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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) February 19, 1996
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REGAL INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-8334 75-1071589
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(Commission File Number) (IRS Employer Identification No.)
52/F Bank of China Tower, 1 Garden Road, Hong Kong
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (852) 2514-0300
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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The Board of Directors of the Registrant has elected to change its
independent accountants from Pannell Kerr Forster of Texas P.C.
("Pannell Kerr") to Arthur Anderson & Co. The decision resulted from the
fact that after February 19, 1996 the Registrant's sole operating
subsidiary is located in China, a location where Arthur Andersen has
greater resources in the Registrant's areas of operation, and a prior,
ongoing business relationship with the Registrant. Although Pannell
Kerr's report on the Registrant's audited financial statements for the
fiscal year ended December 31, 1994 and 1995 contained a "going concern"
qualification, the change in independent accountants is not related to
such qualification or to any disagreement with Pannell Kerr.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
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(c) Exhibits
16. Letter from Pennell Kerr Forster of Texas P.C. to the SEC.
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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.
Dated: May 14, 1998 REGAL INTERNATIONAL, INC.
By: /s/ Chung Cho Yee, Mico
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Chung Cho Yee, Mico
President
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EXHIBIT 16
February 23, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We have read Item 8 of the Report on Form 10-KSB of Regal International, Inc. (
Commission File Number 1-8334) and we agree with statements contained therein as
they relate to our firm.
Very truly yours,
/s/ Pannell Kerr Forster of Texas, P.C.
Pannell Kerr Forster of Texas, P.C.
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