FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 12/17/2003 |
3. Issuer Name and Ticker or Trading Symbol
CHINA CABLE & COMMUNICATION INC [ CCCI.OB ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 48,835,776 | I | see F1(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Kingston Global Co. Ltd. ("Kingston"), a company organized under the laws of the British Virgin Islands and a wholly owned subsidiary of China Covergent Corporation ("CCCL") beneficially owns 48,835,776 shares of the Issuer's common stock. Prior to December 17, 2003, Best Fortune Capital Limited ("BFCL") owned 1,858,713,540 shares, or approximately 50% of CCCL's outstanding common stock. Da-Xiang Zhang owns 100% of the capital stock of BFCL and, therefore, could have been deemed to beneficially own the shares of the Issuer's common stock owned by Kingston. Pursuant to an agreement dated December 17, 2003, BFCL agreed to transfer 1,693,103,784 shares of CCCL or approximately 45.5% of the outstanding shares of CCCL, to Faithful Union Limited ("FUL"). Mr. Hong-Tao Li owns 100% of the capital stock of FUL. As a result of this transaction, Mr. Li may deemed to beneficially own the 48,835,776 shares of the Issuer's common stock owned by Kingston. |
Remarks: |
*** As Attorney in Fact |
/s/ Yau-Sing Tang*** | 03/30/2004 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |