the requirements of the Securities &
Exchange Act of 1934, the registrant has duly caused
this report to be signed by the undersigned hereunto
duly authorized.
Lotus Pacific, Inc.
By: _____/s/______
Gu Huang, Secretary & Treasurer
Dated: April 21, 199
