SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 6)
EURO TECH HOLDINGS COMPANY LIMITED
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
------------------------------------------------------------------------------
(Title of Class of Securities)
G32030101
------------------------------------------------------------------------------
(CUSIP Number)
T.C. Leung, Chairman
Euro Tech Holdings Company Limited
18/F Gee Chang Hong Centre
65 Wong Chuk Hong Road
Hong Kong
------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 5, 2006
------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |_|.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
Page 2 of 10
13d-7(b) for other parties to whom copies are to be sent.
(continued on following pages)
----------
(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
EXPLANATORY NOTE: AS OF THE DATE HEREOF, THE ISSUER HAD ISSUED AND
OUTSTANDING 7,122,359 ORDINARY SHARES (EXCLUSIVE OF 340,651 NON-VOTING
TREASURY SHARES).
Page 3 of 10
CUSIP No. G32030101 SCHEDULE 13D
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
T.C. Leung No Tax ID No. - Not U.S. Citizen
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
------------------------------------------------------------------------------
7 SOLE VOTING POWER
7,855,146
--------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 7,855,146
PERSON
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,855,146
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 70.0%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------
Page 4 of 10
CUSIP No. G32030101 SCHEDULE 13D
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Pearl Venture LTD No Tax ID No. - Non U.S. Entity
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable - See Item 3
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
------------------------------------------------------------------------------
7 SOLE VOTING POWER
2,759,391
--------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 274,582
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,759,391
PERSON
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
274,582
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,033,973
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 42.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
Page 5 of 10
CUSIP No. G32030101 SCHEDULE 13D
------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Regent Earning Ltd. No Tax ID No. - Non U.S. Entity
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable - See Item 3
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) |_|
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 274,582
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
274,582
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,582
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 3.9%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
Page 6 of 10
Item 1. Security and Issuer
This Amendment No. 6 to Schedule 13D amends and supplements the Schedule
13D filed with the Securities and Exchange Commission ("SEC") on August 27,
1999 as amended and supplemented by Amendment Nos. 1, 2, 3, 4 and 5 filed with
the SEC on December 28, 1999, July 24, 2001, May 29, 2003, September 2, 2005
and November 7, 2005, respectively.
The class of securities to which this Schedule 13D relates is the
ordinary shares, par value $.01 per share (the "Ordinary Shares"), of EURO
TECH HOLDINGS COMPANY LIMITED, a British Virgin Islands corporation (the
"Issuer"). The principal executive offices of the Issuer are located at 18/F
Gee Chang Hong Centre, 65 Wong Chuk Hong Road, Hong Kong.
Item 2. Identity and Background
This statement is being filed by a group consisting of T.C. Leung, Pearl
Venture Ltd. ("Pearl") and Regent Earning Ltd. ("Regent") (the "Reporting
Group"). Pearl is a British Virgin Islands corporation which is a trust for
the benefit of Mr. Leung. Regent is a Hong Kong corporation of which Pearl is
the majority shareholder. Mr. Leung is Chairman of the Board and Chief
Executive Officer of the Issuer.
The respective business addresses of the members of the Reporting Group
are as follows:
Name Address
---- -------
T.C. Leung c/o Euro Tech Holdings Company Limited
18/F Gee Change Hong Centre
65 Wong Chuk Hang Road
Hong Kong
Pearl Venture Ltd. Columbus Centre Building
Wickhams Cay
Road Town, Tortola,
British Virgin Islands
Regent Earning Ltd. 20/F, Yue Shing
Commercial Building
15-16 Queen Victoria Street
Central, Hong Kong
During the past five years, no member of the Reporting Group (including
the officers and directors of Pearl and Regent) has been (a) convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), or
(b) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result thereof was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
Page 7 of 10
Mr. Leung is a citizen of Hong Kong. Pearl is a British Virgin Islands
corporation. Regent is a Hong Kong corporation.
