Statement of Ownership (sc 13g)

Date : 02/26/2019 @ 10:17PM
Source : Edgar (US Regulatory)
Stock : Takung Art Co., Ltd. (TKAT)
Quote : 0.6  0.0 (0.00%) @ 9:00PM

Statement of Ownership (sc 13g)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

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)

 

December 8, 2018

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this is filed:

 

¨ Rule 13d-1(b)

 

x Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

* 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.

 

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

Page 2 of 10

 

             
  1   

NAMES OF REPORTING PERSONS

 

Tianjin Longshun Investment Group Company Limited

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   ¨         (b)   ¨

 

  3  

SEC USE ONLY

 

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    The People’s Republic of China

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   

SOLE VOTING POWER

 

    2,277,386 shares

 

  6  

SHARED VOTING POWER

 

    0 shares

 

  7  

SOLE DISPOSITIVE POWER

 

    2,277,386 shares

 

  8  

SHARED DISPOSITIVE POWER

 

    0 shares

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,277,386

 

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    N/A

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    20.29% 1

 

12  

TYPE OF REPORTING PERSON

 

    CO,OO

 

 

1   Beneficial ownership percentage is based upon (i) 11,226,025 shares of common stock issued and outstanding as of  November 14, 2018, as reported by Issuer in its Form 10-Q for the quarter ended September 30, 2018.

 

 

CUSIP NO. 87407Q207

Page 3 of 10

 

             
  1   

NAMES OF REPORTING PERSONS

 

Tianjin Shun Chao Real Estate Development Corporation Limited

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   ¨         (b)   ¨

 

  3  

SEC USE ONLY

 

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    The People’s Republic of China

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   

SOLE VOTING POWER

 

    0 shares

 

  6  

SHARED VOTING POWER

 

   2,277,386 shares

 

  7  

SOLE DISPOSITIVE POWER

 

    0 shares

 

  8  

SHARED DISPOSITIVE POWER

 

    2,277,386 shares

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,277,386

 

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    N/A

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    20.29% 2

 

12  

TYPE OF REPORTING PERSON

 

    CO,OO

 

 

1 Beneficial ownership percentage is based upon (i) 11,226,025 shares of common stock issued and outstanding as of  November 14, 2018, as reported by Issuer in its Form 10-Q for the quarter ended September 30, 2018. Tianjin Shun Chao Real Estate Development Corporation Limited owns 1.78% equity interest in Tianjin Longshun Investment Group Company Limited.

 

 

CUSIP NO. 87407Q207

Page 4 of 10

 

             
  1   

NAMES OF REPORTING PERSONS

 

Tianjin Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   ¨         (b)   ¨

 

  3  

SEC USE ONLY

 

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    The People’s Republic of China

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   

SOLE VOTING POWER

 

    0 shares

 

  6  

SHARED VOTING POWER

 

    2,277,386 shares

 

  7  

SOLE DISPOSITIVE POWER

 

    0 shares

 

  8  

SHARED DISPOSITIVE POWER

 

    2,277,386 shares

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,277,386

 

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    N/A

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    20.29% 2

 

12  

TYPE OF REPORTING PERSON

 

    CO,OO

 

 

1 Beneficial ownership percentage is based upon (i) 11,226,025 shares of common stock issued and outstanding as of  November 14, 2018, as reported by Issuer in its Form 10-Q for the quarter ended September 30, 2018. Tianjin  Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited owns 98.22% equity interest in Tianjin Longshun Investment Group Company Limited.

 

 

CUSIP NO. 87407Q207

Page 5 of 10

 

             
  1   

NAMES OF REPORTING PERSONS

 

Wenjiang Sun

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   ¨         (b)   ¨

 

  3  

SEC USE ONLY

 

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    The People’s Republic of China

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   

SOLE VOTING POWER

 

    0 shares

 

  6  

SHARED VOTING POWER

 

   2,277,386 shares

 

  7  

SOLE DISPOSITIVE POWER

 

    0 shares

 

  8  

SHARED DISPOSITIVE POWER

 

    2,277,386 shares

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,277,386

 

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    N/A

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    20.29% 2

 

12  

TYPE OF REPORTING PERSON

 

    IN,OO

 

 

1 Beneficial ownership percentage is based upon (i) 11,226,025 shares of common stock issued and outstanding as of  November 14, 2018, as reported by Issuer in its Form 10-Q for the quarter ended September 30, 2018. Tianjin Shun Chao Real Estate Development Corporation Limited is managed and controlled by Wenjiang Sun.

