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CDKG registration revoked:
https://www.sec.gov/litigation/admin/2019/34-85619.pdf
It just went up 9X, yes 9-fold UP.
Does that mean they submitted financials after 3 years???
funny thing is, i'm pretty sure the company is making profit and growing in China. They just don't care at all about the OTC stock.
it's not still suspended. there just have been no trades due to lack of interest.
This ticker is toast. A total write off.
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_tradesuspensions.html
Janice Shell wrote a good piece on the subject.
http://otcsecrets.com/the-sec-just-suspended-my-stock-now-what/
Still suspended. Did anything happen or it is bye bye for this stock?
Very interesting! I think.
Apparently, not!
CDKG SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81357.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81357-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-81356.pdf
Annual report out, still very profitable ! Not sure why there is no buying here.
Definitely! We need to bring this pps up!
correction--auditor, not aditor NM
I don't see any dilution.
I'm not a stockholder. But did researched CDKG only for
about 30 minutes this morning as I was looking for an
investment.
-Since CDKG trades on an U.S. exchange they should have a
website for shareholders here to mirror their own in China,
with an "investor's relations" box.
-I read the 8K. And what I understood is the company's old
model is not working. Therefor, they are starting over.
You should direct your questions to their legal counsel
here in the states. They do have one. You should also
know who is CDKG's aditor is now and if they intend to
change accounting firms.
-Trading has not stopped. Sometimes penny stocks may go
a day or a few without any trading.
Good luck to all and have a good weekend.
Current Report Filing (8-k)
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): December 10, 2013
CHINA DU KANG CO. LTD.
(Exact name of registrant as specified in its charter)
Nevada
000-53833
90-0531621
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
Town of Dukang, Baishui County,
A-28, Van Metropolis, #35 Tangyan Road,
Xi'an, Shaanxi, PRC, 710065
(Address of principal executive offices) (zip code)
8629-88830106-822
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets.
On December 10, 2013, the Board of Directors of China Du Kang Co. Ltd., a Nevada corporation (“CDKG” or the “Company”), authorized a restructuring of the equity ownership and capital of its Shaanxi Bai Shui Du Kang Liquor Co., Ltd. subsidiary (“Du Kang Liquor Co.”), which is the Chinese subsidiary that is the exclusive manufacturing facility that distills the Company’s proprietary line of white wines and liquors. The goal of the restructuring is to increase the capital of Du Kang Liquor Co. so that it can increase its production capacity to 5,000 tons/year and meet market demand for its products, and to increase its marketing presence in China and increase sales of these products.
Prior to the restructuring, Du Kang Liquor Co. was 90.51% owned by the Company’s Shaanxi Xi Deng Hui Science & Technology Industrial Stock Co., Ltd. (“Xi Deng Hui”) subsidiary, with a capital investment of 41,976,500 RMB, and 9.49% owned by investors Hongjun Zhang, Yongsheng Wang, Fenying Nie and Pingjun Nie (the “Investors”), with a combined capital investment of 4,403,500 RMB. Yongsheng Wang is the Chief Executive Officer of the Company. Fenying Nie is a Director of the Company. In addition, Xi Deng Hui owned 70% of the capital stock of the unprofitable Shaanxi Bashui Liquor Brand Management Co., Ltd. (“Bashui Liquor Brand Management”), with a capital of 1,000,000 RMB. Finally, Xi Deng Hui owned 7.9% of the Shaanzi Yellow-river Bay Wenquan Lake Park Co., Ltd. subsidiary, with a capital of 152,000,000. The organizational structure and invested capital of Du Kang Liquor Co. prior to the restructuring was as follows:
[See Organizational Chart on following page]
2
Equity Structure Before Restructuring
3
After the restructuring, Du Kang Liquor Co. will be 51% owned by Xi Deng Hui, with a capital investment of 41,976,500 RMB, and 24.8% owned by Shaanxi Du Kang Group Co., Ltd. (“Du Kang Group”), with a capital investment of 20,420,000 RMB, 18.86% owned by Shaanxi Bai Shui Du Kang Marketing Management Co., Ltd. (“Du Kang Marketing Management”), with a capital investment of 15,530,000 RMB, and 5.34% owned by the Investors with a capital investment of 4,403,500 RMB. As a result of the restructuring, the capital investment in Du Kang Liquor Co. will have increased from 46,380,000 RMB to 82,330,000 RMB. In addition, Xi Deng Hui will dispose of its investment in Bashui Liquor Brand Management. The organizational structure and invested capital of Du Kang Liquor Co. after the restructuring will be:
[See Organizational Chart on following page]
4
Equity Structure After Restructuring
5
Du Kang Group is an affiliated entity that distributes CDKG’s liquor. Du Kang Marketing Management, is an affiliated entity that markets the Company’s proprietary line of white wines and liquors.
Du Kang Group converted a loan receivable from Du Kang Liquor Co. in the amount of 20,420,000 RMB into equity of Du Kang Liquor Co. and the Investors equity stake in Du Kang Liquor Co. was reduced to 5.35%, while the investment amount remains as 4,403,500 RMB. Du Kang Marketing & Management contributed the assets of a building property valued at 15,530,000 RMB to the equity of Du Kang Liquor Co.
