Todays 13 D filing;
Form SC 13D for TECH ELECTRO INDUSTRIES INC/TX filed on Mar 11 1998
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Tech Electro Industries, Inc.
----------------------------
(Name of Issuer)
COMMON STOCK
----------------------------
(Title of Class of Securities)
0008782401
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(CUSIP Number)
Robert E. Braun, Esq.
c/o Jeffer, Mangels, Butler & Marmaro,
2121 Avenue of the Stars, 10th Floor,
Los Angeles, California 90067 (310) 203-8080
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 4, 1998
-----------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box.
Check the following box if a fee is being paid with the statement
[ X ]. (A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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 ("Act") 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).
SEC 1746 (12-91)
SCHEDULE 13-D
CUSIP No. 000 878-24-01 Page 2 of 7 Pages
___________________________________________________________________________
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person):
WILLIAM KIM WAH TAN
___________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
N/A (b) [ ]
___________________________________________________________________________
(3) SEC Use Only
___________________________________________________________________________
(4) Source of Funds*
Not applicable
___________________________________________________________________________
(5) Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e):
N/A
___________________________________________________________________________
(6) Citizenship or Place of Organization:
Malaysia
___________________________________________________________________________
Number of Shares (7) Sole Voting Power: 275,000 Shares of Common
Beneficially Owned Stock (see response to
by Each Reporting item 5(a))
Person With:
(8) Shared Voting Power: 190,000
(9) Sole Dispositive Power: 275,000 Shares of Common
Stock (see response to
item 5(a))
(10) Shared Dispositive Power: 190,000
___________________________________________________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person:
465,000 Shares of Common Stock (see response to Item 5(a))
___________________________________________________________________________
(12) Check box if the Aggregate Amount in Row (11) Excludes Certain Shares*
___________________________________________________________________________
(13) Percent of Class Represented by Amount in Row (11):
11.58% (see response to Item 5(a))
___________________________________________________________________________
(14) Type of Reporting Person*
IND
___________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 000 878-24-01 Page 3 of 7 Pages
Item 1. Security and Issuer.
Securities:
-----------
Common Stock, no par value ("Common Stock")
Options to acquire Common Stock ("Options")
Units, each consisting of one share of Common Stock and
one share of Series A Preferred Stock
Issuer: Tech Electro Industries, Inc.
4300 Wiley Post Road
Dallas, TX 75244-2131
Item 2. Identity and Background.
Information as to the Reporting Person
--------------------------------------
Name: William Kim Wah Tan
Address: c/o Wisma Stephens #12-08
Jalan Raja Chulan
50200 Kuala Lumpur, Malaysia
Principal Business: Investor
(a) The reporting person has not, during the last five
years, been convicted in a criminal proceeding.
(b) The reporting person has not, during the last five
years, been a party to a civil proceeding of a
judicial or administrative body of competent
jurisdiction as a result of which it 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.
Information as to Directors, Officers and Controlling Persons
-------------------------------------------------------------
Not applicable.
CUSIP No. 000 878-24-01 Page 4 of 7 Pages
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Person received 175,000 shares of Common Stock
and options to acquire 100,000 shares of Common Stock as
consideration for services rendered and expenses incurred as
President, Secretary and Chief Financial Officer of Issuer.
The remaining securities represent securities obtained by
Placement & Acceptance, Inc., a British Virgin Islands
corporation of which the Reporting Person is a director,
officer and equity-holder and which has previously reported
ownership on Schedule 13D.
Item 4. Purpose of Transaction.
The Reporting Person will examine opportunities for the Issuer
to attract additional personnel, engage in acquisition or
other transactions, depending in all cases on the result of
the Reporting Person's analysis of the business and operations
of the Issuer, and has no specific plans to influence the
operations of the Issuer.
Item 5. Interest in Securities of Issuer.
(a) The Reporting Person directly holds 175,000 shares
of Common Stock and options to acquire 100,000
shares of Common Stock. In addition the Reporting
person, through his affiliation with Placement and
Acceptance, Inc., holds 75,000 shares of common
stock and options to acquire 100,000 shares of
common stock, and 5,000 Units, each consisting of
one share of Common Stock and one share of Series
A Preferred Stock. Based on public filings of the
Issuer, the Reporting person believes this sum
represents 11.58% of the Common Stock of the
Issuer outstanding as of March 1, 31, 1998.
In conformance with Section 13(d) under the
Securities Exchange Act of 1934, as amended, and Rule
13d promulgated thereunder, the Reporting Person has
reported all its ownership interest based on both
shares of Common Stock directly owned by the
Reporting Person and shares of Common Stock
underlying securities which are exercisable or
convertible within 60 days of the date of this
Schedule.
(b) The Reporting Person has sole voting and
investment power over the Common Stock and options
held directly by the Reporting Person, and shared
CUSIP No. 000 878-24-01 Page 5 of 7 Pages
voting and investment power over the Options and
Units held by the Reporting Person.
(c) All transactions in the securities of the Issuer
during the past sixty days other than those reported
herein are reported in Exhibit A hereto.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
The Reporting Person is a director and officer of the Issuer.
There is no agreement or understanding as to the compensation
or tenure of the Reporting Person in those capacities.
Item 7. Material to be Filed as Exhibits.
Exhibit A - Transactions in the shares of the Issuer
within sixty days prior to filing
Schedule 13D
CUSIP No. 000 878-24-01 Page 6 of 7 Pages
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
March 4, 1998 /s/ WILLIAM KIM WAH TAN
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Date William Kim Wah Tan |
