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Created: 11/02/2006 12:07:11 AM - Followers: 12 - 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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Total Trades:
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  • 6M
  • 1Y
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  • 3Y
  • 5Y
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#340 Lucked out. sometime between the 9th and FairviewInvestor 08/25/2017 10:26:44 AM
#339 HALTED ListenToMe 09/23/2016 08:44:49 AM
#338 What was that plan? FairviewInvestor 09/08/2016 02:27:24 AM
#337 Not yet ntbiotech 08/04/2016 07:20:22 PM
#336 Did this ever work out as planned? Stock Steward 08/04/2016 06:07:01 PM
#335 MA ESTATE GURU 05/02/2016 11:14:49 AM
#334 I agree they want to make changes... Big FIERCE 12/28/2015 11:24:22 PM
#333 They filed form 13d which suggests that they ntbiotech 12/28/2015 09:34:53 PM
#332 Why does Beijing Shiji want controlling interest of FIERCE 12/25/2015 09:29:46 PM
#331 $EFUT RESEARCH: THE FLOAT IS NOW UNDER 293,170 Otcinvesting 12/16/2015 07:13:44 PM
#330 I hope on soon News knrorrel 12/15/2015 10:02:21 AM
#329 EFUT will be a trade between 9-13 for sawtrader 12/15/2015 09:55:43 AM
#328 What do you think how it goes on here? knrorrel 12/15/2015 03:52:13 AM
#327 [12/7/15, 9:33:43 AM] TRIPIL7Z: in $efut 10.84 tripil7z 12/07/2015 11:35:15 AM
#326 started , only buyers knrorrel 12/07/2015 10:11:36 AM
#325 again - minus 5% knrorrel 12/04/2015 09:45:06 AM
#324 we want to bets, now comes back a knrorrel 12/04/2015 07:24:58 AM
#323 BAD knrorrel 12/04/2015 07:24:29 AM
#322 this is that problem, no ceo to write knrorrel 12/04/2015 12:08:13 AM
#321 I don't have the email FIERCE 12/03/2015 03:44:18 PM
#320 shi_ on chart-looks now -13 % ; give knrorrel 12/03/2015 02:24:56 PM
#319 I need the email from the CEO - knrorrel 12/03/2015 01:57:22 PM
#317 a creepy cheaters share ; do you have knrorrel 12/03/2015 01:52:28 PM
#316 Chart - Daily FIERCE 12/03/2015 11:02:28 AM
#315 No warning when $EFUT goes green FIERCE 12/03/2015 08:52:43 AM
#314 AND AGAIN RED, AND NOW ? SELL OR knrorrel 12/03/2015 01:28:41 AM
#313 Holy Moly shi like within 4 days by knrorrel 12/03/2015 01:19:46 AM
#312 $EFUT Daily & Weekly Chart http://stockcharts $Pistol Pete$ 12/03/2015 12:41:52 AM
#311 Beijing Shiji HK has controlling interest in [co FIERCE 12/02/2015 06:28:41 PM
#310 Updated the $EFUT iBox FIERCE 12/02/2015 03:31:37 PM
#309 Average in around 8.5 to 9 where the sawtrader 12/02/2015 01:56:57 PM
#308 and now - 5 days in red knrorrel 12/02/2015 01:39:52 PM
#307 Just in the last 10 minutes $213,000 worth FIERCE 12/02/2015 11:48:55 AM
#306 Beijing Shiji first and only SEC filing, so FIERCE 12/02/2015 11:25:25 AM
#305 Charts say we are due for a green FIERCE 12/02/2015 08:22:15 AM
#304 Tomorrow will be green. I will put money no shorts 12/01/2015 07:43:00 PM
#303 Notice how they skipped 4 days before the FIERCE 12/01/2015 02:08:47 PM
#302 Yes... This chart shows http://stockcharts.com/c-sc/sc?s=efut&p=d&b=5&g=0 FIERCE 12/01/2015 01:47:16 PM
#301 I was thinking same thing, but hoping for FIERCE 12/01/2015 01:28:41 PM
#300 Last weeks chart and this weeks chart look no shorts 12/01/2015 01:10:14 PM
#299 Scaring out a great majority of retail shares FIERCE 12/01/2015 12:17:29 PM
#298 Indications of shorts covering here in $EFUT FIERCE 12/01/2015 10:48:16 AM
#297 Also... BIG "IF" here! If there is a FIERCE 12/01/2015 10:07:25 AM
#296 Green indeed! I have my GTC sell order FIERCE 12/01/2015 10:04:23 AM
#295 Lots of buys coming in. Going green no shorts 12/01/2015 09:48:32 AM
#294 Redemption is nigh :-) FIERCE 12/01/2015 09:45:59 AM
#292 I'm a hold on $EFUT for same reason. :) FIERCE 12/01/2015 09:15:38 AM
#291 Nice premarket buy. I'm holding this till we no shorts 12/01/2015 07:42:40 AM
#290 #33 BB knrorrel 12/01/2015 03:23:48 AM
#289 merger rumor ? Chart looks VERY STRONG and knrorrel 12/01/2015 03:22:50 AM
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