Amended Statement of Ownership (sc 13g/a)
January 22 2020 - 4:38PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13G/A
(Amendment No. 2)
Under the Securities
and Exchange Act of 1934
Takung Art Co.,
Ltd
(Name of Issuer)
Common Stock,
$0.001 par value
(Title of Class
of Securities)
87407Q207
(CUSIP Number)
January 15,
2020
(Date of Event
Which Requires Filing of this Statement)
Check the appropriate
box to designate the rule pursuant to which this is filed:
*
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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 the disclosures provided in a prior cover page.
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The information
required in 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).
CUSIP NO. 87407Q207
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Page 2 of 5
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1
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NAMES OF REPORTING PERSONS
Hiu Ngai Ma
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(a) ☐ (b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
The People’s
Republic of China
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
2,216,907 shares
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6
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SHARED VOTING POWER
0 shares
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7
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SOLE DISPOSITIVE POWER
2,216,907 shares
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8
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SHARED DISPOSITIVE POWER
0 shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,216,907
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES
N/A
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
19.70%1
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12
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TYPE OF REPORTING PERSON
CO,OO
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1
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Beneficial ownership percentage is based upon 11,255,129 shares of common stock issued and outstanding as of January 15, 2020.
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CUSIP NO. 87407Q207
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Page 3 of 5
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Item 1.
The name of the issuer is
Takung Art Co., Ltd (“Issuer”)
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b.
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Address of Issuer’s Principal Executive Offices:
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Room 1105, Wing On Plaza,
62 Mody Road,
Tsim Sha Tsui,
Kowloon, Hong Kong
Tel. Number: +852 3158 0977
Item 2.
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a.
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Name of Person Filing:
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b.
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Address of Principal Business Office:
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Hiu Ngai Ma
2A, Block H3, Chi Fu Fa Yuen
Pok Fu Lam,
Hong Kong SAR
Citizenship: Hong Kong SAR
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d.
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Title of Class of Securities:
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Common Stock, $0.001 par value
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e.
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CUSIP Number:
87407Q207
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Item 3.
Not Applicable.
Item 4.
Ownership:
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a.
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Amount Beneficially Owned:
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As of the close of business on January 15, 2020:
Hiu Ngai Ma beneficially owned 2,216,907 shares of the Issuer’s
common stock.
CUSIP NO. 87407Q207
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Page 4 of 5
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As of the close of business on January 15, 2020, Hiu Ngai Ma beneficially owned 2,216,907 shares of the Issuer’s common stock,
or 19.70% of the Issuer’s 11,255,129 issued and outstanding shares of common stock. The number of shares of the Issuer’s
common stock issued and outstanding was determined based on 11,255,129 shares of common stock issued and outstanding as of January
15, 2020, as reported by the Issuer’s transfer agent.
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Number
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of shares as to which Hiu Ngai Ma has:
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(i)
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sole power to vote or to direct the vote of: 2,216,907 shares
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(ii)
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shared power to vote or to direct the vote of: 0 shares
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(iii)
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sole power to dispose or to direct the disposition of: 2,216,907 shares
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(iv)
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shared power to dispose or to direct the disposition of: 0 shares
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Item 5
Ownership of Five Percent or Less
of Class: Not Applicable.
Item 6
Ownership of More than Five Percent
on Behalf of another Person: Not Applicable.
Item 7
Identification and Classification
of the Subsidiary which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: Not Applicable
Item 8
Identification and Classification
of Members of the Group: Not Applicable
Item 9
Notice of Dissolution of Group:
Not Applicable
Item 10
Certification:
By signing below each of the undersigned
certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities
solely in connection with a nomination under §240.14a-11.
CUSIP NO. 87407Q207
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Page 5 of 5
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SIGNATURE
After reasonable inquiry and to the
best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement
is true, complete and correct.
Dated: January 21, 2020
/s/
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Hiu Ngai Ma
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Hiu Ngai Ma
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