Form 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of April, 2001
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 April 27, 2001, Euro Tech Holdings Company Limited (the
"Registrant") issued a press release updating its prior press release
(March 19, 2001) with regards:
- the status of its efforts to acquire a minority equity
interest in a private Shanghai based engineering firm;
- The opening of a "pilot" shop to sell products directly to
customers in Shanghai;
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 April 27, 2001.
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: April 27, 2001 By: /s/ T.C. Leung
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T.C. Leung, Chief Executive
Officer and Chairman of the Board
Exhibit - Euro Tech 6K April, 2001
Euro Tech Holdings -Update: Announcing Opening of "Pilot" Shop in
Shanghai and Extension of Time to Complete
Equity Investment in Shanghai Engineering Firm.
HONG KONG, April 27, 2001/PRNewswire/--Euro Tech Holdings Company
Limited (Nasdaq: CLWT: CLWTW: ("Euro Tech"). On March 19, 2001 we
announced that it had entered into a non-binding letter of intent to
acquire a 30% equity interest in Pact Asia Pacific Ltd. and Yixing
Pact Environmental Technology Company, Ltd. ("Pact") for approximately
U.S.$290,000, subject to final negotiations. Pact is a privately owned
engineering firm situated in Shanghai that is believed by Euro Tech to
specialize in the design, manufacture and operation of water and waste
water treatment plants in several industries situated in China. Euro
Tech believes that Pact's business is complementary to Euro Tech's as
Euro Tech continues to focus on sales and marketing of products of
others. Also, Euro Tech anticipates that if it is able to secure an
equity stake in Pact, its ability to become a supplier to Pact will be
enhanced. The acquisition of an equity stake in Pact is subject to the
negotiation of a definitive agreement, Euro Tech's due diligence
investigation of Pact, its finances, operations and certain legal
requirements, was to be originally accomplished by April 23, 2001 has
been extended to May 31, 2001. There can be no assurance that Euro
Tech will successfully complete such acquisition, it will perform as
anticipated, will not result in significant unexpected liabilities or
will ever contribute significant revenues or profits to Euro Tech or
that Euro Tech will not lose its entire investment.
On April 20, 2001 Euro Tech officially opened a "pilot" shop in
Shanghai to sell inventoried water and other electronics testing
equipment to potential customers. Euro Tech's "pilot" shop is located
at 185 Beijing Road (East) in Shanghai. If the Shanghai "pilot" shop
proves commercially feasible, Euro Tech intends to open a second shop
in Beijing in the last quarter of this year and intends to explore
having independent third parties, not otherwise affiliated with Euro
Tech, establish similar shops in other cities in China. In view of
China's impending WTO accession, the "pilot" shop and possible shops
to be opened by independent third parties represent a new marketing
tool to be used by Euro Tech. There can be no assurance that the
"pilot" shop will prove to be commercially viable, that Euro Tech will
not sustain losses in connection with the founding costs of opening
and running the "pilot" shop, hiring personnel and similar expenses.
There can be no assurance that similar shops will be established by
independent third parties, that any such third party shop will be come
commercially viable, or result in any significant revenues or profits
to Euro Tech.
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. Euro Tech would like to caution readers regarding
certain forward-looking statements in this document and in all of its
communications to shareholders and others, press releases, securities
filings, and all other communications. 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
Exhibit - Pg. 1
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,
negotiating definitive agreements, new marketing efforts and the
timely deployment of resources. Please see the "Risk Factors" in Euro
Tech's filings (including Forms 20-F) with the Securities and Exchange
Commission for a description of some, but not all, risks,
uncertainties and contingencies.
/CONTACT: T.C. Leung, Chairman and CEO, or Jerry Wong, CFO, +852-2814-
0311, or fax +825-2873-4887, both of Euro Tech Holdings/
Exhibit - Pg. 2