SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported): December 14, 2000
OPAL TECHNOLOGIES, INC.
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(Exact name of Registrant as specified in its charter)
33-18834-LA
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(Commission file number)
Nevada 87-0306464
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State or other jurisdiction of incorporation) (I.R.S. Employer
Identification Number)
Unit 2810, 28/F, Shun Tak Centre, West Tower,
200 Connaught Road Central, Hong Kong
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(Address of principal executive offices) (Zip code)
011-852-2517-7674
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(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Item 5. Other Events
On December 14, 2000, Beijing Opal Agricultural and Biochemistry
Company Limited ("Beijing Opal"), a Sino-foreign joint venture partly owned by
Triple Star Group Limited (TSG) a wholly owned subsidiary of Opal Technologies,
Inc. ("Opal") completed the necessary procedure to increase its capital from
US$6,000,000 to US$12,000,000. Because the additional capital is being
contributed solely by TSG, TSG's equity interest in the joint venture will
increase from 55% to 77.5% while the Chinese partner's equity interest will be
diluted from 45% to 22.5% accordingly. With production at the Beijing facility
scheduled to begin soon, this will significantly enhance the overall
profitability of Beijing-Opal and Opal.
Opal is engaged in the manufacturing and marketing of organic
agricultural fertilizers in both liquid and granular forms. The Company has been
in the development stage since inception, but expects to begin commercial
production in early 2001.
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 hereunto duly authorized.
OPAL TECHNOLOGIES, INC.
By: /s/ Eric Cheng
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Eric Cheng, President
Date: December 21, 2000
