UNITED STATES
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): September 12, 2008 (September 11, 2008)
 
CHINA PRECISION STEEL, INC.
(Exact name of registrant as specified in its charter)

Delaware
000-23039
14-1623047
(State of Incorporation)
(Commission File No.)
(IRS Employer ID No.)
 
8th Floor, Teda Building
87 Wing Lok Street, Sheungwan
Hong Kong, The People’s Republic of China
(Address of Principal Executive Offices)

(+852) 2543 -8223
Registrant’s Telephone Number, Including Area Code:


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
 
On September 11, 2008, China Precision Steel, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal year ended June 30, 2008. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein.
 
ITEM 7.01. REGULATION FD DISCLOSURE.
 
In anticipation of the planned presentation on September 12, 2008 by the Company, to a group of potential investors at the SIG Second Annual Beijing Management Summit in Beijing, China, sponsored by Susquehanna Financial Group, LLLP (the “SIG Summit”), the Company is filing this current report on Form 8-K to disclose its planned presentation materials in order to avoid the selective disclosure of any material nonpublic information at the SIG Summit. The Company’s presentation materials are attached hereto as Exhibit 99.2.

The information contained in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information or such exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth in or exhibits to this Form 8-K shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d)
Exhibits.

99.1
Press Release, dated September 11, 2008
99.2
Slide Presentation of China Precision Steel, Inc., September 2008
 
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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.
 
 
     
  CHINA PRECISION STEEL, INC.
 
 		  
 		  
 
Date: September 12, 2008 By:   /s/ Wo Hing Li
 
Wo Hing Li
Chairman, Chief Executive Officer and President
   

 
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Exhibit Index

99.1
Press Release, dated September 11, 2008
99.2
Slide Presentation of China Precision Steel, Inc., September 2008
 
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