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): February 8,
2010
SINOCOKING
COAL AND COKE
CHEMICAL
INDUSTRIES, INC.
(Exact
name of Company as specified in charter)
Florida 000-28179 59-3404233
(State or other jurisdiction of
incorporation) (Commission
File
Number)
(IRS Employer Identification Number)
Kuanggong
Road and Tiyu Road 10th Floor,
Chengshi
Xin Yong She, Tiyu Road, Xinhua District,
Pingdingshan,
Henan Province, China 467000
(Address
of principal executive offices)
+86-3752882999
(Company’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the Company under any of the following
provisions (see General Instruction A.2 below).
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b)).
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13(e)-4(c))
Item
3.01 Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing.
On
February 5, 2010, SinoCoking Coal and Coke Chemical Industries, Inc., previously
named “Ableauctions.com, Inc.” (the “Company” or “SinoCoking”),
consummated an acquisition pursuant to a Share Exchange Agreement (“Exchange Agreement”)
with the Company’s majority shareholders, Abdul and Hanifa Ladha (“Ladha”), Top Favour
Limited, a British Virgin Islands corporation (“Top Favour”), and the
shareholders of Top Favour, consisting of 12 individuals and 5 entities, who
collectively hold 100% of Top Favour’s issued and outstanding share capital (the
“Top Favour
Shareholders”). Under the Exchange Agreement, the Top Favour
Shareholders exchanged their shares of Top Favour capital stock for newly-issued
shares of the Company. Hereinafter, this share exchange transaction
is described as the “Acquisition.”
Reference
is made to the Company’s current reports on Form 8-K filed with the Securities
and Exchange Commission on February 8, 2010, discussing the above Acquisition
and the related share exchange, change in control, change in management,
1-for-20 reverse stock split, name change, and liquidation of
the pre-Acquisition assets, which reports are incorporated by
reference.
As
contemplated in connection with the Acquisition, on February 8, 2010 the NYSE
American Stock Exchange filed a notification of delisting of the Company’s
pre-Acquisition common stock from the NYSE American Stock Exchange, on Form 25
pursuant to Rule 12d2-2(a)(3) promulgated under the Securities Exchange Act of
1934.
On
February 8, 2010, our common stock commenced quotation on the Over-the-Counter
Bulletin Board under the new stock symbol “SCOK”. Previously,
the Company’s pre-Acquisition common stock was traded on the NYSE Amex under the
symbol “AAC.”
Item
9.01 Financial
Statements and Exhibits
On
February 9, 2010 the Company published a press release regarding the closing of
its private placement financing on February 5, 2010, a copy of which is included
as Exhibit 99.1 to this current report on Form 8-K.
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Exhibit
Number
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Description
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99.1
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Press
Release - dated February 9,
2010
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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.
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SINOCOKING
COAL AND COKE
CHEMICAL
INDUSTRIES, INC.
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Date:February
9, 2010
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By:
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/s/ Jianhua
Lv |
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Jianhua
Lv, Chief Executive Officer |
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