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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950144-96-002956.txt : 19960529
<SEC-HEADER>0000950144-96-002956.hdr.sgml : 19960529
ACCESSION NUMBER:		0000950144-96-002956
CONFORMED SUBMISSION TYPE:	10-C
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19960517
FILED AS OF DATE:		19960528
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RESOURCES DEVELOPMENT INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				870263643
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26046
		FILM NUMBER:		96573133

	BUSINESS ADDRESS:	
		STREET 1:		244O S PROGRESS DR
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84119
		BUSINESS PHONE:		8019722887

	MAIL ADDRESS:	
		STREET 1:		C/O BAKER & HOSTETLER
		STREET 2:		P O BOX 112
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32802

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-C
<SEQUENCE>1
<DESCRIPTION>CHINA RESOURCES DEVELOMENT, INC. FORM 10-C
<TEXT>

<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                          -------------------------

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM

                  FILED PURSUANT TO SECTION 13 OR 15(D) OF THE
               SECURITIES EXCHANGE ACT OF 1934 AND RULE 13A-17
                              OR 15D-17 THEREUNDER


                       CHINA RESOURCES DEVELOPMENT, INC.
                 (Exact name of issuer as specified in charter)

                      23/F Office Tower, Convention Plaza
                       1 Harbour Road, Wanchai, Hong Kong
                          Telephone: 011-852-2537-6689
         (Address of principal executive offices and telephone number)

                   I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of shares
outstanding:

1.     Title of security: Common Stock, par value $0.001 per share
                          ------------------------------------------------------
2.     Number of shares outstanding before the change: 18,116,009
                                                      --------------------------
3.     Number of shares outstanding after the change: 25,913,408
                                                      --------------------------
4.     Effective date of change:  May 17, 1996
                                 -----------------------------------------------
5.     Method of change:    Specify method (such as merger, acquisition,
                            exchange, distribution, stock split, reverse split,
                            acquisition of stock for treasury, etc.):

       Issuance of Common Stock upon conversion of Series B Convertible
       ------------------------------------------------------------------------
       Preferred stock.
       ------------------------------------------------------------------------

       Give brief description of transaction: Holders of shares of the Issuer's
       ------------------------------------------------------------------------
       Series B Convertible Preferred Stock converted shares of such stock into
       ------------------------------------------------------------------------
       Common Stock.
       ------------------------------------------------------------------------

                          II. CHANGE IN NAME OF ISSUER

1.     Name prior to change: __________________________________________________
2.     Name after change: _____________________________________________________
3.     Effective date of charter amendment changing name: _____________________
4.     Date of shareholder approval of change, if required: ___________________


Date:  May 24, 1996                              /s/ Tam Cheuk Ho
      -------------------------------            ------------------------------
                                                 Tam Cheuk Ho, Chief Financial
                                                 Officer






</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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