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E-FUTURE INFORMATION TECHNOLOGY INC. (EFUT)

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Last Post: 9/23/2016 8:44:49 AM - Followers: 14 - Board type: Free - Posts Today: 0

Beijing Shiji HK Has Controlling Interest of $EFUT

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
 
From November 16 to 23, 2015, Shiji HK has acquired 2,453,966 Ordinary Shares in secondary market for an aggregate purchase price of $16,750,509.61, including brokerage commissions and fees (the “Purchase Price”), or approximately $6.83 per Ordinary Share on average. As a result, as the date hereof, Shiji HK owned 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares. The Purchase Price was funded by working capital of Shiji HK, which in turn was obtained from the working capital of Beijing Shiji.
 
ITEM 4. PURPOSE OF TRANSACTION
 
The Reporting Persons consummated the transactions described in Item 3 in order to acquire an interest in the Issuer for investment purposes.  The Reporting Persons intend to review continuously their position in the Issuer.  Depending upon future evaluations of the business prospects of the Issuer and upon other developments, including, but not limited to, general economic and business conditions and stock market conditions, the Reporting Persons may retain or from time to time increase their holdings or dispose of all or a portion of their holdings, subject to any applicable legal and contractual restrictions on their ability to do so.
 
Except as set forth in this Item 4 (including the matters described in Item 6 below which are incorporated in this Item 4 by reference), the Reporting Persons (or, to the best knowledge of the Reporting Persons, each person named in Schedule A) have no present plans or proposals that relate to or that result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
 
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
 
(a)–(b)
The following information with respect to the ownership of Ordinary Shares by each of the Reporting Persons as the date hereof:
         
 
 
 
 
Reporting Person
 
 
 
Amount beneficially owned:
 
 
 
 
Percentage of class:
 
 
Sole power to vote or direct the vote:
 
Shared power to vote or to direct
the vote:
 
 
Sole power to dispose or to direct the disposition of:
 
 
Shared power to dispose or to direct the disposition of:
Shiji HK
 
2,453,966
 
50.51%
 
2,453,966
 
0
 
2,453,966
 
0
Beijing Shiji
 
2,453,966
 
50.51%
 
0
 
2,453,966
 
0
 
2,453,966
Mr. Zhongchu Li
 
2,453,966
 
50.51%
 
0
 
2,453,966
 
0
 
2,453,966
 
 
As of the date hereof, Shiji HK directly owns 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares.
 
Beijing Shiji, as the sole owner of Shiji HK, may be deemed to beneficially own 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares, and share voting and investment power over such shares.
 
Mr. Zhongchu Li, directly owns 63.0% of the total issued and outstanding shares of Beijing Shiji, is the ultimate controller of Beijing Shiji. As a result, Mr. Zhongchu Li may be deemed to beneficially own 2,453,966 Ordinary Shares, representing 50.51% of the total outstanding Ordinary Shares, and share voting and investment power over such shares. Mr. Zhongchu Li and his affiliated entities and the officers, partners, members, and managers thereof, other than Shiji HK and Beijing Shiji, disclaims beneficial ownership of the shares held directly by Shiji HK.
 
SCHEDULE B
 
Transactions in the Ordinary Shares during Past 60 Days
   
The following transactions were effected by Shiji (Hong Kong) Limited in the Ordinary Shares in the past 60 days:
 
Date
Numbers of Ordinary Shares Purchased
Price per Ordinary Share
November 16, 2015
1,443,628
$6.37
November 17, 2015
127,518
$6.32
November 18, 2015
465,775
$6.93
November 20, 2015
4,750
$6.48
November 23, 2015
412,295
$8.45




