NASDAQ, CLWT - Euro Tech Holdings
The Company was organized under the laws of the British Virgin Islands on
September 30, 1996 for the purposes of raising capital and for acquiring all the
outstanding capital stock of Euro Tech (Far East) Limited, a Hong Kong
corporation (?Far East?). The Company successfully completed a public offering
(?Public Offering?) receiving net proceeds of approximately US$1,817,000, in
March 1997. Contemporaneously, the Company acquired all the issued and
outstanding capital stock of Far East and it became a wholly-owned subsidiary
and was the primary operational entity of the Company.
Far East was established in 1971 under the name of Eurotherm (Far East) Limited,
to market and distribute its ex-parent?s industrial control equipment in Hong
Kong and Southeast Asia, and expanded its activities into the PRC in 1973. ...
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