[DESCRIPTION]SCHEDULE 13G
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
NU ENERGY INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
67019C 10 1
(CUSIP Number)
December 31, 2000 Year end Report
(Date of Event Which Requires Filing of this Statement)
Aaron Tsai
c/o MAS Financial Corp.
17 N. Governor St.
Evansville, Indiana 47711
(812) 479-7266
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[x] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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 the 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).
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CUSIP No.: 67019C 10 1
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1 NAME OF REPORTING PERSON
MAS Capital Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
31-1678027
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana
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5 SOLE VOTING POWER
950,000
NUMBER OF SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 950,000
WITH --------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
950,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.88%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No.: 67019C 10 1
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1 NAME OF REPORTING PERSON
Aaron Tsai
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
950,000
NUMBER OF SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 950,000
WITH --------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
950,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.88%
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12 TYPE OF REPORTING PERSON
IN
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Item 1.
(a) Name of Issuer: Nu Energy Inc.
(b) Address of Issuer's Principal Executive Offices:
9 Sandpiper Court
Fairview, Queensland
Australia 4870
Item 2.
(a) Name of Person Filing: MAS Capital Inc. and Aaron Tsai
(MAS Capital Inc. is controlled by Aaron Tsai and all shares
are owned by MAS Capital Inc.)
(b) Address of Principal Business Office:
MAS Capital Inc. and Aaron Tsai:
c/o MAS Financial Corp.
17 N. Governor St.
Evansville, IN 47711
(c) Citizenship: MAS Capital Inc. - Indiana, Aaron Tsai - USA.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 67019C 10 1
Item 3. Not Applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 950,000.
(b) Percent of Class: 9.88%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 950,000.
(ii) shared power to vote or to direct the vote -0-.
(iii) sole power to dispose or to direct the disposition of
950,000.
(iv) shared power to dispose or to direct the disposition of
-0-.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of a Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
[Remainder of page intentionally blank]
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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.
January 17, 2000
MAS Capital Inc.
By: /s/ Aaron Tsai
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Aaron Tsai, President
By: /s/ Aaron Tsai
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Aaron Tsai
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