Unassociated Document
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): March 27, 2009 (March 26,
2009)
China
Automotive Systems, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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000-3123
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33-0885775
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(State
or other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer
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incorporation
or organization)
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Identification
No.)
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Identification
No.)
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No.
1 Henglong Road, Yu Qiao Development Zone
Shashi
District, Jing Zhou City
Hubei
Province
People’s
Republic of China
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code (86) 27-5981 8527
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
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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
2.02
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Results of Operations and
Financial Conditions
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On March 26, 2009, China Automotive Systems, Inc.,
the “Company”, issued a press release announcing its results for the fourth quarter and fiscal year ended
December 31, 2008. The press release is
attached as Exhibit 99.1 to this report on Form 8-K.
The information in this Current Report
included in this Item 2.02, including the exhibit included herewith, is
furnished pursuant to Item 2.02 and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to
the liabilities of that section.
Following
the filing of the Company’s annual report on Form 10-K for the fourth quarter
and fiscal year ended December 31, 2008 with the Securities and Exchange
Commission on March 26, 2009, the Company, on March 27, 2009 China time,
received a letter from YA Global Investments, L.P., “YA Global”, dated March 26,
2009 via fax, electing to exercise its redemption right and requiring the
Company to redeem in cash, all amounts outstanding under the aggregate $5
million Convertible Notes purchased by YA Global.
The
Company is now seeking legal advice in connection with this matter and will
communicate with YA Global promptly in order to clarify YA Global’s
position.
Item 9.01
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Financial Statements and
Exhibits
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Exhibit No
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Description
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99.1
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Press Release of China Automotive
Systems, Inc., dated March 26,
2009.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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China
Automotive Systems, Inc.
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(Registrant)
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Date: March
27, 2009
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By:
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/s/ Hanlin Chen
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Hanlin
Chen
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Chairman
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