U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Universal Appliances Limited
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(Last) (First) (Middle)
Rm. 6301-06, The Center, 99 Queen's Road Central
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(Street)
Hong Kong
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
November 15, 2000
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3. IRS Identification Number of Reporting Person, if an Entity Voluntary)
N/A
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4. Issuer Name and Ticker or Trading Symbol
POPstar Communications, Inc. - POPS
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by 1 Reporting Person
[_] Form Filed by More than 1 Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security
(i) Common stock par value $0.001 per share (ii) Common stock par value
$0.001 per share (iii) Common stock par value $0.001 per share
2. Amount of Securities Beneficially Owned
(i) 1,500,000
(ii) 750,000
(iii) 750,000
3. Ownership Form: Direct (D) or Indirect (I)
(i) Indirect
(ii) Indirect
(iii) Indirect
4. Nature of Indirect Beneficial Ownership
(i) Shares held by innovestor.com Limited, a British Virgin Islands
corporation
(ii) Shares held by Prime Star Asia Limited, a British Virgin Islands
corporation
(iii) Shares held by iTeleway Inc., a British Virgin Islands corporation
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security (Instr. 4)
(i) Option
(ii) Option
(iii) Option
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
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(i) 2/2/00 Prior to the date which is three months
subsequent to the date on which the Company's
stocks are listed for trading on an exchange
(ii) 2/11/00 Prior to the date which is three months
subsequent to the date on which the Company's
stocks are listed for trading on an exchange
(iii) 2/11/00 Prior to the date which is three months
subsequent to the date on which the Company's
stocks are listed for trading on an exchange
3. Title and Amount of Securities Underlying Derivative Security
Title Amount or Number of Shares
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(i) Common Stock 1,500,000
(ii) Common Stock 750,000
(iii) Common Stock 750,000
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4. Conversion or Exercise Price of Derivative Security
(i) $2.00 per share
(ii) $2.00 per share
(iii) $2.00 per share
5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(i) Indirect
(ii) Indirect
(iii) Indirect
6. Nature of Indirect Beneficial Ownership
(i) Options held by innovestor.com Limited, a British Virgin Islands
corporation
(ii) Options held by Prime Star Asia Limited, a British Virgin Islands
corporation
(iii) Options held by iTeleway Inc., a British Virgin Islands corporation
Explanation of Responses:
On November 15, 2000, Universal Holdings Limited ("UAL") acquired 100% of Prime
Star Asia Limited and iTeleway Limited.
In addition, UAL has directly and indirectly more than a 10% holding in
Netalone.com Limited of which innovestor.com Limited is a wholly-owned
subsidiary. UAL does not control Netalone's board.
/s/ Chun Shun Johnson KO, Chairman November 23, 2000
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
