Item
2.01 Completion of Acquisition or Disposition of Assets.
On
November 15, 2007, the Registrant completed the acquisition of 10,500,000
shares, or one hundred percent (100%), of the issued and outstanding common
stock of People’s Motor International Company, Limited, a company organized
under the laws of the British Virgin Islands (the “Company”) pursuant to a Stock
Purchase Agreement (the “Agreement”) by and among the Registrant, the Company
and its shareholders dated November 15, 2007. We purchased 100% of the common
stock of the Company from the Shareholders for an aggregate purchase price
equal
to 4,000,000 shares of our common stock, with 2,400,000 shares being delivered
on the Closing Date (as such term is defined in the Agreement), and 1,400,000
shares being delivered on the 180th day following
the
Closing Date.
Item
9.01 Financial Statements and
Exhibits
a)
Financial Statements
None
b)
Exhibits
|
1.1
|
Stock
Purchase Agreement
|
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.
|
|
|
|
|
|
TANK
SPORTS, INC.
|
|
|
|
|
|
|
Date: November
19, 2007
|
By:
|
/s/ Jing
Jing Long
|
|
|
Jing
Jing Long
|
|
|
|
Title:
Principal Executive Officer
|
|