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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.__)*
CATHAYONE INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
14915C
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(CUSIP Number)
JUNE 23, 2000
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(Date of Event which requires filing of this Statement)
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)
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* 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 in 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. 14915C PAGE 2 OF 5
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<S> <C> <C>
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NAME OF REPORTING PERSON
1. SNet Communications (HK) Limited
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(a) |_| Not Applicable
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (b) |_|
------------ --------------------------------------------------------------------------------------- ------------------
3. S.E.C. USE ONLY
------------ --------------------------------------------------------------------------------------- ------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4. Hong Kong
--------------------------- --------- ---------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
5,420,000
SHARES --------- ---------------------------------------------------------------------------------
6. SHARED VOTING POWER
BENEFICIALLY -0-
--------- ---------------------------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
5,420,000
REPORTING --------- ---------------------------------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER
-0-
--------------------------- --------- ---------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,420,000
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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
18.52%
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12. TYPE OF REPORTING PERSON
CO
------------ ----------------------------------------------------------------------------------------------------------
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP NO. 14915C PAGE 3 OF 5
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Item 1(a) NAME OF ISSUER
CathayOne Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
437 Madison Avenue, New York, NY 10022
ITEM 2(a) NAME OF PERSON FILING
SNet Communications (HK) Limited
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OR, IF NONE, RESIDENCE
c/o Stikeman Elliott
Suite 1103, Aon China Building
29 Queen's Road Central, Hong Kong
ITEM 2(c) CITIZENSHIP
Not Applicable
ITEM 2(d) TITLE OF CLASS OF SECURITIES
Common Stock
ITEM 2(e) CUSIP NUMBER
14915C
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) __ Broker or dealer registered under Section 15 of the
Exchange Act;
(b) __ Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) __ Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) __ Investment company registered under Section 8 of the
Investment Company Act;
(e) __ An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) __ An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) __ A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) __ A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) __ A church plan that is excluded from the definition of an
investment company under Section 3(c )(14) of the
Investment Company Act; or
(j) __ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to rule 13d-1(c ), check
this box. |X|
ITEM 4 OWNERSHIP
(a) Amount beneficially owned: 5,420,000
(b) Percent of Class: 18.52%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 5,420,000
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition:
5,420,000
(iv) Shared power to dispose or to direct the disposition:
-0-
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CUSIP NO. 14915C PAGE 4 OF 5
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ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following: |_|
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
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 GROUP
Not Applicable
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CUSIP NO. 14915C PAGE 5 OF 5
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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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: October 15, 2000
SNet Communications (HK) Limited
By: /s/ Carol Lynn Correia
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Name: Carol Lynn Correia
Title: Director, Brott Limited, Director of
Reporting Person
