Hartcourt Companies (fka HRCT)

[Tin-Berrygood]

Yes..Hrct will change it's name to Maple China and of course Hrct shares will become Maple shares whereas the Sino folks will own 86% with the new shares issued and Hrcter's will own the rest of the new shares issued..Nothing to worry about..Imo

There are other new filings out with more info..accessible from the Hrct web site

Aloha

• the outstanding options of Hartcourt to be assumed and exchanged for equivalent options of Maple China Education Incorporated as the surviving corporation in the reincorporation merger

Transactions

The Share Exchange Agreement provides that Hartcourt will acquire all of the issued and outstanding shares of Sino-Canada. Immediately prior to the closing of the acquisition, Hartcourt will effect a reincorporation from the State of Utah to the State of Delaware, a 1 for 80 reverse stock split and a name change, by merging into its wholly-owned subsidiary, Maple China Education Incorporated. The surviving corporation in the reincorporation will be Maple China Education Incorporated.