Amended Statement of Beneficial Ownership (sc 13d/a)
January 06 2020 - 10:21AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO
FILED PURSUANT TO
RULE 13d-2(a)
BAT GROUP, INC.
(Name of Issuer)
Common Stock, $0.001 Par Value
(Title of Class of Securities)
07039P104
(CUSIP Number)
With Copies To:
Yang An
Chief Financial Officer
Room 104, No. 33, Section D, No. 6 Middle
Xierqi Road,
Haidian District, Beijing
People’s Republic of China
+86 (010) 59441080
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Shuxiang Zhang
Floor 7 Building D, No.28 Chengfu Road,
Haidian District, Beijing, China
Telephone: + 86-(010) 5714-3812
December 22, 2019
(Date of Event Which Requires Filing of
This Statement)
If the filing person
has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
|
*
|
The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in
a prior cover page.
|
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section
18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
CUSIP No. 16891K103
|
SC13D
|
1
|
NAME
OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Shuxiang Zhang
ID No. 210403196305260979
|
|
2
|
CHECK
THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a)
☐
(b) ☐ Reporting person is affiliated with other persons
|
|
3
|
SEC
USE ONLY
|
4
|
SOURCE OF FUNDS
PF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
People’s
Republic of China
|
NUMBER OF
SHARES
BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
1,030,000
|
8
|
SHARED VOTING POWER
|
9
|
SOLE DISPOSITIVE POWER
1,030,000
|
10
|
SHARED DISPOSITIVE POWER
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,030,000
|
12
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.89%*
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
*
|
Percentage is calculated on the basis of 11,585,806 shares
of common stock outstanding as of December 26, 2019.
|
Item 1. Security and Issuer
The Statement on Schedule 13D originally
filed with the Securities and Exchange Commission (the “SEC”) by Mr. Shuxiang Zhang (the “Reporting
Person”) on February 8, 2018 and on November 15, 2019 (the “Schedule 13D”), is hereby amended and
supplemented to include the information set forth herein. This amended statement to the Schedule 13D constitutes Amendment No.
2 (this “Amendment”) to the Schedule 13D (the Schedule 13D, as amended by the Amendment, collectively, the “Statement”).
Capitalized terms not defined herein have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the
Schedule 13D is unmodified.
This Amendment relates to the common stock,
par value $0.001 of Bat Group, Inc. (the “Common Stock”), a company incorporated under the laws of the State
of Delaware, (the “Company” or the “Issuer”). The Company’s principal executive office
is located at Room 104, No. 33, Section D, No. 6 Middle Xierqi Road, Haidian District, Beijing People’s Republic of China.
Item 3. Source and the Amount of Funds
or Other Consideration.
Item 3 is hereby amended by adding the
following paragraph:
On December 22, 2019, the Reporting Person
acquired 520,135 shares of Common Stock (the “Shares”) in a private transaction for a per share purchase price
of $1.50 pursuant to certain stock purchase agreement (the “SPA”) dated December 22, 2019 by and between Zhiji
Xingmai Network Technologies Co., Ltd. (“Zhuji”) as representative of Zhuji Controlling Persons (defined below)
and the Reporting Person. Zhuji agreed to act as record holder of 1,253,914 shares of Common Stock of the Company on behalf of
Siwei Wang, Tao Sun, Guang Ma, Mei Chen and Zhirun Li (collectively “Zhuji Controlling Persons”) pursuant to
certain share entrustment agreement dated October 8, 2019. The SPA and the transaction contemplated therein were agreed by Zhuji
Controlling Persons.
The
source of funds for the purchase price is available funds of the Reporting Person and his affiliates. No part of the purchase
price was borrowed by any Reporting Person for the purpose of acquiring any securities discussed in this Item 3.
Item 4. Purpose of the Transaction.
Item 4 of the Statement is supplemented
and amended, as the case may be, as follows:
The Reporting
Person acquired the Shares for investment purposes in the belief that the Shares represents an attractive investment opportunity.
The Reporting Person intends to review his investment in the Issuer on a continuing basis. Representatives of the Reporting Person
may have discussions from time to time with the Issuer, other shareholders and third parties relating to the Issuer, strategic
alternatives that may be available to the Issuer and the Issuer’s business, operations, assets, capitalization, financial
condition, governance, management and future plans, including in respect of one or more of the actions described in subsections
(a) through (j) of Item 4 of Schedule 13D of the Act. There can be no assurance as to the outcome of any of the discussions
referred to in this Schedule 13D.
Depending on various
factors, including the Issuer’s financial position and strategic direction, the outcome of the discussions referenced above,
actions taken by the board of directors of the Issuer, price levels of the securities of the Issuer, other investment opportunities
available to the Reporting Person, the availability and cost of debt financing, the availability of potential business
combination and other strategic transactions, conditions in the capital markets and general economic and industry conditions, the
Reporting Person may in the future take such actions with respect to their investments in the Issuer as they deem appropriate,
including acquiring or disposing of securities of the Issuer, entering into financial instruments or other agreements which increase
or decrease the Reporting Person’s economic exposure with respect to their investments in the Issuer, engaging in any hedging
or similar transactions with respect to such holdings and/or otherwise changing their intention with respect to any and all matters
referred to in Item 4 of Schedule 13D of the Act.
Except as set forth in this Item 4
or Item 6 below, the Reporting Person has no present plans or proposals that relate to or that would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act.
Item 5. Interest in Securities of the
Issuer.
|
(a)
|
As of the date of this filing of Schedule 13D/A, there
are 11,585,806 shares of Common Stock outstanding, of which the Reporting Person owns 1,030,000 shares, representing 8.89% of
the outstanding shares of Common Stock
|
|
(b)
|
The responses to Items 7 - 13 of the cover pages of this
Schedule 13D are incorporated herein by reference.
|
|
(c)
|
Other than the acquisition of the shares as reported in
this Schedule 13D, no actions in the Common Stock were effected during the past sixty (60) days by the Reporting Persons.
|
Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to Securities of the Issuer.
Item 6 is hereby amended by adding the
following paragraph:
On December 22, 2019, the Reporting Person
acquired 520,135 shares of Common Stock in a private transaction for a per share purchase price of $1.50 pursuant to the SPA. The
SPA is filed as Exhibit 99.1 hereto.
Item 7. Material to Be Filed as Exhibits.
SIGNATURE
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and accurate.
Dated: January 6, 2020
|
By:
|
/s/ Shuxiang Zhang
|
|
Name: Shuxiang Zhang
|
4
TD (NASDAQ:GLG)
Historical Stock Chart
From Mar 2024 to Apr 2024
TD (NASDAQ:GLG)
Historical Stock Chart
From Apr 2023 to Apr 2024