 

 

CUSIP NO. 87407Q207

Page 6 of 10

 

             
  1   

NAMES OF REPORTING PERSONS

 

Zhifa Zhao

 

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)   ¨         (b)   ¨

  

  3  

SEC USE ONLY

 

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    The People’s Republic of China

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   

SOLE VOTING POWER

 

    0 shares

 

  6  

SHARED VOTING POWER

 

   2,277,386 shares

 

  7  

SOLE DISPOSITIVE POWER

 

    0 shares

 

  8  

SHARED DISPOSITIVE POWER

 

    2,277,386 shares

 

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,277,386

 

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

    N/A

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    20.29% 2

 

12  

TYPE OF REPORTING PERSON

 

    IN,OO

 

     

1 Beneficial ownership percentage is based upon (i) 11,226,025 shares of common stock issued and outstanding as of  November 14, 2018, as reported by Issuer in its Form 10-Q for the quarter ended September 30, 2018. Tianjin  Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited is managed and controlled by Zhifa Zhao.

 

 

CUSIP NO. 87407Q207

Page 7 of 10

 

Item 1.

 

  a. Name   of   Issuer:

 

The name of the issuer is Takung Art Co., Ltd (“Issuer”)

 

  b. Address of Issuer’s Principal Executive Offices:

 

Flat/RM 03-04 20/F Hutchison House 10 Harcourt Road, Central, Hong Kong

Tel. Number: +852 3158 0977

Item 2.

 

  a. Name of Person Filing:

  b. Address of Principal Business Office:

  c. Citizenship:

 

Tianjin Longshun Investment Group Company Limited

Sha Zhuang Cun, Shuang Jie Zhen, Bei Chen Qu, Tianjin Shi

Citizenship: The People’s Republic of China

 

Tianjin Shun Chao Real Estate Development Corporation Limited

Sha Zhuang Cun, Shuang Jie Zhen, Bei Chen Qu, Tianjin Shi

Citizenship: The People’s Republic of China

 

Tianjin Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited

Sha Zhuang Cun, Shuang Jie Zhen, Bei Chen Qu, Tianjin Shi

Citizenship: The People’s Republic of China

 

Wenjiang Sun

Sha Zhuang Cun, Shuang Jie Zhen, Bei Chen Qu, Tianjin Shi

Citizenship: The People’s Republic of China

 

Zhifa Zhao

Sha Zhuang Cun, Shuang Jie Zhen, Bei Chen Qu, Tianjin Shi

Citizenship: The People’s Republic of China

 

  d. Title of Class of Securities:

 

Common Stock, $0.001 par value

 

e. CUSIP Number:

 

87407Q207

     

 

CUSIP NO. 87407Q207

Page 8 of 10

 

Item 3.

 

Not Applicable.

 

Item 4.

 

Ownership:

 

  a. Amount Beneficially Owned:

 

As of the close of business on December 18, 2018:

 

Tianjin Longshun Investment Group Company Limited, a corporation incorporated under the laws of the People’s Republic of China beneficially owned 2,277,386 shares of the Issuer’s common stock.

 

Tianjin Longshun Investment Group Company Limited has two shareholders, namely Tianjin Shun Chao Real Estate Development Corporation Limited (“Shun Chao”) and Tianjin Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited (“Shuang Jie”), holding 1.78% and 98.22% equity interests, respectively, in Tianjin Longshun Investment Group Company Limited . These two shareholders are corporations incorporated under the laws of the People’s Republic of China have sole investment and voting powers over the shares owned by Tianjin Longshun Investment Group Company Limited in the proportion of their respective shareholdings in Tianjin Longshun Investment Group Company Limited.

