Blueprint
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of March, 2018
Euro Tech Holdings Company Limited
(Translation of Registrant’s name into English)
Unit D, 18/F Gee Chang Hong Centre, 65 Wong Chuk Hang Road, 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.
Form20-F ☑·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):
☐
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):
☐
1.01 Entry into a Material Definitive Agreement.
On
March 5, 2018, Euro Tech Holdings Company Limited (the
“Company”) entered into an Equity Transfer Agreement
(the “Agreement”) with Ms. Jin Lijuan (the
“Purchaser”) to sell its 20% equity stake of Zhejiang
Jiahuan Electronics Co., Ltd. (“Jia Huan”) for a
purchase price of RMB$31,312,500. The Purchaser is the wife of the
holder of the remaining 80% equity stake of Jia Huan.
The
completion of the transaction is subject to completion of all
closing formalities, including the need to obtain approval and
registration with the relevant governmental authorities. The date
upon which the required approval and registration is obtained is
referred to as the “Closing Date.” The purchase price
is required to be paid by the Purchaser within 15 days of the
Closing Date. The Purchaser was required to pay an RMB$1,000,000 to
the Company within two days of the signing the
Agreement.
Purchaser’s
husband, Mr. Hanke Xing, owns the remaining 80% equity stake of Jia
Huan. Mr. Xing will pledge 20% of such stake as security for
Purchaser’s performance of her payment obligation, and Mr.
Xing will enter into a separate Equity Pledge Contract with the
Company and apply for registration of the equity pledge with Jinhua
Municipal Bureau of Market Supervision and Administration. If the
Purchaser fails to perform her obligations as agreed herein, the
Company shall have priority in receiving payment in accordance with
laws by way of disposition, auction or sale of such pledged
equities.
Mr.
Xing and the Jia Huan shall be jointly and severally liable for
guaranteeing the Purchaser’s performance of her payment
obligation hereunder, and Mr. Xing and the Jia Huan will issue a
separate letter of commitment to the Company to undertake such
joint and several guarantee liability.
9.01 Financial Statements and
Exhibits.
(d)
Exhibits.
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Equity
Transfer Agreement
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Press Release, dated March 28, 2018 issued
by Euro Tech Holdings Company Limited.
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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.
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EURO
TECH HOLDINGS COMPANY LIMITED
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April
2, 2018
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By:
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/s/
Jerry Wong
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Jerry
Wong
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Chief
Financial Officer
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