The Board of Directors determined that the restructuring was fair to and in the best interests of the Company, and implemented the Company’s new business plan. Because the restructuring mentioned above is subject to the local governmental approval and the approval was received recently, we file the 8-K after we received the local government’s approval for the restructuring.
6
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
China Du Kang Co. Ltd.
Dated: March 28, 2014
By:
/s/ Wang Yong Sheng
Wang Yong Sheng
President and Chief Executive Officer
7
Sounds like their liquor is in demand.
Notification That Annual Report Will Be Submitted Late (nt 10-k)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
x
Form 10-K
o
Form 20-F
o
Form 11-K
o
Form 10-Q
o
Form N-SAR
For Period Ended: December 31, 2013
o Transition Report on Form 10-K
o Transition Report on Form 20-F
o Transition Report on Form 11-K
o Transition Report on Form 10-Q
o Transition Report on Form N-SAR
For the Transitional Period Ended:____________________________________________________________
Read Instruction (on back page) Before Preparing Form. Please Print or Type Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
CHINA DU KANG CO., LTD.
Full Name of Registrant
_____________________________
Former Name if Applicable
Town of Dukang, Baishui County,
A-28, Van Metropolis, #35 Tangyan Road
Address of Principal Executive Office (Street and Number)
Xi’an, Shaanxi, P.R. China 710065
City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
x
(a)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
(c)
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
China Du Kang Co., Ltd. (the “Company”) is still awaiting its independent auditor to complete its audit in order to prepare Form 10-K. For the foregoing reason, the Company requires additional time in order to prepare and file its Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
The Company does not expect significant changes in its results of operations and earnings from the corresponding period ended December 31, 2012.
(Attach Extra Sheets if Needed)
PART IV - OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification.
Wang Yong Sheng
011-8629
88830106-822
(Name)
(Area Code)
(Telephone Number)
(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). x Yes o No
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? o Yes x No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
2
CHINA DU KANG CO., LTD.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 31, 2014
By:
/s/ Wang Yong Sheng
Wang Yong Sheng
President and CEO
Maybe the URL is for another company in China. Since I don't read Chinese instead of for CDKG
The web site in Chinese is up and active.
So not sure why they have not filed 10q.
www.du-kang.cn
I think they only made $200,000 profit in 2013.
Contact Info
Town of Dukang
Baishui County
A-28,Van Metropolis,#35 Tangyan Road
Xi'an, Shaanxi 710065
China
Website: http://www.du-kang.cn
Phone: 8629-88830106-822
Email: changjiangmin.nenergy@gmail.com
Business Description
The Company manufactures, sells, licenses and distributes a proprietary line of liquors and white wines that are generally known in China as "Du Kang." The largest sellers are currently collections called the "Baishui Dukang" series, the Thirteen Dynasties series and Jiu Zu Gong.
At present, Du Kang has 6000 ton production capacity per year including (brewing and packaging). Liquor products unit price ranges from $2.00 USD to $150.00 USD. Our Du Kang Liquor products are sold in most...
CDKG has been profitable for a couple of years now. So I wonder what has happened. Granted they were making under $1 million in profit -- but still profitable!
That's what I have been wondering. There is virtually no movement and there has been no news. From my understanding this was or is a profitable company.
REDULTS OF OPERATIONS: COMPARISON OF THE THREE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
Revenue
Total revenues for the three months ended September 30, 2013 were $1,229,597 as compared to $1,378,869 for the same period of 2012, representing a decrease of 10.8%.
These include sales of liquor, which were $1,215,394 for the three months ended September 30, 2013 and $1,173,650 for the same period of 2012.
Sales of liquor to related parties distributors were $575,201 or approximately 47.3% of total liquor sales for the three months ended September 30, 2013; and $410,800 or 35.0% of total liquor sales for the three months ended September 30, 2012, respectively. The Company increased its sales of liquor to various new related party distributors. The Company's revenues from sales of liquor for the three months ended September 30, 2013 increased $41,744 or approximately 3.6% as compared to the same period in 2012. The Company has introduced new products to the market along with new product packaging and increased promotion and advertising spending to attract customers.
The license fees revenue for the three months ended September 30, 2013 were $14,203 and $205,219 for the same period of 2012, representing a decrease of 93.1%, as a result of the change in our strategy to reduce granting third parties the use of our brand names.
There are no related parties' revenues generated from license fees or agent sales.
Why do you say that?
You still long on CDKG?
So where is all the volume that occurred 4 months ago? Why did CDKG die off?
CDKG is already up by 100%.now it is at 300%
CDKG is already up by 100%.now it is at 300%
CDKG is now starting make real profits here! Profitable for 2 Qs in a row. Too bad no one knows about the liquor company.
they are a little late on filings.
Here's some information on CDKG
http://baike.baidu.com/view/82239.htm
The Company has planned to move forward and increase its market shares price. The Company has made lots of improvement over the past few years to increase its stockholders value. As you can see from their SEC filings the Company has converted all outstanding debt to equity in the Company, from there they increase their revenues and profits.
The Company manufactures "Baijiu" and distributes and sells its own the products. "Baijiu" in China is a huge market.
http://en.wikipedia.org/wiki/Baijiu
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