 

Shun Chao is managed and controlled Wenjiang Sun (“Sun”) and Shuang Jie is managed and controlled by Zhifa Zhao (“Zhao”), both natural Chinese citizens. Accordingly, Sun and Zhao may be deemed to have shared voting control and investment discretion over the shares owned by Shun Chao and Shuang Jie and consequently, the shares owned by Tianjin Longshun Investment Group Company Limited.

 

The foregoing should not be construed in and of itself as an admission by Shun Chao, Shuang Jie, Sun or Zhao as to beneficial ownership of the securities owned by Tianjin Longshun Investment Group Company Limited.

 

  b. Percent of Class:

 

As of the closing of business on December 18, 2018, Sun and Zhao may be deemed to have beneficially owned 2,277,386 shares or 20.29% of the 11,226,025 shares of common stock issued and outstanding of the Issuer’s Common stock as of December 18, 2018. The number of shares of the Issuer’s common stock issued and outstanding was determined based on 11,226,025 shares of common stock issued and outstanding as of November 14, 2018, as reported by Issuer in its Form 10-Q for the quarter ended September 30, 2018.

 

  c.  

 

Number of shares as to which Tianjin Longshun Investment Group Company Limited has:

 

(i) sole power to vote or to direct the vote of:  2,277,386  shares

  (ii) shared power to vote or to direct the vote of:  0   shares

  (iii) sole power to dispose or to direct the disposition of: 2,277,386  shares

  (iv) shared power to dispose or to direct the disposition of:  0   shares

 

Number of shares as to which Shun Chao has:

 

  (i) sole power to vote or to direct the vote of:  0   shares

  (ii) shared power to vote or to direct the vote of:  2,277,386 shares

  (iii) sole power to dispose or to direct the disposition of:  0 shares

  (iv) shared power to dispose or to direct the disposition of: 2,277,386 shares

 

Number of shares as to which Shuang Jie has:

 

  (i) sole power to vote or to direct the vote of:  0   shares

  (ii) shared power to vote or to direct the vote of:  2,277,386 shares

  (iii) sole power to dispose or to direct the disposition of:  0   shares

  (iv) shared power to dispose or to direct the disposition of: 2,277,386   shares

 

 

CUSIP NO. 87407Q207

Page 9 of 10

 

Number of shares as to which Sun has:

 

  (i) sole power to vote or to direct the vote of:  0   shares

  (ii) shared power to vote or to direct the vote of: 2,277,386 shares

  (iii) sole power to dispose or to direct the disposition of:  0   shares

(iv) shared power to dispose or to direct the disposition of:  2,277,386   shares

  

Number   of shares as to which Zhao has:

          

  (i) sole power to vote or to direct the vote of:  0   shares

  (ii) shared power to vote or to direct the vote of: 2,277,386 shares

  (iii) sole power to dispose or to direct the disposition of:  0   shares

  (iv) shared power to dispose or to direct the disposition of:  2,277,386   shares

 

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 : Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of the Issuer. No one other person’s interest in the common stock of the Issuer is more than five percent of the total outstanding common stock.

 

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

Page 10 of 10

 

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: February 26, 2019

 

Tianjin Longshun Investment Group Company Limited

 

By: /s/ Zhipan Zhao  
Its: Legal Representative  

 

Tianjin Shun Chao Real Estate Development Corporation Limited

 

By: /s/ Wenjiang Sun  
Its: Legal Representative  

 

Tianjin Shi Bei Chen Qu Shuang Jie Zhen Sha Zhuang Nong Industrial and Commercial Corporation Limited

 

By: /s/ Zhifa Zhao  
Its: Legal Representative  

 

/s/ Wenjiang Sun  
Wenjiang Sun  
   
/s/ Zhifa Zhao  
Zhifa Zhao  

 

 

 

 

Takung Art Co., Ltd. (AMEX:TKAT)
Historical Stock Chart

1 Year : From Jul 2018 to Jul 2019

Click Here for more Takung Art Co., Ltd. Charts.

Takung Art Co., Ltd. (AMEX:TKAT)
Intraday Stock Chart

Today : Wednesday 17 July 2019

Click Here for more Takung Art Co., Ltd. Charts.

Latest TKAT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.