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): April 27, 2001


                        PANAGRA INTERNATIONAL CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

 New York                               0-30183                    13-4025362
 ------------------------          ----------------------     -----------------
(State or other jurisdiction      (Commission File Number)     (IRS Employer of
 incorporation or organization)                                   ID Number)


                     515 Madison Avenue, New York, NY 10022
                     --------------------------------------
                    (Address of principal executive offices)

                                 (212) 829-0905
                                 --------------
                         (Registrant's Telephone Number)



<PAGE>


Item 5.  Other Events.

         On  April  27,  2001,  PanAgra  International  Corporation,  a New York
corporation (the "Company") and its newly-formed  subsidiary Minghua Acquisition
Corp.,  a  Delaware  corporation  ("Acquisition  Corp."),  entered  into a stock
purchase agreement (the "Agreement") with Mr. Li Chuquan and Mr. Chan Kuen Kwong
(collectively,  the "Sellers")  relating to the purchase by Acquisition Corp. of
all of the  outstanding  capital stock of Ming Hua Group  International  Holding
(Hong Kong)  Limited,  a  corporation  existing  under the laws of the Hong Kong
Special  Administrative Region of the Peoples Republic of China ("Ming Hua Group
International").  Ming Hua Group International  holds, as its only asset, an 85%
equity interest in Shenzhen Minghua Environmental  Protection Vehicles Co., Ltd,
a  corporation  existing  under the laws of the  Peoples  Republic of China (the
"Environmental Vehicle Company"). The Environmental Vehicle Company is the owner
of patented technology relating to hybrid vehicles powered by a combination of a
combustion  diesel  engine and an electric  power  system (the  "Minghua  Hybrid
Vehicle").

         Pursuant to the  Agreement,  Acquisition  Corp.  is  obligated to pay a
$1,000,000  deposit to the Sellers  within fifteen days of signing the Agreement
and to deliver to the Sellers 28,000,000 shares of the Company's Common Stock at
the closing of the  transactions  contemplated by the Agreement (the "Closing").
The  Company  will fund  such cash  amount  and issue  such  shares on behalf of
Acquisition  Corp. as a capital  contribution  to Acquisition  Corp. The deposit
will be returned to  Acquisition  Corp. if the Closing does not occur unless the
failure to close  results  from a breach of the  Agreement by the Company or the
Acquisition  Corp.  The Closing is subject to various  conditions  including the
completion of a due diligence investigation by the Company and Acquisition Corp.
of Ming Hua Group International and the Environmental  Vehicle Company. From and
after the Closing, the Company will indirectly control the Environmental Vehicle
Company.

         At the Closing Mr. Li Chuquan will obtain a controlling interest in the
Company.  As soon as practical after the Closing,  the Company intends to change
its name to Minghua Group  International  Holdings Limited and at such time, the
Company intends to increase the size of its board and to appoint Mr. Li Chuquan,
the Chairman of Ming Hua Group  International and the  Environmental  Protection
Vehicle Company, as chairman of the Company.

Item 7.  Financial Statements and Exhibits

(c)      Exhibits

2.1      Stock  Purchase  Agreement,  dated April 27,  2001,  among the Company,
         Acquisition Corp. and the Sellers.

99.1     Press Release


<PAGE>


                                   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.


Date: April 27, 2001

                                            PanAgra International Corporation


                                            By:  /s/ Ronald C. H. Lui
                                                --------------------------------
                                                Ronald C. H. Lui, President
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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): April 27, 2001

                        PANAGRA INTERNATIONAL CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

 New York                               0-30183                    13-4025362
 ------------------------          ----------------------     -----------------
(State or other jurisdiction      (Commission File Number)     (IRS Employer of
 incorporation or organization)                                   ID Number)

                     515 Madison Avenue, New York, NY 10022
                     --------------------------------------
                    (Address of principal executive offices)

                                 (212) 829-0905
                                 --------------
                         (Registrant's Telephone Number)
Item 5.  Other Events.

         On  April  27,  2001,  PanAgra  International  Corporation,  a New York
corporation (the "Company") and its newly-formed  subsidiary Minghua Acquisition
Corp.,  a  Delaware  corporation  ("Acquisition  Corp."),  entered  into a stock
purchase agreement (the "Agreement") with Mr. Li Chuquan and Mr. Chan Kuen Kwong
(collectively,  the "Sellers")  relating to the purchase by Acquisition Corp. of
all of the  outstanding  capital stock of Ming Hua Group  International  Holding
(Hong Kong)  Limited,  a  corporation  existing  under the laws of the Hong Kong
Special  Administrative Region of the Peoples Republic of China ("Ming Hua Group
International").  Ming Hua Group International  holds, as its only asset, an 85%
equity interest in Shenzhen Minghua Environmental  Protection Vehicles Co., Ltd,
a  corporation  existing  under the laws of the  Peoples  Republic of China (the
"Environmental Vehicle Company"). The Environmental Vehicle Company is the owner
of patented technology relating to hybrid vehicles powered by a combination of a
combustion  diesel  engine and an electric  power  system (the  "Minghua  Hybrid
Vehicle").

         Pursuant to the  Agreement,  Acquisition  Corp.  is  obligated to pay a
$1,000,000  deposit to the Sellers  within fifteen days of signing the Agreement
and to deliver to the Sellers 28,000,000 shares of the Company's Common Stock at
the closing of the  transactions  contemplated by the Agreement (the "Closing").
The  Company  will fund  such cash  amount  and issue  such  shares on behalf of
Acquisition  Corp. as a capital  contribution  to Acquisition  Corp. The deposit
will be returned to  Acquisition  Corp. if the Closing does not occur unless the
failure to close  results  from a breach of the  Agreement by the Company or the
Acquisition  Corp.  The Closing is subject to various  conditions  including the
completion of a due diligence investigation by the Company and Acquisition Corp.
of Ming Hua Group International and the Environmental  Vehicle Company. From and
after the Closing, the Company will indirectly control the Environmental Vehicle
Company.

         At the Closing Mr. Li Chuquan will obtain a controlling interest in the
Company.  As soon as practical after the Closing,  the Company intends to change
its name to Minghua Group  International  Holdings Limited and at such time, the
Company intends to increase the size of its board and to appoint Mr. Li Chuquan,
the Chairman of Ming Hua Group  International and the  Environmental  Protection
Vehicle Company, as chairman of the Company.

Item 7.  Financial Statements and Exhibits

(c)      Exhibits

2.1      Stock  Purchase  Agreement,  dated April 27,  2001,  among the Company,
         Acquisition Corp. and the Sellers.

99.1     Press Release
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.

Date: April 27, 2001

                                            PanAgra International Corporation

                                            By:  /s/ Ronald C. H. Lui
                                                --------------------------------
                                                Ronald C. H. Lui, President