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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a - 16 OR 15d - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December , 2002
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CHINA ENTERPRISES LIMITED
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(Translation of Registrant's Name Into English)
8/F., Paul Y. Centre, 51 Hung To Road, Kwun Tong, Kowloon, 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 of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(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
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CHINA ENTERPRISES LIMITED
PRESS RELEASE
NEW YORK, DECEMBER 11, 2002. China Enterprises Limited announces that on
December 5, 2002 the New York Stock Exchange notified the Company that the NYSE
had affirmed the staff's decision to suspend and delist the Company's common
stock. As a result, the NYSE will commence delisting proceedings and notify the
U.S. Securities and Exchange Commission of its intent to delist the Company's
common stock from trading on the NYSE.
The Company's common stock currently trades on the OTC Bulletin Board under the
stock symbol CSHEF. The Company continues to explore its options with respect to
a public trading market for its common stock.
The Company, formerly known as China Tire e-commerce.com Ltd., is a holding
company for a number of Sino-foreign equity joint venture enterprises and two
other international joint ventures, which manufacture and market tires in China
and other countries abroad. The Company also has a substantial interest in an
investment holding company the subsidiaries of which are principally engaged in
the business of providing package tours, travel, transportation and other
related services.
For more information, please contact:
Hong Kong
China Enterprises Limited
Tel: (852) 2372 0130
Fax: (852) 2810 6982
New York
Citigate Dewe Rogerson Inc.
Tel: (212) 688 6840
Fax: (212) 838 3393
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Except for statements of historical fact, this news release contains
certain forward-looking statements about the Company within the meaning of
the Private Securities Litigation Reform Act. Because such statements are
subject to significant risks and uncertainties, including changes in
economic and market conditions and successful implementation of growth
plans, actual results may differ materially. There are other risks not
listed here that may affect the future business and financial results of
the Company, as well as the forward-looking statements contained herein. To
learn more about such risks and uncertainties, you should consult the risks
noted in the Company's recent SEC filings. All forward-looking statements
contained in this press release speak only as of the date on which they
were made. The Company undertakes no obligation to update such statements
to reflect events that occur or circumstances that exist after the date on
which they were made.
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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 authorised.
CHINA ENTERPRISES LIMITED
By (Sd.) Ho Kin Cheong, Kelvin
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Ho Kin Cheong, Kelvin
Secretary
Dated: 27th December, 2002