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
December 5, 2016 (December 5, 2016)
Date of Report (Date of earliest event reported)
VALUE EXCHANGE INTERNATIONAL, INC.
(formerly, “SINO PAYMENTS, INC.”)
(Exact name of Registrant as specified in its charter)
|
Nevada |
000-53537 |
26-3767331 |
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
of Incorporation) |
|
Identification Number) |
7/F., DartonTower
142 WaiYip Street, Kwun Tong
Kowloon, Hong Kong
(Address of principal executive offices) (Zip Code)
(852) 2950 4288
(Registrant’s telephone number, including area code)
Copy of all Communications to:
Paul W. Richter, Esq.
PW Richter, plc
3901 Dominion Townes Circle
Richmond, Virginia 23223
Telephone: (804) 644-2182
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:
. 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 CFR 240.14a-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 240.13e-4(c))
1
Item 8.01 Other Matters
Effective December 5, 2016, the Common Stock of Value Exchange International, Inc., a Nevada corporation, (formerly known as “Sino Payments, Inc.”) started quotation on The OTC Markets Group, Inc. QB Tier under the trading symbol “VEII.”
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
NUMBER EXHIBIT
DESCRIPTION
99.1
December 5, 2016 Press Release issued by Value Exchange International, Inc. regarding Quotation of Value Exchange International, Inc. Common Stock on OTC QB
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 hereunto duly authorized.
Date: December 5, 2016
SINO Payments, Inc.
/s/ Kenneth Tan
By: Kenneth Tan
Title: Chief Executive Officer
2
EXHIBIT INDEX
NUMBER EXHIBIT
DESCRIPTION
99.1
December 5, 2016 Press Release issued by Value Exchange International, Inc. regarding Quotation of Value Exchange International, Inc. Common Stock on OTC QB
3
Exhibit 99.1
PRESS RELEASE
December 5, 2016
FOR IMMEDIATE RELEASE
VALUE EXCHANGE INTERNATIONAL, INC.
COMMON STOCK COMMENCES QUOTATION ON
THE OTC MARKETS GROUP, INC. QB TIER
HONG KONG (Dec. 5, 2016) Value Exchange International, Inc. (“VEI”) (OTCQB: VEII)(formerly, “Sino Payments, Inc.”) announced today that the common shares of VEI commenced trading on The OTC Markets Group, Inc. QB Tier (venture market) under the symbol "VEII," effective at the market open on December 5, 2016.
The OTC Markets Group Inc., located in New York, New York, operates the world's largest electronic interdealer quotation system for broker-dealers to trade over 10,000 securities not listed on any other United States stock exchange. It is organized into three tiers varying but not limited to level of disclosure and share price: OTCQX, OTCQB and Pink Sheets.
Kenneth Tan, VEI Chief Executive Officer, said: "By trading on the OTCQB, we have enhanced the trading flexibility and accessibility of all our current and future shareholders with respect to our common stock.”
About VEI: VEI is a leading provider of customer-centric solutions for the retail industry in Asia. By integrating market-leading Point-of-Sale/Point-of-Interaction (POS/POI), Merchandising, CRM & Reward, Locational Based (GPS & Indoor Positioning System (IPS)) Marketing, Customer Analytics, Business Intelligence solutions, VEI provides retailers with the capability to offer a consistent shopping experience across all channels, enabling them to easily and effectively manage the customer lifecycle on a one-to-one basis. VEI is a single source for retailers who wanted to extend existing traditional transaction processing to multiple points of interaction, including the Internet, kiosks and wireless devices. VEI’s products and services are focused on helping retailers realize the full benefits of Customer Chain Management with its suite of solutions that focus on the customer, on employees, and the infrastructure that supports the selling channel. VEI’s retail solutions are installed in over 30%-40% retailers in Hong Kong and Philippines, processing tens of millions of transactions a year. VEI is headquartered in Hong Kong and with offices in Shenzhen, Guangzhou, Shanghai, Beijing, Manila and Kuala Lumpur.
CONTACT:
Channing AU
Chief Financial Officer
VALUE EXCHANGE INTERNATIONAL, INC.
Address: 7/F., Darton Tower, 142 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong SAR
Email: ir@sinopayments.com
Telephone: (852) 2950 4288