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: April 14, 2000
Lotus Pacific, Inc.
(Exact name of registrant as specified in its charter)
Delaware
State of Organization
000-24999
Commission File Number
52-1947160
Employer Identification Number
200 Centennial Avenue, Suite 201, Piscataway, New Jersey 08854
Address of Principal Executive Office
(732) 885-1750
Registrant's Telephone Number, Including Area Code
Item 2. Acquisition or Disposition of Assets
On March 31, 2000, Registrant completed sales of portions of its equity
interest in TurboNet Communications ("TurboNet") to unrelated foreign investors
in a series of individual offshore transactions pursuant to Regulation S under
the Securities Act. The sales generated net proceeds of $64.6 million and
reduced Registrant's ownership of TurboNet's capital stock from approximately
81% to approximately 63%.
Signatures
Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
LOTUS PACIFIC, INC.
Date: April 14, 2000
By: /s/ Jeremy Wang
--------------------------
Jeremy Wang, President