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EFUT News: Amended Statement of Beneficial Ownership (sc 13d/a) 09/23/2016 09:22:58 AM
EFUT News: Report of Foreign Issuer (6-k) 09/23/2016 08:46:22 AM
EFUT News: eFuture Holding Inc. Enters Into Definitive Merger Agreement 09/23/2016 08:45:00 AM
EFUT News: Report of Foreign Issuer (6-k) 07/29/2016 05:01:46 PM
EFUT News: eFuture Announces Unaudited Second Quarter 2016 Financial Results 07/29/2016 05:00:00 PM
PostSubject
#339   HALTED ListenToMe 09/23/16 08:44:49 AM
#338   What was that plan? focus2011 09/08/16 02:27:24 AM
#337   Not yet ntbiotech 08/04/16 07:20:22 PM
#336   Did this ever work out as planned? Stock Steward 08/04/16 06:07:01 PM
#335   MA Killer Whale Stock 05/02/16 11:14:49 AM
#334   I agree they want to make changes... Big FIERCE 12/28/15 11:24:22 PM
#333   They filed form 13d which suggests that they ntbiotech 12/28/15 09:34:53 PM
#332   Why does Beijing Shiji want controlling interest of FIERCE 12/25/15 09:29:46 PM
#331   $EFUT RESEARCH: THE FLOAT IS NOW UNDER 293,170 MjPlayz 12/16/15 07:13:44 PM
#330   I hope on soon News knrorrel 12/15/15 10:02:21 AM
#329   EFUT will be a trade between 9-13 for sawtrader 12/15/15 09:55:43 AM
#328   What do you think how it goes on here? knrorrel 12/15/15 03:52:13 AM
#327   [12/7/15, 9:33:43 AM] TRIPIL7Z: in $efut 10.84 TRIPIL7Z 12/07/15 11:35:15 AM
#326   started , only buyers knrorrel 12/07/15 10:11:36 AM
#325   again - minus 5% knrorrel 12/04/15 09:45:06 AM
#324   we want to bets, now comes back a knrorrel 12/04/15 07:24:58 AM
#323   BAD knrorrel 12/04/15 07:24:29 AM
#322   this is that problem, no ceo to write knrorrel 12/04/15 12:08:13 AM
#321   I don't have the email FIERCE 12/03/15 03:44:18 PM
#320   shi_ on chart-looks now -13 % ; give knrorrel 12/03/15 02:24:56 PM
#319   I need the email from the CEO - knrorrel 12/03/15 01:57:22 PM
#317   a creepy cheaters share ; do you have knrorrel 12/03/15 01:52:28 PM
#316   Chart - Daily FIERCE 12/03/15 11:02:28 AM
#315   No warning when $EFUT goes green FIERCE 12/03/15 08:52:43 AM
#314   AND AGAIN RED, AND NOW ? SELL OR knrorrel 12/03/15 01:28:41 AM
#313   Holy Moly shi like within 4 days by knrorrel 12/03/15 01:19:46 AM
#312   $EFUT Daily & Weekly Chart http://stockcharts $Pistol Pete$ 12/03/15 12:41:52 AM
#311   Beijing Shiji HK has controlling interest in [co FIERCE 12/02/15 06:28:41 PM
#310   Updated the $EFUT iBox FIERCE 12/02/15 03:31:37 PM
#309   Average in around 8.5 to 9 where the sawtrader 12/02/15 01:56:57 PM
#308   and now - 5 days in red knrorrel 12/02/15 01:39:52 PM
#307   Just in the last 10 minutes $213,000 worth FIERCE 12/02/15 11:48:55 AM
#306   Beijing Shiji first and only SEC filing, so FIERCE 12/02/15 11:25:25 AM
#305   Charts say we are due for a green FIERCE 12/02/15 08:22:15 AM
#304   Tomorrow will be green. I will put money no shorts 12/01/15 07:43:00 PM
#303   Notice how they skipped 4 days before the FIERCE 12/01/15 02:08:47 PM
#302   Yes... This chart shows http://stockcharts.com/c-sc/sc?s=efut&p=d&b=5&g=0 FIERCE 12/01/15 01:47:16 PM
#301   I was thinking same thing, but hoping for FIERCE 12/01/15 01:28:41 PM
#300   Last weeks chart and this weeks chart look no shorts 12/01/15 01:10:14 PM
#299   Scaring out a great majority of retail shares FIERCE 12/01/15 12:17:29 PM
#298   Indications of shorts covering here in $EFUT FIERCE 12/01/15 10:48:16 AM
#297   Also... BIG "IF" here! If there is a FIERCE 12/01/15 10:07:25 AM
#296   Green indeed! I have my GTC sell order FIERCE 12/01/15 10:04:23 AM
#295   Lots of buys coming in. Going green no shorts 12/01/15 09:48:32 AM
#294   Redemption is nigh :-) FIERCE 12/01/15 09:45:59 AM
#292   I'm a hold on $EFUT for same reason. :) FIERCE 12/01/15 09:15:38 AM
#291   Nice premarket buy. I'm holding this till we no shorts 12/01/15 07:42:40 AM
#290   #33 BB knrorrel 12/01/15 03:23:48 AM
#289   merger rumor ? Chart looks VERY STRONG and knrorrel 12/01/15 03:22:50 AM
#288   #36 BB knrorrel 12/01/15 03:10:50 AM
PostSubject