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): August 21, 2008 ASPEN RACING STABLES, INC. (Exact name of registrant as specified in its charter) Nevada 333-141384 98-0517550 - ------ ------------ ---------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 243 Cranfield Green SE, Calgary, Alberta T3M 1C4 ------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (403)370-1176 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 1.01. Entry Into a Material Definitive Agreement. ------------------------------------------- On August 21, 2008 (effective August 15, 2008) Registrant entered into a Stock Purchase Agreement with KUN RUN Biotechnology LTD., a Hong Kong corporation and its principal shareholder, pursuant to which Registrant will acquire all of the outstanding capital stock of KUN RUN in exchange for 24,250,000 newly issued shares of Registrant's common stock, of which 1,000,000 shares will be placed into escrow pending the results of KUN RUN for the year ending December 31, 2008. KUN RUN is the 99.12% parent corporation of Hainan Zhonghe Pharmaceuticals Co., Ltd., which produces pharmaceutical products in Hainan, People's Republic of China. Closing will occur upon satisfaction of the conditions set forth in the Agreement. Item 9.01. Financial Exhibits, Pro Forma Financial Information and Exhibits. ----------------------------------------------------------------- Exhibit 2.1 - Stock Purchase Agreement. SIGNATURES Pursuant to the requirement 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. ASPEN RACING STABLES, INC. By: /s/ Trixy Sasyniuk-Walt. ------------------------------ Trixy Sasyniuk-Walt, President Dated: August 22, 2008 2