Item 3. Source and Amount of Funds or Other Consideration
At the time of filing of Amendment No. 5 to this Schedule 13D ("AM 5"),
Mr. Leung directly owned 726,678 Ordinary Shares of the Issuer. Since the
filing of AM 5, Mr. Leung sold 101,905 of the Issuer's Ordinary Shares at
prices ranging from $3.09 to 4.83. These sales, when coupled with the
Reporting Event (described below), resulting in Mr. Leung directly owning
724,773 Ordinary Shares of the Issuer. Mr. Leung possesses options to
purchase the number of Issuer's ordinary shares as indicated pursuant to the
following plans and at the prices indicated opposite the plan names:
Exercise Price
Plans Number of Shares (US$)
----- ---------------- ------------
Management Options 2,457,000 1.6789
866,600 1.221
2000 and 2002 Officers' (a) 567,000 0.5857
and Directors' Plans
(b) 205,800 0.8191
-----------
4,096,400
The Issuer's 2000 and 2002 Officers and Directors Plans both contain
"cashless" exercise provisions permitting the optionholder to pay for the
exercise of his option by surrendering Ordinary Shares valued at the fair
market value of such shares on the date of exercise, provided that such shares
were held by the optionholder for not less than six months prior to the date
of exercise of the option.
Mr. Leung has exercised 100,000 options exercisable at $1.221 per share
granted to him pursuant to the Management Option Plan of the Issuer by the
payment in cash for an aggregate exercise price of $122,100.00. As a
consequence, Mr. Leung's ownership changed by with the Issuer, issuing to him
100,000 new shares (the "Reporting Event"). The shares owned directly by Mr.
Leung changed from 726,678 shares to 724,773 shares. His options decreased by
100,000 from 4,196,400 options to 4,096,400 options.
Item 4. Purpose of Transactions
Investment purposes.
Page 8 of 10
Item 5. Interest in Securities of the Issuer
As of the date hereof, the aggregate number of shares held of record by
all members of the Reporting Group is 7,855,146 or approximately 70.0% of the
Issuer's issued and outstanding Ordinary Shares.
Mr. Leung possesses sole voting and dispositive power as to 724,773 of
the Issuer's Ordinary Shares owned by him and as to the options to purchase
4,096,400 of the Issuer's Ordinary Shares.
Regent and Pearl share voting and dispositive power as to the Ordinary
Shares owned of record by Regent (274,582 shares or 3.9% of the Issuer's
Ordinary Shares). When Pearl's record ownership (2,759,391 shares) is
aggregated with its beneficial ownership in the shares held in the name of
Regent, Pearl beneficially owns 3,033,973 shares or 42.6% of Issuer's Ordinary
Shares.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
Agreement among the Reporting Group to file a single Statement on
Schedule 13D on behalf of each of them.
Page 9 of 10
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
accurate.
Dated: January 5, 2006 /s/T.C. Leung
----------------------------
T.C. Leung
PEARL VENTURE LTD.
Dated: January 5, 2006 By:/s/Yeung Kai-Tai
---------------------------
Name: Yeung Kai-Tai
Title: Director
REGENT EARNING LTD.
Dated: January 5, 2006 By:/s/Wong Sing Yue, Eddy
-------------------------------
Name: Wong Shing Yue, Eddy
Title: Director
Page 10 of 10
EXHIBIT
The undersigned hereby agree as follows:
WHEREAS, the undersigned may be obligated to file Statements on Schedule
13D with the United States Securities and Exchange Commission (the "SEC") to
report their beneficial ownership of the Ordinary Shares of Euro Tech Holdings
Company Limited;
NOW, THEREFORE, the undersigned hereby agree that a single Statement on
Schedule 13D is to be filed with the SEC on behalf of each of them.
Dated: January 5, 2006 /s/T.C. Leung
------------------------
T.C. Leung
PEARL VENTURE LTD.
Dated: January 5, 2006 By: /s/Yeung Kai-Tai
-------------------------
Name: Yeung Kai-Tai
Title: Director
REGENT EARNING LTD.
Dated: January 5, 2006 By: /s/Wong Shing Yue, Eddy
----------------------------
Name: Wong Shing Yue, Eddy
Title: Director