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. 8)
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)
April 7, 2006
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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 13d-7(b) for other parties to whom copies are to be sent.
(continued on following pages)
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Page 2 of 10
(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 8,198,649 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
7,222,645
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NUMBER OF 8 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 7,222,645
PERSON
WITH -------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,222,645
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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 63.8%
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14 TYPE OF REPORTING PERSON
IN
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Page 4 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)
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
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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
British Virgin Islands
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7 SOLE VOTING POWER
2,261,863
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NUMBER OF 8 SHARED VOTING POWER
SHARES 274,582
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,261,863
PERSON
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
274,582
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,536,445
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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 30.9%
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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 274,582
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
274,582
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,582
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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 3.3%
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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. 8 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, 5, 6 and 7 filed with the SEC on
December 28, 1999, July 24, 2001, May 29, 2003, September 2,
2005, November 7, 2005, January 5, 2006, and February 10, 2006,
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. 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. 7 to this Schedule
13D ("AM 7"), Mr. Leung directly owned 1,039,800 Ordinary Shares
of the Issuer. After the Reporting Event (described below), Mr.
Leung directly owns 1,563,400 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 2,350,000 1.6789
2000 and 2002 Officers' (a) 567,000 0.5857
and Directors' Plans
(b) 205,800 0.8191
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3,122,800
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 416,600 options exercisable at
$1.221 per share and 107,000 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 $688,310.90. As a consequence, Mr. Leung's ownership changed
by with the Issuer, issuing to him 523,600 new shares (the
"Reporting Event"). The shares owned directly by Mr. Leung
changed from 1,039,800 shares to 1,563,400 shares. His options
decreased by 523,600 from 3,646,400 options to 3,122,800 options.
At the time of filing of Amendment No. 7 to this Schedule
13D ("AM 7"), Pearl directly owned 2,566,697 Ordinary Shares of
the Issuer. Since the filing of AM 7, Pearl sold 304,834 of the
Issuer's Ordinary Shares at prices ranging from $3.36 to 3.83.
After these sales, Pearl directly owns 2,261,863 Ordinary Shares
of the Issuer.
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
beneficially held by all members of the Reporting Group is
7,222,645 or approximately 63.8% 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
1,563,400 of the Issuer's Ordinary Shares owned by him and as to
the options to purchase 3,122,800 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
3.3% of the Issuer's Ordinary Shares). When Pearl's record
ownership (2,261,863 shares) is aggregated with its beneficial
ownership in the shares held in the name of Regent, Pearl
beneficially owns 2,536,445 shares or 30.9% 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: April 20, 2006 /s/T.C. Leung
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T.C. Leung
For and on behalf of PEARL VENTURE LTD.
DIRECTCORP. LIMITED
Dated: April 20, 2006 By: /s/Brenda Monk
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Directcorp Limited.
Title: Director
REGENT EARNING LTD.
Dated: April 20, 2006 By: /s/Wong Shing Yue, Eddy
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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: April 20, 2006 /s/T.C. Leung
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T.C. Leung
For and on behalf of PEARL VENTURE LTD.
DIRECTCORP LIMITED
Dated: April 20, 2006 By: /s/Brenda Monk
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Directcorp Limited
Title: Director
REGENT EARNING LTD.
Dated: April 20, 2006 By:/s/Wong Shing Yue, Eddy
---------------------------------
Name: Wong Shing Yue, Eddy
Title: Director