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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of DECEMBER 1, 2000
DF CHINA TECHNOLOGY, INC.
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(Registrant's name)
8th Floor, North Wing, Kwai Shun Industrial Centre
51-63 Container Port Road, Kwai Chung
New Territories, Hong Kong, China
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(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.]
Form 20-F X Form 40-F
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[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 X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):82-_________]
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The following sets forth a press release issued on December 1, 2000, by
DF China Technology, Inc.
Contact: Mr. Ken Mak
Dransfield Holdings Limited
Tel: (852) 2789-5725
Fax: (852) 2390-4745
FOR IMMEDIATE RELEASE
DF CHINA TECHNOLOGY ACQUIRES STAKE IN 3D IMAGING COMPANY
(Hong Kong, December 1, 2000) - DF China Technology Inc. (DFCT) has
completed the acquisition of a 21% interest in Tianjin 3D Image Technique Co
Ltd., a leading developer of 3D imaging technology. DFCT has acquired the stake
in Tianjin 3D for a consideration of 1.6 million DFCT shares.
A related agreement gives DFCT exclusive worldwide marketing rights to
imaging products of Tianjin 3D, which include hardware for showing 3D video
programs and the programs themselves. Tianjin 3D products and services are
developed under the guidance of Prof. Li Chang, the leading scientist in 3-D
imaging technology in China, who holds numerous patents in imaging technology.
They are marketed through Tianjin 3D's marketing arm, called ChangsVision, which
is a DFCT subsidiary.
ChangsVision currently markets set-top-boxes, 3D spectacles and 3D
video programs to mini cinemas in mainland China. Other planned sources of
revenue include the production of corporate videos (to begin before year-end),
advertising and e-commerce services available via interactive set-top-box
technology, and, eventually, the development of entertainment and educational
programming.
DFCT first entered the high-tech arena in early 2000 when it joined
efforts with Tianjin 3D to develop a prototype set-top-box and software package
featuring 3-D imagery for DFCT's business-to-business e-commerce platform. The
company will shortly launch the first 3D web-site in order to demonstrate the
exciting 3D effect.
The investment in Tianjin 3D Image Technology Ltd. provides a second
stream of revenue for DFCT. The company's primary revenue source is the
production and sale of hygienic paper products, including away-from-home
products such as jumbo roll tissue and hand towel rolls. Mini cinemas signing
contracts for 3D technology offer a cross-marketing opportunity for such DFCT
paper products.
DF China Technology, Inc. (DFCT) is a Nasdaq-listed, Hong Kong-based
company engaged in multiple business ventures with Dransfield Holdings Limited,
a Hong Kong-based investment holding company (HKSE code: 632) with interests in
paper and related personal products; logistical services; and food and beverage.
Dransfield Holdings is also a major shareholder of DF China Technology Inc.
-End-
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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.
DF CHINA TECHNOLOGY, INC.
By: /s/ Thomas J. Kenan
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Thomas J. Kenan, Director
Date: December 1, 2000
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