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


















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