Blueprint
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of February 2019
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 whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes
☐
No ☑
If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule
12G3-2(b):
Item 8.01 Other Events
On
February 16, 2019, Zhejiang Tianlan
Environmental Protection Technology Co. Ltd. (“Blue
Sky”), a company incorporated in the Peoples Republic of
China in which our wholly owned subsidiary, Euro Tech (Far East)
Limited, a Hong Kong corporation, owns a 19.4% equity
interest, became aware that one of its major customers had filed
for bankruptcy liquidation in the Datong Intermediate
People's Court of Shanxi Province, China. As the customer
represented approximately 22% of Blue Sky’s receivables for
the year ended December 31, 2018, the bankruptcy is expected to
have a significant impact on Blue Sky’s
performance.
Blue Sky provides a comprehensive service for design, general
contract, equipment manufacturing, installation, testing and
operation management of the treatment of waste gases emitted from
various boilers and industrial furnaces of power plants, steel
works and chemical plants since 2000.
The
Company’s total cost of investment in Blue Sky is
US$5,540,000. As of December 31, 2017
and 2016, our interest in Blue Sky, which is recorded as interest
in affiliates, represented approximately US$8.6 million and US$8.0
million of our total assets, respectively. Further, for the years
ended December 31, 2017 and 2016, we recognized income from Blue
Sky, which is recorded as equity in income of affiliates, of
US$712,000 and US$689,000, respectively.
The
final impact of the bankruptcy of Blue Sky’s customer on Blue
Sky’s and/or the Company’s performance or results of
operations cannot be presently determined.
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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February
25, 2019
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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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