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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950144-96-003269.txt : 19960613
<SEC-HEADER>0000950144-96-003269.hdr.sgml : 19960613
ACCESSION NUMBER:		0000950144-96-003269
CONFORMED SUBMISSION TYPE:	10-C
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19960530
FILED AS OF DATE:		19960610
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:		96578825

	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 DEVELOPMENT, 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.

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


                  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: 25,913,408  
                                                   -----------------------------
3. Number of shares outstanding after the change: 40,577,733  
                                                  ------------------------------
4. Effective date of change: May 30, 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  June 7, 1996                         /s/ Tam Cheuk Ho
    ----------------------                 -------------------------------------
                                           Tam Cheuk Ho, Chief Financial Officer
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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