- Current report filing (8-K)
30 Janeiro 2009 - 9:05AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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
): January 30,
2009
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CHINA
HOLDINGS, INC.
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(Exact
name of registrant as specified in its charter)
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Nevada
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(State
or Other Jurisdiction of
Incorporation)
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333-119034
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98-0432681
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(Commission
File Number)
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(IRS
Employer Identification No.)
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101
Convention Center Drive, Suite 700
Las
Vegas, Nevada
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89109
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Julianna
Lu, BSc. MSc.
Chief
Executive Officer
101 Convention Center Drive,
Suite 700, Las Vegas, NV 89109-2001
(Address
of principal executive offices) (Zip Code)
8E-C2, Global Trade Mansion,
No.9A, GuangHua Road, Chaovang District,
Beijing PR China
100020
Issuer’s
telephone Number:
86-10-6586-4790
Mailing
Address
Suite 601 - 110 DaiYouBeiLi,
HaiDian District, Beijing PR China 100091
Issuer’s
telephone Number:
86-10-6586-4790
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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01
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Entry
into a Material Definitive
Agreement.
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On January 27, 2009, China Holdings,
Inc.
and its’ controlled subsidiary:
China Power, Inc.
(together (
“ the Company”) have entered an amended agreement that
China Holdings Inc.
has the
exclusive 100% rights to
100 Square KM (Kilometers) of Land
for Real Estate Development
in Inner Mongolia China. The land
for development is located within 5 kilometers of a city centre and will be
developed with a master plan according to international standards and
developed in consultation with the government and international /domestic real
estate groups. The company believes there is potential for
significant commercial, industrial, residential and recreational properties
development. The Company expects to generate revenues from its development
rights for the
100 Square KM
(Kilometers) of Land /Real Estate Development
in late 2009
or 2010.
As
confirmed o
n November 26, 2008,
China Holdings, Inc.
and its’ controlled subsidiary:
China Power, Inc.
( together (
“ the Company”) has already executed A Land Acquisition, Land Right &
Ownership Agreement (“ the Agreement”) with local municipal government in Inner
Mongolia, P.R. China to exclusively acquire a total of
400 Square KM
of Industrial
lands at a fixed price of 58,000 Yuan ( China Currency) Per Mu Lands ( 1 Mu =
667 Square Meters) with non-competition & non-solicit protections from the
local government. The Agreement allows the Company to acquire all or part of the
of
400 Square
KM
of Industrial lands in next four years exclusively. The Agreement also
allows the Company to apply for partial
Lands
RE-ZONING
into
Residential Lands
or/and Commercial Lands
for further Lands Development.
As
confirmed in
September,
2008
, China Holdings, Inc. and its controlled subsidiary,
China Power Inc.
have secured
exclusive rights/agreements with local government in Inner Mongolia China to
exclusively develop and construct
Wind Power Plants
to generate
2,000 MW (“Megawatts”)
of electricity on a total
300
Square KM land
with non-competition & non-solicit protections from
the local government.
China
Power Inc.
expects to break ground in 2009 for the initial 300 MW of wind
power, to be completed within 24 months approximately. Under the
China Renewable Energy Laws and Registrations, the China State Power Grid has
guaranteed to purchase 100% of the power generated by
China Power, Inc.’s Wind Power Plants
(2,000 MW)
at 0.55 Yuan per kilowatt hour or approximately $0.08 per
kilowatt hour, with a 4% increase annually for 25 years with additional
guaranteed extension terms.
China Holdings, Inc.
and its’
controlled subsidiary:
China
Power, Inc.
have increased the commitment to
develop and maximize all the stockholders’ value on a long-terms
basis.
SIGNATURE
Pursuant
to the requirements 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.
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CHINA
HOLDINGS, INC.
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Date: January
30, 2009
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By:
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/s/
julianna
lu
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Chief
Executive Officer
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Chairperson
of Board Directors
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China (CE) (USOTC:CHHL)
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