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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Tech Electro Industries, Inc.
----------------------------
(Name of Issuer)
COMMON STOCK
----------------------------
(Title of Class of Securities)
0008782401
-------------
(CUSIP Number)
Mee Mee Tan
Tech Electro Industries, Incorporated
477 Madison Avenue, 24th Floor
New York, NY 10022
(212) 583-0900
-----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 18, 1998
-----------------------------------------------------------
(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 box.
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 13-D
CUSIP No. 000 878-24-01 Page 2 of 6 Pages
___________________________________________________________________________
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person):
WILLIAM KIM WAH TAN
___________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
N/A (b) [ ]
___________________________________________________________________________
(3) SEC Use Only
___________________________________________________________________________
(4) Source of Funds*
00
___________________________________________________________________________
(5) Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e):
N/A
___________________________________________________________________________
(6) Citizenship or Place of Organization:
Malaysia
___________________________________________________________________________
Number of Shares (7) Sole Voting Power: 590,000 Shares of Common
Beneficially Owned Stock (see response to
by Each Reporting item 5(a))
Person With:
(8) Shared Voting Power: 175,000
(9) Sole Dispositive Power: 590,000 Shares of Common
Stock (see response to
item 5(a))
(10) Shared Dispositive Power: 175,000
___________________________________________________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person:
765,000 Shares of Common Stock (see response to Item 5(a))
___________________________________________________________________________
(12) Check box if the Aggregate Amount in Row (11) Excludes Certain Shares*
___________________________________________________________________________
(13) Percent of Class Represented by Amount in Row (11):
16.3% (see response to Item 5(a))
___________________________________________________________________________
(14) Type of Reporting Person*
IN
___________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 000 878-24-01 Page 3 of 6 Pages
Item 1. Security and Issuer.
Securities:
-----------
Common Stock, no par value ("Common Stock")
Issuer: Tech Electro Industries, Inc.
477 Madison Avenue, 24th Floor
New York, NY 10022
Item 2. Identity and Background.
Information as to the Reporting Person
--------------------------------------
Name: William Kim Wah Tan
Address: c/o Wisma Stephens #12-08
Jalan Raja Chulan
50200 Kuala Lumpur, Malaysia
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.
Item 3. Source and Amount of Funds or Other Consideration.
The reporting person acquired 300,000 shares from the
Issuer as consideration for services rendered to Issuer
and in lieu of other compensation.
<PAGE>
CUSIP No. 000 878-24-01 Page 4 of 6 Pages
Item 4. Purpose of Transaction.
The reporting person acquired 300,000 shares from the
Issuer as consideration for services rendered to Issuer
and in lieu of other compensation.
Item 5. Interest in Securities of Issuer.
(a) The Reporting Person directly holds 475,000 shares
of Common Stock and options to acquire 100,000
shares of Common Stock. The Reporting Person also
directly holds 5,000 Units; each Unit consists of
one share of Common Stock and one share of Series
A Convertible Preferred Stock. (Each share of
Series A Preferred Stock is convertible into 2
shares of Common Stock.) In addition, the
Reporting Person, through his affiliation with
Placement and Acceptance, Inc. holds 75,000 shares
of Common Stock and options to acquire 100,000
shares of Common Stock. Based on public filings of
the Issuer, the Reporting Person believes this sum
represents 16.3% of the Common Stock of the Issuer
outstanding as of January 6, 1999.
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 and Placement and Acceptance,
Inc. of which the Reporting Person is an officer,
director and controlling shareholder, share voting
and dispositive power over 75,000 shares of Common
Stock and 100,000 Options.
(c) The reporting person acquired 300,000 shares from
the Issuer as consideration for services rendered
to Issuer and in lieu of other compensation.
<PAGE>
CUSIP No. 000 878-24-01 Page 5 of 6 Pages
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
N/A
Item 7. Material to be Filed as Exhibits.
Exhibit A - none.
<PAGE>
CUSIP No. 000 878-24-01 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.
November 18, 1998 /s/ WILLIAM KIM WAH TAN
- ----------------- -----------------------
Date William Kim Wah Tan
