SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) - April 16, 2004
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TELECOM COMMUNICATIONS, INC.
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(Exact name of registrant as specified in its charter)
Indiana 333-62236 35-2089848
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
74 Shanan Road Panyu, Guangzhou, GD 511490, China
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code - (8620) 8487 9179
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N/A
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(Former Name or Former Address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 16, 2004, Telecom Communications, Inc., an Indiana
corporation ("Registrant"), through Arran Services Limited ("Arran"), a limited
liability company incorporated in the British Virgin Islands and wholly-owned
subsidiary, sold its 60% beneficial share ownership in Panyu No. 6 Construction
Company Limited ("Panyu") to a related party, Aries Vision Technology Limited
("Aries"), a limited liability company incorporated in the British Virgin
Islands. The Sale and Purchase Agreement, dated April 16, 2004 between Arran and
Aries, is attached hereto as an exhibit.
The purchase price was $2,580,390. $2,095,128 of the purchase price
was made payable to Mr. Fred Chiyuan Deng, the CEO of the Registrant, for the
repayment of a loan previously made to Arran for the investment in the shares of
Panyu. The remaining $485,262, was paid to Arran.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) Financial Statement of Business to Be Acquired
N/A
(b) Exhibits
10.1 Sale and Purchase Agreement, between Arran and Aries,
dated as of April 16, 2004.
(c) Pro Forma Financial Information
The pro forma financial information to be filed pursuant to
7(b) of Form 8-K is attached hereto as Exhibit 99.1.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TELECOM COMMUNICATIONS, INC.
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(Registrant)
Dated: June 14, 2004 By: /s/ Fred Chiyuan Deng, Chairman
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President and CEO (Principal
Executive Officer)
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