FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 000-30674
ASIACONTENT.COM, LTD. (In liquidation)
(Translation of registrant's name into English)
18/F MLC TOWER
248 QUEEN'S ROAD EAST
WAN CHAI, HONG KONG
(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 if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): |_|
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): |_|
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
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 |_|
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Exhibit Index
Exhibit Description of Exhibit Page
- ------- ---------------------- ----
1. Press Release 6
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Press Release
The Registrant issued a press release dated March 4, 2003 announcing it had
entered into an agreement with DoubleClick International Internet Advertising
Limited to terminate the parties' joint ventures. The press release is attached
as Exhibit 1 and incorporated herein by reference.
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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 authorized.
Dated: March 4, 2003
ASIACONTENT.COM, LTD (In liquidation)
-------------------------------------
(Registrant)
By: /s/ BDO International
-------------------------
BDO International
Liquidator
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Exhibit 1
Asiacontent.com Announces Termination of Joint Ventures
Hong Kong/New York, March 4, 2003 - Asiacontent.com, Ltd. (OTC BB: IASIF.OB)
(the "Company") today announced that it had reached agreement with DoubleClick
International Internet Advertising Limited, its joint venture partner, to
terminate the parties' two joint ventures, DoubleClick Media Asia Limited and
DoubleClick Korea (BVI) Ltd. The joint ventures have provided internet
advertising solutions to online advertisers and web publishers since 1999.
DoubleClick International Internet Advertising Limited is a subsidiary of
DoubleClick Inc.
Pursuant to the agreement between the Company and DoubleClick International
Internet Advertising Limited, the joint venture operating companies will enter
voluntary liquidation in their respective jurisdictions of incorporation.
After the closing of the transaction between the Company and DoubleClick
International Internet Advertising Limited, BDO International, the Company's
liquidator, expects to deliver a progress report to shareholders concerning the
status of the liquidation.
As previously announced, the Company commenced voluntary winding up and
liquidation on July 10, 2002.
- --------------------------------------------------------------------------------
This release contains forward-looking statements with respect to the Company's
joint ventures with DoubleClick International Internet Advertising, Limited and
the Company's liquidation and dissolution. Factors that may cause actual results
to differ materially from these forward-looking statements include the
following: a failure to complete the termination of the joint ventures with
DoubleClick International Internet Advertising Limited, amounts to be realized
in connection with the sale of the Company's assets, the ability of the Company
to effect an orderly wind down of its operations, the possible delay in
implementation or termination of the Company's or the joint venture entities'
plans of liquidation and dissolution, the timing and amount of payments to
members, the effect of litigation in which the Company is involved and unknown
liabilities which may be asserted in connection with the liquidation. Please
refer to the Company's Annual Report on Form 20-F for the fiscal year ended
December 31, 2001 and the Company's other filings with the SEC from time to
time, for a description of certain additional factors which may cause results to
differ materially from those indicated by these forward-looking statements.
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