<SEC-DOCUMENT>0001062993-14-002473.txt : 20140430
<SEC-HEADER>0001062993-14-002473.hdr.sgml : 20140430
<ACCEPTANCE-DATETIME>20140430164416
ACCESSION NUMBER:		0001062993-14-002473
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140430
ITEM INFORMATION:		Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
FILED AS OF DATE:		20140430
DATE AS OF CHANGE:		20140430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA BAK BATTERY INC
		CENTRAL INDEX KEY:			0001117171
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				880442833
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32898
		FILM NUMBER:		14799576

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, NO. 1 BAK STREET
		STREET 2:		KUICHONG TOWN, LONGGANG DISTRICT
		CITY:			SHENZHEN PEOPLE
		STATE:			F4
		ZIP:			518119
		BUSINESS PHONE:		86-755-8977-0093

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, NO. 1 BAK STREET
		STREET 2:		KUICHONG TOWN, LONGGANG DISTRICT
		CITY:			SHENZHEN PEOPLE
		STATE:			F4
		ZIP:			518119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
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   <TITLE>China BAK Battery, Inc.: Form 8-K - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES </FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR></B><B>WASHINGTON, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT </B></P>
<P align=center><B>PURSUANT TO SECTION 13 OR 15(d) <BR>OF THE SECURITIES
EXCHANGE ACT OF 1934 </B></P>
<P align=center><B>Date of Report (Date of Earliest Event Reported): </B>April
24, 2014 </P>
<P align=center><B><FONT size=5><U>CHINA BAK BATTERY,
INC.<BR></U></FONT></B><I>(Exact name of registrant as specified in its
charter)</I></P>
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  <TR vAlign=top>
    <TD align=center><B>Nevada </B></TD>
    <TD align=center width="33%"><B>001-32898 </B></TD>
    <TD align=center width="33%"><B>86-0442833 </B></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>(State or other jurisdiction </I></TD>
    <TD align=center width="33%"><I>(Commission File No.) </I></TD>
    <TD align=center width="33%"><I>(IRS Employer </I></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>of incorporation) </I></TD>
    <TD align=left width="33%">&nbsp; </TD>
    <TD align=center width="33%"><I>Identification No.)
</I></TD></TR></TABLE>
<P align=center><B>BAK Industrial Park, No. 1 BAK Street <BR>Kuichong Town,
Longgang District <BR>Shenzhen, 518119 <BR>People&#146;s Republic of
China<BR></B><I>(Address, including zip code, of principal executive
offices)</I></P>
<P align=center><B>(86-755) 6188-6818, ext 6856<BR></B><I>(Registrant&#146;s
telephone number, including area code)</I></P>
<P align=center><B>Not applicable<BR></B><I>(Former name or former address, if
changed since last report) </I></P>
<P align=justify>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): </P>
<P>[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) </P>
<P>[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) </P>
<P>[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) </P>
<P>[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) </P>
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<P align=justify><B>ITEM 2.04. ENTRY INTO A MATERIAL DEFINITIVE
AGREEMENT.</B></P>
<P align=justify>As previously disclosed, on December 17, 2013 and January 8,
2014, Shenzhen BAK Battery Co., Ltd. (&#147;Shenzhen BAK&#148;), a wholly-owned subsidiary
of China BAK Battery, Inc. (the &#147;Company&#148;) entered into two loan agreements (the
&#147;Loan Agreements&#148;) with Mr. Jinghui Wang, pursuant to which, Shenzhen BAK
borrowed from Mr. Wang an aggregate of RMB520 million (approximately $85.9
million) (the &#147;Loans&#148;). Pursuant to the Loan Agreements, Shenzhen BAK has the
obligations to repay the principal amount of RMB520 million and any accrued
interest to Mr. Wang by March 31, 2014. To secure the repayment of the Loans,
the Company and the Company&#146;s wholly-owned Hong Kong subsidiary, BAK
International Limited (&#147;BAK International&#148;) separately entered into a corporate
guarantee with Mr. Wang, under which each of the Company and BAK International
irrevocably and unconditionally guaranteed to the lender timely performance by
Shenzhen BAK of all its obligations under the Loan Agreements. In addition, the
Company and BAK International entered into a Share Mortgage with Mr. Wang, under
which, the Company pledged 100% of its equity interest in BAK International to
the lender as security for the performance of Shenzhen BAK&#146;s obligations under
the Loan Agreements (the &#147;Pledged Equity Interests&#148;). If Shenzhen BAK defaults
on its repayment obligation under or in connection with the Loan Agreements, Mr.
Wang, as the pledgee, will be entitled to dispose of the Pledged Equity
Interests.</P>
<P align=justify>On April 24, 2014, the Company received a notice from Mr. Wang
(the &#147;Default Notice&#148;), dated April 10, 2014, that Shenzhen BAK was in default of
the Loans for failure to repay the principal and accrued interest in the total
sum of RMB545,263,440.86 (the &#147;Default Amount&#148;), of which RMB520 million is the
principal and RMB25,263,440.86 is the accrued interest calculated up to March
31, 2014, to Mr. Wang. In the Default Notice, Mr. Wang stated that unless
Shenzhen BAK repays the Default Amount together with any additional accrued interest
up to the date of actual payment, within seven days from the date of the Default
Notice, he would proceed to enforce all his rights under the Pledge Equity
Interests including but not limited to selling or otherwise dispose of the
Pledged Equity Interests and collect and apply the proceeds in or towards
settlement or discharge of the Liabilities (as defined in the Share Mortgage)
without further notice to the Company.</P>
<P align=justify>Prior to receipt of the Default Notice from Mr. Wang, we had
been negotiating with Mr. Wang for a settlement of amounts owed by us under the
Loan Agreements, and following receipt of the Default Notice, we continue to
work with Mr. Wang towards a settlement. We cannot, however, give assurance that
we and Mr. Wang will be able to reach a mutually satisfactory settlement
agreement. If no settlement is reached, Mr. Wang may foreclose on the ownership
of BAK International, which
constitutes a substantial portion of the Company&#146;s assets.</P>
<P align=center>2 </P>
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<P align=center><B>SIGNATURE</B> </P>
<P align=justify>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. </P>
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  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="50%" colSpan=2><B>CHINA BAK BATTERY, INC.</B> </TD></TR>
  <TR>
    <TD align=left  >&nbsp;</TD>
    <TD align=left width="50%"  colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >Date: April 30, 2014 </TD>
    <TD align=left width="3%" >By: </TD>
    <TD align=left width="47%"><U>/s/ Xiangqian Li</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="3%" >&nbsp; </TD>
    <TD align=left width="47%">Xiangqian Li </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="3%" >&nbsp; </TD>
    <TD align=left width="47%">Chief Executive Officer </TD></TR></TABLE>
<P align=center>3 </P>
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