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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO 1)*
Txon International Development Corporation
______________________________
(Name of Issuer)
Common Stock, $0.001 Par Value Per Share
______________________________
(Title of Class of Securities)
No. 90210R305
______________________________
(CUSIP Number)
David L. Ficksman, Esq.
Loeb & Loeb LLP
10100 Santa Monica Boulevard, Suite 2200, Los Angeles, CA 90067
(310) 282-2350
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 14, 2000
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(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 [_].
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 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, as amended (the "Exchange Act") or otherwise subject to the liabilities of
that section of the Exchange Act but shall be subject to all other provisions of
the Exchange Act.
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CUSIP No. _______________
1 NAME OF REPORTING PERSON
Main Edge International Limited
I.R.S. IDENTIFICATION NOS OF ABOVE PERSON
Not Applicable
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_] (b) [_]
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [_]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,961,175
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
1,961,175
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,961,175 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
75.16%
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14 TYPE OF REPORTING PERSON
OO
ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D relates to the common stock, $0.001 par
value per share (the "Common Stock"), of Txon International Development
Corporation, a Nevada Corporation (the "Issuer"). The principal executive
offices of the Company is located at 13C Chinaweal Centre 414-424 Jaffe Road,
Wanchai, Hong Kong.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c) This statement on Schedule 13D is filed by Main Edge
International Limited, a British Virgin Island Corporation ("Main Edge" or the
"Reporting Person"). The office of Main Edge is located at 13C Chinaweal Center
414-424 Jaffe Road, Wanchai, Hong Kong. The principal business of Main Edge is
to serve as a holding company.
Set forth on Appendix A hereto is a schedule setting forth the names and
titles of the executive officers of Main Edge, the name, present principal
occupation or employment of the Directors of Main Edge and the name, principal
business and address of any corporation or other organization in which such
employment is conducted.
(d) and (e) During the past five years, the Reporting Person has not (i)
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of or prohibiting or mandating activity subject to federal or state
securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
In connection with the closing under the Share Exchange Agreement dated
as of August 10, 2000, by and among the Issuer, the Main Edge, Virtual Edge
Limited and certain shareholders of the Issuer named therein (the "Share
Exchange Agreement"), Main Edge acquired 1,961,175 shares of the Issuer in
exchange for the Main Edge's shares of Virtual Edge Limited, a wholly owned
subsidiary of the Main Edge ("Virtual Edge"), which shares represented all of
the issued and outstanding shares of Virtual Edge.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person entered into the above mentioned transaction to
acquire the shares of Common Stock for investment purposes. The Common Stock
was acquired pursuant to the Share Exchange Agreement as described in Item 3
hereof.
The Reporting Person intend to review on a continuing basis its
investment in the Issuer and may, depending upon the evaluation of his financial
planning, upon the Issuer's business and prospects and upon future developments
in general business, economic and market conditions, determine to increase,
decrease or continue to hold or dispose of the position in the Issuer.
Except as set forth in the previous paragraphs, the Reporting Person has
no plans or proposals that relate to or would result in: (a) the acquisition by
any person of additional securities of the Issuer, or the disposition of
securities of the Issuer; (b) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation or any of its subsidiaries; (d) any change
in the present Board of Directors or management of the Issuer; (e) any material
change in the present capitalization or dividend policy of the Issuer; (f) any
other material change in the Issuer, involving the Issuer or any of its
subsidiaries; (c) a sale or transfer of a material amount of assets of the
Issuer's business or corporate structure; (g) changes in the Issuer's charter,
bylaws or instruments corresponding thereto or other actions which may impede
the acquisition of control of the Issuer by any person; (h) causing a class of
securities of the Issuer to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) a class of equity securities of
the Issuer becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Exchange Act; or (j) any action similar to any of those
enumerated in (a)-(i) above.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The table below sets forth the aggregate number of shares and
percentage of the Company's outstanding shares beneficially owned by each
Reporting Person.
Number of Share Percentage of Total
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Main Edge International Limited 1,961,175 75.16
(b) The Reporting Person, hold the sole power to vote and to dispose or
direct the disposition of any of the shares of Common Stock.
(c) The Reporting Persons has not effected any transaction in the Common
Stock during the past 60 days, except as disclosed herein.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Other than as described in Item 4 above, to the Reporting Person's
knowledge, there are no contracts, arrangements, understandings or relationships
(legal or otherwise) among the persons named in Item 2 and between such persons
and any person with respect to any securities of the Issuer, including but not
limited to transfer or voting of any of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
EXHIBIT NO. DESCRIPTION
----------- -----------
1.1* Share Exchange Agreement, dated as of August 10, 2000
* Previously filed.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information named in this statement is true, complete and correct.
Date: August 21, 2000
MAIN EDGE INTERNATIONAL CORPORATION
By: /s/ John H.W. Hui
--------------------------------
John H.W. Hui
Title: President
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APPENDIX A
Officers & Directors
Main Edge International Limited
<TABLE>
<CAPTION>
Name Title
---- -----
<S> <C>
John H.W. Hui President and Secretary
Alfred H.B. Or Chief Operating Officer and Director
Thomas Pai Chief Financial Officer and Director
David Jones Vice President, Information Technology and Director
Roy C.W. Wu Vice President, Club Management and Director
James H.C. Mak Director
Hui Wang Director
</TABLE>
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*The address of each of these reporting persons is 13C Chinaweal Centre, 414-424
Jaffe Road, Wanchai, Hong Kong.
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