Unassociated Document
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

Date of report (Date of earliest event reported): September 29, 2008

WUHAN GENERAL GROUP (CHINA), INC.
 
(Exact Name of Registrant as Specified in Charter)

Nevada
(State or Other Jurisdiction
of Incorporation)
001-34125
(Commission
File Number)
84-1092589
(IRS Employer
Identification No.)

Canglongdao Science Park of Wuhan East Lake Hi-Tech Development Zone
Wuhan, Hubei 430200
People’s Republic of China
(Address of Principal Executive Offices, including Zip Code)

Registrant’s telephone number, including area code: (86) 27-5970-0069


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):

 
¨
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))
 
 
Item 3.02.
Unregistered Sales of Equity Securities.
 
On September 29, 2008, Wuhan General Group (China), Inc. (the “Company”) raised approximately $11.8 million in gross proceeds from the exercise of a portion of the Company’s Series J warrants. The warrant holders exercised the Series J warrants for 5,006,524 shares of the Company’s Series B Convertible Preferred Stock, par value $0.0001 per share, which is convertible on a one-to-one basis for the Company’s common stock, par value $0.0001 per share. The Company paid approximately $1.18 million in commissions in connection with these warrant exercises. The Series B Convertible Preferred Stock was issued in a private placement transaction that was exempt from registration under Section 4(2) of the Securities Act of 1933, as amended.
 
Series J warrants exercisable for 4,291,846 shares of Series B Convertible Preferred Stock remain outstanding. The Series J warrants have an exercise price of $2.33 and expire on November 7, 2008.
 
A copy of the related press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01.
Financial Statements and Exhibits.

(d)
Exhibits

Exhibit 99.1
Press Release, dated September 29, 2008.
 
 
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.
 
     
 
Wuhan General Group (China), Inc.

Date: October 1, 2008
 
 		  
 		  
 
  By:    /s/ Haiming Liu
 
Name:  Haiming Liu
Title: Chief Financial Officer
 
 
EXHIBIT INDEX
Form 8-K
October 1, 2008
 
   
Filed
Exhibit
No.
Description
Herewith
By
Reference
99.1
Press Release, dated September 29, 2008.
X