Form 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of December, 2000
Euro Tech Holdings Company Limited
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(Translation of registrant's name into English)
18/F Gee Chang Hong Centre, 65 Wong Chuk Hang Road, Hong Kong
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(Address of Principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If "Yes" is marked, indicate below the file number assigned
to the registrant in connection with Rule 12G3-2(b):82-
Euro Tech Holdings Company Limited
Form 6-K
Page 2 of 2
Item 5. Other Events
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On December 6, 2000, Euro Tech Holdings Company Limited (the
"Registrant") issued a press release announcing its Board of Directors had
authorized a stock buyback program. The press release is attached as an
exhibit and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits
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Exhibit - Press Release dated December 6, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
EURO TECH HOLDINGS COMPANY LIMITED
(Registrant)
Dated: December 6, 2000 By: /s/ T.C. Leung
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T.C. Leung, Chief Executive
Officer and Chairman of the Board
Exhibit - EuroTech - 6K - December 2000
Euro Tech Holdings Announces Stock Buyback
HONG KONG, December 6,/PRNewswire/--Euro Tech Holdings Company
Limited (Nasdaq: CLWT: CLWTW) ("Euro Tech") today announced that
its Board of Directors has approved a program to repurchase up
to 125,000 shares of its issued and outstanding stock by
December 31, 2001. This gives Euro Tech the ability to purchase
the stock in the open market or through negotiated or block
transactions from time to time based on market and business
conditions over the next 12 months. "The Board has a high degree
of confidence in Euro Tech's future and believes that this
expectation is not reflected in the current stock price which is
also much lower than our net asset value on a per share basis,"
stated T.C. Leung, Chairman and CEO of Euro Tech. "Purchasing
our shares allows us to demonstrate this confidence and we
believe it is an appropriate investment of Euro Tech's excess
cash. We believe that we will have cash on hand after the
repurchase for our day-to-day business operations and planned
projects."
Certain statements in this news release regarding Euro
Tech's expectations, estimates, present view of circumstances or
events, and statements containing words such as estimates,
anticipates, intends, or expects, or words of similar import,
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
statements indicate uncertainty and Euro Tech can give no
assurance with regard to actual outcomes. Specific risk factors
may include, without limitation, having Euro Tech's offices and
operations situated in Hong Kong and China, doing business in
China, competing with Chinese manufactured products, competing
with Euro Tech's own suppliers, dependence on vendors, and lack
of long term written agreements with suppliers and customers,
development of new products, entering new markets, possible
downturns in business conditions, increased competition, loss of
significant customers, availability of qualified personnel and
the timely deployment of resources.
/CONTACT: T.C. Leung, Chairman and CEO, or Jerry Wong, CFO,
+852-2814-0311, or fax, +852-2873-4887, both of Euro Tech
Holdings/