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Securities & Exchange Commission
Washington, D.C. 20549

Form 8-K>/A

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Date of report: June 3, 1997

Lotus Pacific, Inc.

Exact name of registrant as specified in its charter)
Delaware>                 		33-3272-W               52-1947160
State of Organization	 Commission File Number    Employer ID Number

200 Centennial Avenue, Suite 201, Piscataway, New Jersey 08854
Address of Principal Executive Office
(908) 885-1750
Registrant's Telephone Number, Including Area Code

Item 1. Change in Control of Registrant

Effective as of May 30, 1997, the registrant elected Jeremy Wang as a
director to the board.  Jeremy Wang, 42, is a director of Evenew
International Ltd.  In the past ten years, he worked at AT&T Bell
Laboratories and Merck & Co. designing hardware and sotware system. 
He held various responsibilities in system engineering, development and
product management in the telecommunications industry.  Jeremy Wang
graduated from University of Virginia majoring Chemical Engineering with
an MS and from New Jersey Institute of Technology majoring computer science
with an MS. 

Item 2. Acquisition of Assets.

Effective as of June 3, 1997,  Regent Electronics Corp. (hereinafter
"Regent"), a wholly owned subsidiary of the registrant,  entered into a
Purchase Agreement with Rightiming Electronics Corp., a New Jersey based
high-tech company, to acquire certain technology related assets and rights
for an aggregate consideration of US $5,000,000 (five million US dollars)
and 8,000,000 (eight million) shares of Common Stock of Regent Electronics
Corp. 

The acquired assets include all Commodore-Amiga's patents, licenses,
trademarks, and copyrights to be registered and used in China, Taiwan,
Hong Kong, Macao and the bordering countries between China and the former
Soviet Union, and a series of multimedia electronic products including
Wonder TV A-6000, Wonder TV A-6030 and Work Station A-5800.  These multimedia
electronic products feature an all-in-one box system, combining functions
of a multimedia personal computer, a facsimile capability, a Karaoke machine
an Internet box, a CD player, a VCD player and an electronic game machine.
Patents for these multimedia related products are pending in China.

The acquisition decision, by the management of the registrant, is to
purchase a product similar to Web-TV and market it in China and other Asian
countries.

Funds used to make this acquisition are provided by Lotus Pacific, Inc. These
funds were recently raised  in private placement transactions by Lotus
Pacific, Inc.

As of June 3, 1997, Regent Electronics Corp. has 26,000,000 shares of
common stock outstanding , of which 18,000,000 shares are owned by Lotus
Pacific, Inc. and the other 8,000,000 shares are issued to Rightiming
Electronics Corp. as a result of this acquisition.

All matters referred to were approved by the written consent of a majority
in interest of the holders of the Corporation's outstanding shares of
common stock.

Item 6.  Resignation of Directors

Effective as of May 30, 1997,  Cheng Wang resigned from the board of
directors for personal reasons.  

Item 7.  Financial Statements, Pro Forma Financial Information and
Exhibits

(a)  Financial statements of business acquired.  None.

(b)  Pro forma financial statement.  None.

(c)  Exhibit.  The following exhibit, Letter to Shareholders dated June 3,
1997, relating to the acquisition of Rightiming's certain assets and rights,
are filed herewith.

Lotus Pacific, Inc.

200 Centennial Avenue, Suite 201
Piscataway, New Jersey 08854
(908) 885-1750

June 3, 1997

LETTER TO SHAREHOLDERS

Dear Shareholders:

We are pleased to announce that as of June 3, 1997,  Regent Electronics
Corp., a wholly owned subsidiary of the Company, completed the acquisition
of certain technology related assets and rights which were previously owned
by Rightiming Electronics Corp. for an aggregate consideration of
US $5,000,000 (five million US dollars) plus 8,000,000 (eight million)
shares of common stock of Regent Electronics Corp.

The acquired assets include all Commodore-Amiga's patents, licenses,
trademarks, and copyrights, and a series of multimedia electronic products
including Wonder TV A-6000, Wonder TV A-6030 and Work Station A-5800.
These multimedia electronic products feature an all-in-one box system,
combining functions of a multimedia personal computer, a facsimile
capability, a Karaoke machine, an Internet box, a CD player, a VCD player
and an electronic game machine.

The acquisition decision, by the management of the registrant, is to
purchase a product similar to Web-TV and market it in China and other Asian
countries.

All matters referred to herein have been approved by the written consent of
a majority of holders of the Corporation's outstanding shares of common stock. 

We appreciate your continuing support and interest, and we believe that this
positive step is in the right direction for the Corporation and its
shareholders.

Sincerely,

Lotus Pacific, Inc.
James Yao

SIGNATURE

Pursuant to the requirements of the Securities & Exchange Act of 1934,
the registrant has duly caused this report to be signed by the undersigned
hereunto duly authorized.

Lotus Pacific, Inc.

Dated:	June 3, 1997					By: __/s/___________________

              		      			     James Yao,  President