-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Vju9c5rR7vpjaC8ipQw+yeeu01qYW/VGGMcPoPSYbGLZjv6/P/UWJtoqrG4z6dO/ fGQE2sJFPT3DFRBHFCQGgg== 0000943440-03-000306.txt : 20030529 0000943440-03-000306.hdr.sgml : 20030529 20030529135719 ACCESSION NUMBER: 0000943440-03-000306 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030529 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEUNG T C CENTRAL INDEX KEY: 0001092232 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: EURO TECH HOLDINGS CO LTD STREET 2: 18F GEE CHANG HONG CTR 65 WONG CHUK HONG CITY: HONG KONG MAIL ADDRESS: STREET 1: EURO TECH HOLDINGS CO LTD STREET 2: 18F GEE CHANG HONG CTR 65 WONG CHUK HONG CITY: HONG KONG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EURO TECH HOLDINGS CO LTD CENTRAL INDEX KEY: 0001026662 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES [5040] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56715 FILM NUMBER: 03723121 BUSINESS ADDRESS: STREET 1: C/O EURO TECH (FAR EAST) LTD 18 F GEE STREET 2: CHANG HONG CENTRE 65 WONG CHUK HANG ROAD CITY: HONG KONG STATE: K3 ZIP: 00000 BUSINESS PHONE: 0118522814 MAIL ADDRESS: STREET 1: BRITISH VIRGIN ISLANDS LTD STREET 2: TRUSTNET CHAMBERS PO BOX 3444 CITY: ROAD TOWN TORROLA BR STATE: D8 ZIP: 00000 SC 13D/A 1 wong13d-a3.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 3) EURO TECH HOLDINGS COMPANY LIMITED - ---------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - ---------------------------------------------------------------------------- (Title of Class of Securities) G32030101 - ---------------------------------------------------------------------------- (CUSIP Number) T.C. Leung, Chairman Euro Tech Holdings Company Limited 18/F Gee Chang Hong Centre 65 Wong Chuk Hong Road Hong Kong - ---------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 8, 2003 - ---------------------------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ] Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (continued on following pages) ---------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). EXPLANATORY NOTE: AS OF THE DATE HEREOF, THE ISSUER HAD ISSUED AND OUTSTANDING 3,064,151 ORDINARY SHARES (EXCLUSIVE OF NON-VOTING TREASURY SHARES). CUSIP No. G32030101 SCHEDULE 13D PAGE 3 OF 9 - ---------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) T.C. Leung No Tax ID No. - Not U.S. Citizen - ---------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - ---------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - ---------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_] - ---------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong - ---------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,443,867 ----------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 0 BENEFICIALLY OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 2,443,867 PERSON WITH ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ---------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,900,831 - ---------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ---------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 73.9% - ---------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ---------------------------------------------------------------------------- CUSIP No. G32030101 SCHEDULE 13D PAGE 4 OF 9 - ---------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Pearl Venture LTD No Tax ID No. - Non U.S. Entity - ---------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - ---------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable - See Item 3 - ---------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_] - ---------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ---------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,320,950 ------------------------------------------------------ NUMBER OF 8 SHARED VOTING POWER SHARES 147,420 BENEFICIALLY OWNED BY ------------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,320,950 PERSON WITH ------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 147,420 - ---------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,468,370 - ---------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ---------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 47.9% - ---------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ---------------------------------------------------------------------------- CUSIP No. G32030101 SCHEDULE 13D PAGE 5 OF 9 - ---------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Regent Earning Ltd. No Tax ID No. - Non U.S. Entity - ---------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - ---------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------- 4 SOURCE OF FUNDS Not Applicable - See Item 3 - ---------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_] - ---------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong - ---------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES 147,420 BENEFICIALLY OWNED BY ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------- 10 SHARED DISPOSITIVE POWER 147,420 - ---------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 147,420 - ---------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ---------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 4.8% - ---------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ---------------------------------------------------------------------------- Page 6 of 9 Item 1. Security and Issuer This Amendment No. 3 to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission ("SEC") on August 27, 1999 as amended and supplemented by Amendment Nos. 1 and 2 filed with the SEC on December 28, 1999 and July 24, 2001, respectively. The class of securities to which this Schedule 13D relates is the ordinary shares, par value $.01 