SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported : November 15, 1998)
KING POWER INTERNATIONAL GROUP CO., LTD.
----------------------------------------
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
1-13205
(Commission File Number)
75-2641513
(IRS Employer Identification No.)
27th Floor Siam Tower, 989 Rama I Road, Patumwan, Bangkok 10330 Thailand
------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number (including area code): 011-662-658-0090
<PAGE>
ITEM 4. Changes in Registrant's Certifying Accountants
I.
The accounting firm of BDO Binder (Thailand) Ltd., the independent accountants
for the registrant that was hired on December 12, 1997, was dismissed as of
November 15, 1998 as directed by the vote of the registrant's Board of
Directors.
During the fiscal year ended December 31, 1996 and the subsequent interim period
through December 12,1997 there were no disagreements with Cheshier & Fuller, LLP
on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure or any reportable events. During the
fiscal year ended December 31, 1997 and the subsequent interim period through
November 15, 1998 there have been no disagreements with BDO Binder (Thailand)
Ltd. on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure or any reportable events.
Cheshier & Fuller, LLP's report on the registrant's financial statements for the
fiscal year ended December 31, 1996 contained no adverse opinion or disclaimer
of opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principles. BDO Binder (Thailand) Ltd.'s report on the registrant's
financial statements for the fiscal year ended December 31, 1997 contained no
adverse opinion or disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or accounting principles. During the fiscal year ended
December 31, 1996 and the subsequent interim period through December 12, 1997
there were no disagreements with the registrant's accounting firm, Cheshier &
Fuller, LLP or reportable events. During the fiscal year ended December 31, 1997
and the subsequent interim period through November 15,1998 there were no
disagreements with the registrant's accounting firm, BDO Binder(Thailand) Ltd.
or reportable events.
The registrant has requested that BDO Binder (Thailand), Ltd. furnish it with a
letter addressed to the Securities and Exchange Commission stating whether it
agrees with the above statements to the extent that they relate to that firm.
II.
Due to the fact that the accounting firm of BDO Binder (Thailand), LLP, then the
independent accountants for the registrant, was dismissed on November 15, 1998,
the registrant engaged the accounting form of Deloitte Touche Tohmatsu Jaiyos as
independent accountants for the registrant, effective as of November 15, 1998.
During the fiscal years ended December 31, 1996 and 1997, and the subsequent
interim period through November 15, 1998, there have been no consultations with
Deloitte Touche Tohmatsu Jaiyos on any matters of accounting principles to a
specific transaction, either completed or proposed, or the type of audit opinion
that might be rendered on the registrant's financial statements.
<PAGE>
ITEM 7. Financial Statements and Exhibits.
(c) Exhibits
16. Letter from BDO Binder (Thailand) Ltd. dated January 21, 1999
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
KING POWER INTERNATIONAL GROUP CO., LTD.
By /s/ Vichai Raksriaksorn
-------------------
Vichai Raksriaksorn, President and Chairman of the Board
January 14, 1999
BDO BDO Binder (Thailand) Ltd. 22nd Floor, CTI Tower
Certified Public Accountants 191/41 New Ratchadapisek Road
and Consultants Klongtoey, Bangkok 10110, Thailand
Telephone: (662) 261 1251-4
Telefax: (662) 261 1255
January 21, 1999
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by King Power International Group Co., Ltd. and
contained in Item 4 - Changes in Registrant's Certifying Accountants, as
contained in its Form 8-K/A dated January 14, 1999. Please be advised that we
have no disagreements with any of the statements contained therein as they
pertain to BDO Binder (Thailand) Limited.
Yours very truly,
/s/ BDO Binder (Thailand) Ltd.
- ---------------------------------
BDO Binder (Thailand) Limited