SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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. 9)
EURO TECH HOLDINGS COMPANY LIMITED
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
G32030101
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(CUSIP Number)
T.C. Leung, Chairman
Euro Tech Holdings Company Limited
18/F Gee Chang Hong Centre
65 Wong Chuk Hong Road
Hong Kong
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 19, 2007
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(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)
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(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 9,034,541 ORDINARY SHARES (EXCLUSIVE OF
340,651 NON-VOTING TREASURY SHARES).
Page 3 of 10
CUSIP No. G32030101 SCHEDULE 13D
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
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7 SOLE VOTING POWER
6,795,380
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NUMBER OF 8 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 6,795,380
PERSON
WITH -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,795,380
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 60.1%
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14 TYPE OF REPORTING PERSON
IN
Page 4 of 10
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CUSIP No. G32030101 SCHEDULE 13D
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
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3 SEC USE ONLY
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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) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
1,866,298
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NUMBER OF 8 SHARED VOTING POWER
SHARES 289,082
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,866,298
PERSON
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
289,082
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,155,380
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 23.9%
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14 TYPE OF REPORTING PERSON
CO
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Page 5 of 10
CUSIP No. G32030101 SCHEDULE 13D
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Not Applicable - See Item 3
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
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7 SOLE VOTING POWER
0
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NUMBER OF 8 SHARED VOTING POWER
SHARES 289,082
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
289,082
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
289,082
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 3.2%
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14 TYPE OF REPORTING PERSON
CO
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Page 6 of 10
Item 1. Security and Issuer
This Amendment No. 9 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 through 8 filed with the SEC at various times
through April 7, 2006.
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. Unit B, 15/F C.M.A. Building,
64 Connaught Road Central
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. 8 to this Schedule
13D ("AM 8"), Mr. Leung directly owned 1,563,400 Ordinary Shares
of the Issuer. After the Reporting Event (described below), Mr.
Leung directly owns 2,373,000 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 1,700,000 1.6789
2002 Officers' 567,000 0.5857
and Directors' Plans --------------
2,267,000
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 650,000 options exercisable at
$1.6789 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 $1,091,285. Mr. Leung has also exercised
205,800 options exercisable at $0.8191 per share granted to him
pursuant to the 2000 Officers and Directors Plan of the Issuer by
the payment of $264.58 in cash and the surrender of 36,700
Ordinary Shares owned by him valued at $4.586 per share (or
$168,306.20), for an aggregate exercise price of $168,570.78. As
a consequence, Mr. Leung's ownership changed by cancelling 36,700
shares, but with the Issuer, issuing to him 650,000 new shares
and 205,800 new shares, for a net increase of 819,100 shares
(the "Reporting Event"). The shares owned directly by Mr. Leung
changed from 1,563,400 shares to 2,373,000 shares. His options
decreased by 855,800 from 3,122,800 options to 2,267,000 options.
At the time of filing of Amendment No. 8 to this Schedule
13D ("AM 8"), Pearl directly owned 2,261,863 Ordinary Shares of
the Issuer. Since the filing of AM 8, Pearl sold 395,565 of the
Issuer's Ordinary Shares at prices ranging from $2.25 to $4.52.
After these sales, Pearl directly owns 1,866,298 Ordinary Shares
of the Issuer.
Page 8 of 10
At the time of filing of Amendment No. 8 to this Schedule
13D ("AM 8"), Regent directly owned 274,582 Ordinary Shares of
the Issuer. Since the filing of AM 8, Regent bought 14,500 of
the Issuer's Ordinary Shares at prices ranging from $2.33 to
$2.70. After these purchases, Regent directly owns 289,082
Ordinary Shares of the Issuer.
Item 4. Purpose of Transactions
Investment purposes.
Item 5. Interest in Securities of the Issuer
As of the date hereof, the aggregate number of shares
beneficially held by all members of the Reporting Group is
6,795,380 or approximately 60.1% of the Issuer's Ordinary Shares
after giving effect to the exercise of options held by the
members of the Reporting Group.
Mr. Leung possesses sole voting and dispositive power as to
2,373,000 of the Issuer's Ordinary Shares owned by him and as to
the options to purchase 2,267,000 of the Issuer's Ordinary
Shares.
Regent and Pearl share voting and dispositive power as to
the Ordinary Shares owned of record by Regent (289,082 shares or
3.2% of the Issuer's Ordinary Shares). When Pearl's record
ownership (1,866,298 shares) is aggregated with its beneficial
ownership in the shares held in the name of Regent, Pearl
beneficially owns 2,155,380 shares or 23.9% 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 22, 2007 /s/T.C. Leung
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Name: T.C. Leung
PEARL VENTURE LTD.
Dated: January 22, 2007 By:/s/Au Mei Yi
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Name: Directcorp Limited.
Title: Director
REGENT EARNING LTD.
Dated: January 22, 2007 By: /s/Wong Shuet Yung
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Name: Wong Shuet Yung
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 22, 2007 /s/T.C. Leung
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Name: T.C. Leung
PEARL VENTURE LTD.
Dated: January 22, 2007 By: /s/Au Mei Yi
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Name: Directcorp Limited
Title: Director
REGENT EARNING LTD.
Dated: January 22, 2007 By: /s/Wong Shuet Yung
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Name: Wong Shuet Yung
Title: Director