UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K/A
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2014
Commission File Number 000-53776
China
Metro-Rural Holdings Limited
(Translation of registrants name into English)
Suite 2204, 22/F Sun Life Tower,
The Gateway, 15 Canton Road,
Tsimshatsui, Kowloon, Hong Kong
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
¨
Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
¨
No
x
If Yes is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
The information included in the Report on
Form 6-K is incorporated by reference into the registration statements on Form F-3 (File No. 333-171825 and File No. 333-184774).
Introductory Note
This Report on Form 6-K/A is being filed to amend the Report on
Form 6-K
filed on March 21, 2014 to include
Appendix A
to Exhibit 99.2 which sets forth the calculations of the warrant price adjustment described in Exhibit 99.2.
Forward-Looking Statements
This report contains
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are, by their nature, subject to risks and uncertainties. This Act provides a safe harbor for forward-looking statements to
encourage companies to provide prospective information about themselves so long as they identify these statements as forward-looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ
from the projected results. All statements, including statements regarding industry prospects and future results of operations or financial position, made in this press release are forward-looking.
Words such as continue, consider, probably, will, strive and similar expressions
may identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to: the Companys future performance, the Companys expansion efforts, the state of economic conditions, the
Companys market and the governmental policy. These forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future
developments, as well as other factors the Company believes to be appropriate in particular circumstances. However, whether actual results and developments will meet the Companys expectations and predictions depends on a number of known and
unknown risks and uncertainties and other factors, any or all of which could cause actual results, performance or achievements to differ materially from the Companys expectations, whether expressed or implied by such forward-looking
statements.
Issuance of Convertible Bonds
On March 20, 2014, China Metro-Rural Holdings Limited (the
Company
) issued an aggregate amount of US$10,000,000,
10 per cent convertible bonds (the
Bonds
or
CBs
) due 2016 convertible into ordinary shares of US$0.001 each in the capital of the Company (
Ordinary Shares
) in a private placement issued
to a major shareholder (the
Major Shareholder
) pursuant to Section 4(2) under the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder (the CB Transaction). Interest is payable on the principal
amount of the Bonds semi-annually.
All (but not less than all) of the principal amounts of the CBs will be convertible into Ordinary
Shares of the Company at an initial conversion price per Ordinary Share equal to US$1.30. The CBs are convertible during their entire tenure. Based on such initial conversion price, 7,692,307 of the Companys Ordinary Shares are issuable upon
conversion of the CBs, representing approximately 10.46% of the total issued share capital of the Company and approximately 9.47% of the total issued share capital of the Company as enlarged by such issue and assuming no existing convertible bonds
and warrants of the Company are converted and exercised, respectively, and no further issue of shares.
Under the terms of the CBs, the
Major Shareholder has the right to put back the CBs to the Company after 18 months of the date of issue of the CBs at an amount equal to 100 percent of the principal amounts outstanding of the CBs to be repaid with accrued but unpaid interest.
Anti-dilution protection
The CBs will have limited anti-dilution protection, which will include adjustments for consolidation, subdivision or reclassification.
Listing of Shares
The approval for the
listing of the Ordinary Shares underlying the Bonds has been obtained from the NYSE MKT.
Attached hereto and incorporated by reference herein are (A) a press release announcing the closing of the
2014 Bonds, and (B) a notice to the holders of warrants to purchase Ordinary Shares relating to an adjustment of the exercise price of such warrants.
SIGNATURES
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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Date: March 24, 2014
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CHINA METRO-RURAL HOLDINGS LIMITED
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By
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/s/ Sio Kam Seng
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Sio Kam Seng
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Executive Director and Chairman of the Board,
Chief Executive Officer
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EXHIBIT INDEX
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Exhibit
Number
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Description
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99.1
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Press release announcing bond transaction, dated March 20, 2014.
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99.2
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Notice to warrant holders dated March 20, 2014.
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