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: December 18, 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 5. Other Events
On November 13, 2000, the Registrant established a wholly-owned
subsidiary, Acumen Technology, Inc. ("Acumen"). Incorporated in the
state of Delaware, Acumen focuses exclusively on the development of
broadband communications and network technology.
On December 18, 2000, the Registrant transferred all of the capital
stock of Correlant Communications, Inc. ("Correlant") and Arescom, Inc.
("Arescom") held by it to Acumen. Subsequent to this transaction, Acumen
owns all of the equity interest previous held by the Registrant, and
remains a wholly-owned subsidiary of the Registrant.
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: December 18, 2000
By: /s/ Jeremy Wang
--------------------------
Jeremy Wang, President
