SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________
 
FORM 8-K / A
___________
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): April 1 2011

KEYUAN PETROCHEMICALS, INC.
 (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
 
Nevada
 
  333-124837
 
 45-0538522
(STATE OR OTHER JURISDICTION OF
INCORPORATION OR ORGANIZATION)
 
(COMMISSION FILE NO.)
 
(IRS EMPLOYEE IDENTIFICATION NO.)


Qingshi Industrial Park
Ningbo Economic & Technological Development Zone
Ningbo, Zhejiang Province
P.R. China 315803
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
 
(86) 574-8623-2955
 (ISSUER TELEPHONE NUMBER)
 
Silver Pearl Enterprises, Inc.
1541 E. Interstate 30
Rockwall, Texas 75087
 (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
 
––––––––––––––––
Copies to:
 
Hunter, Taubman, Weiss
17 State Street, Floor 20
 New York, NY 10004
Tel: 212-732-7184
––––––––––––––––

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 ( see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
EXPLANATORY NOTE
 
This Amendment to Form 8-K is being filed to remove the disclosure under “Item 4.02 Non-reliance on Previously Issued Financial Statements or a Related Audit Report or Competed Interim Review” included in the Current Report on Form 8-K filed on April 1, 2011 because the described events in the referenced Form  8-K do not meet the tests of Item 4.02.  Therefore, the described events are to be disclosed under “Item 8.01  Other Event” in this Amendment in response  to the comments  provided by the U.S. Securities and Exchange Commission (the “SEC”) on April 8, 2011.

 
Item 7.01 Regulation FD Disclosure.

On April 1, 2011, we issued a press release announcing the matters disclosed herein. A copy of the press release containing such announcement is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

 
Item 8.01 Other Events

During the preparation of our Annual Report on Form 10-K for the year ending December 31, 2010, our independent auditor raised certain issues, primarily relating to unexplained issues regarding certain cash transactions and recorded sales.  Our independent auditors brought these issues to the attention of our Audit Committee on or about March 24 , 2011, discussed the matters with the Audit Committee and suggested that the Audit Committee conduct an independent investigation. On March 3 1 , 2010, our Audit Committee elected to commence such an investigation of the issues raised and in such connection engaged the services of independent counsel, Pillsbury Winthrop Shaw Pittman LLP, which in turn is engaging the services of an independent accounting firm. Our Audit Committee also decided that we should disclose that, depending on the outcome of the investigation, our company might need to make adjustments to certain items in our previously filed financial statements. However, at this time, the investigation has just commenced and no conclusions have been reached by the Audit Committee.

 
Item 9.01. Financial Statements and Exhibits.
 
(d)           Exhibits:

No.
Description
   
99.1
Press Release
 
 
 
 
 
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 hereunto duly authorized.


  Keyuan Petrochemicals, Inc.  
       
 
By:
/s/  Chunfeng Tao  
  Name: Chunfeng Tao  
  Title: Chief Executive Officer  
  Dated: April 15, 2011  

 
Keyuan Petrochemicals, Inc. (MM) (NASDAQ:KEYP)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Keyuan Petrochemicals, Inc. (MM) Charts.
Keyuan Petrochemicals, Inc. (MM) (NASDAQ:KEYP)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Keyuan Petrochemicals, Inc. (MM) Charts.