SEC 1815
(11-2002)
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of March, 2003
Commission File Number 000-50184
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Yantai Daihua Holdings Company Limited
(Translation of registrant's name into English)
East of Muping, Yantai, Shandong, People's Republic of China
(Address of principal executive offices)
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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 by furnishing the information contained in this
Form, the registrant 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- ________.
YANTAI DAHUA HOLDINGS COMPANY LIMITED
CHANGED TRADING SYMBOL TO YDHCF
Yantai, China - March 31, 2003 - Yantai Dahua Holdings Company Limited (formerly
Equity Finance Holdings Corporation) announced the change in its trading symbol
to YDHCF with effect from March 28, 2003. Pursuant to an exchange agreement of
January 10, 2003, the former Equity Finance Holdings Corporation acquired the
100% interest in Australia China Investments Ltd., which is engaged in paper
manufacturing through its subsidiary in China, and resulted in the taking over
of the Company's control by the existing management.
"To reflect on the change of our business nature, we have changed the Company's
name to Yantai Dahua Holdings Company Limited and our trading symbol is changed
to YDHCF." said Mr. Yuxiang Tang, Chairman of the Company.
"As for our business operation, we are optimistic we can achieve a satisfactory
growth. For the nine months ended September 30, 2002, Australia China
Investments Ltd., our wholly-owned subsidiary, recorded a pro-forma consolidated
revenue of approximately US$ 8.9 million and a pro-forma consolidated net income
after tax and minority interest of approximately US$ 549,000; whereas for fiscal
year 2001, the pro-forma consolidated revenue recorded was approximately US$
11.3 million and the pro-forma consolidated net profit after tax and minority
interest was approximately US$ 153,000. The improved results really come from
our efforts to rationalize our production." Mr. Tang continued.
As part of the corporate restructuring, Australia China Investments Ltd. was
established to acquire an 85% interest in Yantai Dahua Paper Industry Co. Ltd.,
which is a Sino-Foreign joint venture company engaging in paper manufacturing in
China, on October 1, 2002.
ABOUT YANTAI DAHUA HOLDINGS CO. LTD.
Yantai Dahua Holdings Co. Ltd. is engaged in, through its subsidiaries, the
manufacturing and sales of paper principally for printing and writing in China.
It is a leading paper manufacturer in Shandong, China and employs a total of
1,180 staff. The Company's marketing teams distribute its products through six
sales offices in different parts of China to cater for its clientele of over 210
well-established publishing houses, printing companies and other state-owned
material supplies companies. Under the leadership of its experienced management,
the Company expects to expand its production capacity to meet the anticipated
increase in the demand for paper and that such increased demand is projected to
result in growth in the Company's revenues and net income.
Source : Yantai Dahua Holdings Company Limited
Contact : Mr. K.M. Wong
Stanford Capital International Limited
Tel : (852) 2598 0281
Email: km@stock-update.com
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FORWARD-LOOKING STATEMENTS.
This release contains certain forward-looking statements concerning recent and
future economic performance and the plans and objectives of management for
future operations. These forward-looking statements can be identified by the
use of such words as "project," "expect" and "anticipate," and variations of
such words. Actual results might differ materially from such projections,
expectations and anticipations, due to general economic conditions, supply and
demand for paper, labor conditions, the availability of requisite financing and
other factors.
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.
YANTAI DAHUA HOLDINGS COMPANY LIMITED
By:___________________________
Tang Yuxiang, Chairman and Chief Executive Officer
Date: April 1, 2003