per share (the "Ordinary Shares"), of EURO TECH HOLDINGS COMPANY LIMITED, a British Virgin Islands corporation (the "Issuer"). The principal executive offices of the Issuer are located at 18/F Gee Chang Hong Centre, 65 Wong Chuk Hong Road, Hong Kong. Item 2. Identity and Background This statement is being filed by a group consisting of T.C. Leung, Pearl Venture Ltd. ("Pearl") and Regent Earning Ltd. ("Regent") (the "Reporting Group"). Pearl is a British Virgin Islands corporation which is a trust for the benefit of Mr. Leung. Regent is a Hong Kong corporation of which Pearl is the majority shareholder. The respective business addresses of the members of the Reporting Group are as follows: Name Address ---- ------- T.C. Leung c/o Euro Tech Holdings Company Limited 18/F Gee Change Hong Centre 65 Wong Chuk Hang Road Hong Kong Pearl Venture Ltd. Columbus Centre Building Wickhams Cay Road Town, Tortola, British Virgin Islands Regent Earning Ltd. 20/F, Yue Shing Commercial Building 15-16 Queen Victoria Street Central, Hong Kong Mr. Leung is Chairman of the Board and Chief Executive Officer of the Issuer. During the past five years, no member of the Reporting Group (including the officers and directors of Pearl and Regent) has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result thereof was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities Page 7 of 9 subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. Leung is a citizen of Hong Kong. Pearl is a British Virgin Islands corporation. Regent is a Hong Kong corporation. Item 3. Source and Amount of Funds or Other Consideration Upon the closing of Issuer's initial public offering in March 1997, Issuer issued 2,184,000 of its Ordinary Shares for 1,000,000 shares of the Common Stock of Euro Tech (Far East) Ltd. ("Far East"), which constituted all of the capital stock of Far East. The business operations of Far East then and now constitute the principal operations of the Issuer. Pearl and Regent owned 266,000 and 734,000 shares of Far East's capital stock, respectively, and received, of record, proportionate numbers of the Issuer's Ordinary Shares. Following the Issuer's initial public offering, Mr. Leung received options to purchase 1,170,000 of the Issuer's Ordinary Shares, exercisable at $2.5641 (546,000) and $3.5256 (1,170,000) per share. Those options are fully exercisable. On or about February 18, 2001 and July 22, 2002, additional options to purchase 143,000 and 98,000 Ordinary Shares, respectively, of the Issuer also became exercisable. These options were granted pursuant to the Issuer's 2000 Officers' and Directors' Plan. On or about May 8, 2003, options to purchase an additional 270,000 Ordinary Shares of the Issuer became exercisable by Mr. Leung. The additional 270,000 options had been granted under the Issuer's 2002 Officers' and Directors' Stock Option and Incentive Plan. Mr. Leung has also made open market purchases of the Issuer's Ordinary Shares, purchasing an aggregate of 216,867 shares for an aggregate consideration of approximately $303,613. Mr. Leung used personal funds to make these purchases. Item 4. Purpose of Transactions Investment purposes. Item 5. Interest in Securities of the Issuer At May 1, 2003, the aggregate number of shares held of record by members of the Reporting Group was 1,685,237 or approximately 55.0% of the Issuer's issued and outstanding Ordinary Shares. Giving effect to options owned by Mr. Leung to purchase 2,227,000 of the Issuer's Ordinary Shares, the foregoing numbers of shares and percentage increases to 3,912,237 and 73.9%, respectively. Mr. Leung possesses sole voting and dispositive power as to the 216,867 shares of the Issuer's Ordinary Shares purchased in the open market by him and possesses sole dispositive power as to the options to purchase 2,227,000 shares of the Issuer's Ordinary Shares. Regent and Pearl shared voting and dispositive power as to the Ordinary Shares owned of record by Regent (147,420 shares or 4.8% of the Issuer's Ordinary Shares) and Pearl possesses sole voting and dispositive power of the 1,320,950 Ordinary Shares owned of record by it. When Pearl's record ownership is aggregated with its beneficial ownership in the shares held in the name of Regent, Pearl beneficially owns 1,468,370 shares or 47.9% of Issuer's Ordinary Shares. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None. Item 7. Material to be Filed as Exhibits Agreement among the Reporting Group to file a single Statement on Schedule 13D on behalf of each of them. Page 8 of 9 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and accurate. Dated: May 27, 2003 /s/T.C. Leung ------------------------------- T.C. Leung PEARL VENTURE LTD. Dated: May 27, 2003 By: /s/Yeung Kai-Tai ---------------------------- Name: Yeung Kai-Tai Title: Director REGENT EARNING LTD. Dated: May 27, 2003 By: /s/Wong Shing Yue, Eddy ----------------------------- Name: Wong Shing Yue, Eddy Title: Director Page 9 of 9 EXHIBIT The undersigned hereby agree as follows: WHEREAS, the undersigned may be obligated to file Statements on Schedule 13D with the United States Securities and Exchange Commission (the "SEC") to report their beneficial ownership of the Ordinary Shares of Euro Tech Holdings Company Limited; NOW, THEREFORE, the undersigned hereby agree that a single Statement on Schedule 13D is to be filed with the SEC on behalf of each of them. Dated: May 27, 2003 /s/T.C. Leung ------------------------------- T.C. Leung PEARL VENTURE LTD. Dated: May 27, 2003 By: /s/Yeung Kai-Tai ---------------------------- Name: Yeung Kai-Tai Title: Director REGENT EARNING LTD. Dated: May 27, 2003 By: /s/Wong Shing Yue, Eddy ----------------------------- Name: Wong Shing Yue, Eddy Title: Director -----END PRIVACY-ENHANCED MESSAGE-----