Euro Tech Holdings Co (NASDAQ:CLWT)

HONG KONG, February 8, 2012 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that on February 8, 2012 the Company engaged Dominic K.F. Chan & Co. ("DKFC"), as its independent registered public accounting firm, replacing BDO Limited of Hong Kong ("BDO Hong Kong"), which resigned on February 8, 2012.

The decision to change auditors was not the result of any disagreements between the Company and BDO Hong Kong on any matters of accounting principles or practices, financial statement disclosure or auditing scope or procedures. The Company understands that BDO Hong Kong's resignation is not related in any way to the affairs of the Company but purely an internal business decision of BDO Hong Kong.

HONG KONG, January 13, 2012 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT, the "Company") today announced that its Board of Directors has approved a two (2) for eleven (11) reverse stock split ("Reverse Split") of the Company's ordinary shares ("Ordinary Shares"). The Reverse Split will be effective at 5:00 P.M., New York time, on January 13, 2012. Immediately upon the Reverse Split becoming effective, every eleven (11) Ordinary Shares outstanding prior to the Reverse Split ("Old Shares") will be converted to two (2) Ordinary Shares ("New Shares"). Any owner of less than a single full share of the New Shares will receive cash in lieu of the fractional shares.

The Company's transfer agent, American Stock Transfer & Trust Company, LLC, will process the corporate action. The Company's shareholders are required to exchange their current stock certificates for new stock certificates representing New Shares upon receipt of instructions and documents necessary to obtain the new certificates from American Stock Transfer & Trust Company, LLC. Furthermore, a "D" will be added on the ticker symbol once the Reverse Split is effective and will be removed after 30 days.

The company is positive about the increase of wastewater treatment business outside China in the coming months, as many International Engineering Companies prefer to source wastewater treatment equipment and engineering services in China for their projects in other countries.

The company is also positive about the progress of the development of its Ballast Water Treatment System ("BWTS") for the worldwide maritime industry. The BWTS is now under vigorous testing to prepare for land and sea certification tests in America in March 2012.

HONG KONG, November 25, 2011 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (NASDAQ: CLWT) today announced that its subsidiary, PACT Environmental Technology Company Ltd. ("PACT") has recently been awarded a contract by an International Engineering company worth about US$2.4 million.

This contract, which covers design, supply, supervision of the installation and the commissioning of an industrial wastewater treatment system in an Aluminum Rolling Mill in Saudi Arabia, will be completed in May, 2012. About 1600 cubic meters of wastewater per day will be treated and then utilized for irrigation purposes.

PACT feels positive to get more contracts in coming months for projects outside China, as it is currently working on a few proposals for the same Engineering Company and other International Engineering Companies which source equipment and engineering services in China for their projects in other countries.

HONG KONG, September 26, 2011 /PRNewswire-Asia/ -- Euro Tech Holdings Company Limited (NASDAQ: CLWT, the "Company") today announced that on September 20, 2011 it received a deficiency letter from the NASDAQ OMX notifying the Company that because it has not maintained a bid price of $1 per share for the last 30 consecutive business days, it was not in compliance with Sections 5810 of the NASDAQ Listing Rules (the "Listing Rules").

In order to maintain its listing, the Company must regain compliance in a period of 180 calendar days ("Compliance Period"). As previously announced, the Company has taken action to prepare and effect a reverse stock split, which it currently expects to complete in the Compliance Period in order to meet the minimum bid price requirement.

HONG KONG, August 1, 2011 /PRNewsiwre-Asia/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that the Board of Directors has approved to renew its stock buyback program to repurchase up to 300,000 shares of its issued and outstanding stock announced on August 2, 2010 for another year.

Under the original program, which will expire on August 2, 2011, the company repurchased out of the market a total of 94,641 shares.

The Company will repurchase the stock in the open market from time to time based on market and business conditions when it is to the advantage of long-term shareholders.

Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and mainland China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2010.