UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
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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 4, 2007
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CHINA DIRECT, INC.
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(Exact name of registrant as specified in its charter)
Florida 0-26415 13-3876100
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5301 North Federal Highway, Suite 120, Boca Raton, Florida 33487
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(Address of principal executive offices) (Zip Code
Registrant's telephone number, including area code (561) 989-9171
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(Former name or former address, if changed since last report)
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 7.01 REGULATION FD DISCLOSURE
On September 4, 2007, China Direct, Inc. issued a press release
regarding its Letter of Intent agreement with Chengfeng Zinc Processing Plant to
form a joint venture, Huayuan Chengfeng CDI Zinc Industry Co., Ltd. ("CDI
Zinc"). China Direct's ownership will be through its wholly owned subsidiary,
CDI Shanghai Management Co., Ltd., a Chinese limited liability company, which
will own 51% of the new joint venture. CDI Zinc is expected to have a production
capacity of 2000 tons of Zinc Sulphide per year. The proposed transaction, which
is subject to due diligence, an audit by a PCAOB approved auditor, Chinese
regulatory approval, and definitive investment terms, is expected to close in
the fourth quarter of 2007. The press release regarding this transaction is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
On September 5, 2007, China Direct, Inc. issued a press release
regarding its Letter of Intent agreement with Shanxi Jinyang Metal Chemical Co.,
Ltd. to form a new joint venture CDI Pan Magnesium Co., Ltd. China Direct's
ownership will be through its wholly owned subsidiary, CDI Shanghai Management
Co., Ltd., a Chinese limited liability company which will own 51% of the new
joint venture. CDI Pan Magnesium Co., Ltd. will initially have a production
capacity of 6,000 tons of magnesium per year. The proposed transaction, which is
subject to due diligence, an audit by a PCAOB approved auditor, Chinese
regulatory approval, and definitive investment terms, is expected to close in
the fourth quarter of 2007. The press release regarding this transaction is
attached hereto as Exhibit 99.2 and incorporated herein by reference.
The information contained in the press releases attached hereto are
being furnished and shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liability of that Section, and shall not be incorporated by
reference into any registration statement or other document filed under the
Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 Press Release dated September 4, 2007
99.2 Press Release dated September 5, 2007
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.
Date: September 6, 2007
CHINA DIRECT, INC.
By: /s/ David Stein
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David Stein
Chief Operation Officer