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OMB Number: 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
SCHEDULE 13D
Tech Electro Industries, Inc.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
0008782401
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(CUSIP Number)
Robert E. Braun, Esq.
c/o Jeffer, Mangels, Butler & Marmaro,
2121 Avenue of the Stars, 10th Floor,
Los Angeles, California 90067 (310) 203-8080
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 11, 1997
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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 ___.
Check the following box if a fee is being paid with the statement X . (A fee is
---
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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
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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 878-240-12-6 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Asean Brokers Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY 385,000 Shares of Common Stock
OWNED BY (see response to Item 5(a))
EACH ---------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON -0-
WITH ---------------------------------------------------------
9 SOLE DISPOSITIVE POWER
385,000 Shares of Common Stock (see response to
Item 5(a))
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
385,000 Shares of Common Stock (see response to Item 5(a))
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.85%(see response to Item 5(a))
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 878-240-12-6 Page 3 of 6 Pages
Item 1. Security and Issuer.
Securities:
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Common Stock, no par value ("Common Stock")
Options to acquire Common Stock ("Options")
Issuer: Tech Electro Industries, Inc.
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4300 Wiley Post Road
Dallas, TX 75244-2131
Item 2. Identity and Background.
Information as to the Reporting Person
--------------------------------------
Name: Asean Brokers Limited
Address: Flat 1, 51 Queens Gate Terrace
SW7, 5PL
London
United Kingdom
Principal Business: Investor
a) The reporting person has not, during the last five years,
been convicted in a criminal proceeding.
b) The reporting person has not, during the last five
years, been a party to a civil proceeding of a
judicial or administrative body of competent
jurisdiction as a result of which it was or is subject
to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding
any violation with respect to such laws.
Information as to Directors, Officers and Controlling Persons
-------------------------------------------------------------
(a) Vincent Tan Seaway
(b) Residence or Business Address
Flat 1, 51 Queens Gate Terrace
SW7, 5PL
London
United Kingdom
<PAGE>
CUSIP No. 878-240-12-6 Page 4 of 6 Pages
(c) Occupation:
Investor
(d) The reporting person has not, during the last five
years, been convicted in a criminal proceeding.
(c) The reporting person has not, during the last five
years, been a party to a civil proceeding of a
judicial or administrative body of competent
jurisdiction as a result of which it was or is
subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities 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.
The Reporting Person purchased 205,000 shares of Common Stock
and options to acquire 180,000 shares of Common Stock at a
total cost of approximately $348,500 including all fees and
commissions. All funds for the foregoing purchase were made
from working capital and cash on hand of the Reporting Person.
Item 4. Purpose of Transaction.
The Reporting Person acquired the Common Stock and Options as
an investment, and has no specific plans to influence the
operations of the Issuer.
Item 5. Interest in Securities of Issuer.
a) The Reporting Person holds 205,000 shares of Common
Stock and options to acquire 180,000 shares of Common
Stock. Based on public filings of the Issuer, the
Reporting person believes this sum represents 13.85%
of the Common Stock of the Issuer outstanding as of
January 31, 1997.
In conformance with Section 13(d) under the
Securities Exchange Act of 1934, as amended, and Rule
13d promulgated thereunder, the Reporting Person has
reported all its ownership interest based on both
shares of Common Stock directly owned by the
Reporting Person and shares of Common Stock
underlying securities which are exercisable or
convertible within 60 days of the date of this
Schedule.
b) The Reporting Person has sole voting and investment
power over the Common Stock and Options held by the
Reporting Person.
<PAGE>
CUSIP No. 878-240-12-6 Page 5 of 6 Pages
c) All transactions in the securities of the Issuer
during the past sixty days are reported in Exhibit A
hereto.
d) Not applicable.
e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
The Reporting Person has entered into a Subscription Agreement
and an Option Agreement with the Issuer. Such Agreements have
previously been filed by the Issuer. Except for such
agreements, no agreement, contract or understanding with
respect to the securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
Exhibit A - Transactions in the shares of the Issuer
within sixty days prior to filing
Schedule 13D
<PAGE>
CUSIP No. 878-240-12-6 Page 6 of 6 Pages
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
April 22, 1997 Asean Brokers Limited
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Date
By /s/ Vincent Tan Seaway
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Name: Vincent Tan Seaway
<PAGE>
Exhibit A
Transactions in Shares of Issuer's Securities
None
