Form SC 13G - Statement of acquisition of beneficial ownership by individuals
January 23 2024 - 4:39PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
VS MEDIA
HOLDINGS LIMITED
(Name of Issuer)
Class A Ordinary Shares, no par value
(Title of Class of Securities)
G9517U103
(CUSIP Number)
December 31, 2023
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
* |
The remainder of this cover page shall be filled out for a reporting persons 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. G9517U103
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1 |
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NAMES OF REPORTING PERSONS
Warner Bros. Discovery, Inc. |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☐ |
3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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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
0 |
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6 |
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SHARED VOTING POWER
1,640,743 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
1,640,743 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,640,743 |
10 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ |
11 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9) 8.2%(1) |
12 |
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TYPE OF REPORTING PERSON
(SEE INSTRUCTIONS) CO |
(1) |
Based on 20,000,000 shares of the Issuers Class A Ordinary Shares outstanding following the
completion of the Issuers initial public offering on October 2, 2023, as reported in the Issuers Form 424B4 filed with the Securities and Exchange Commission (the SEC) on September 29, 2023.
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CUSIP No. G9517U103
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1 |
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NAMES OF REPORTING PERSONS
Discovery Networks Asia-Pacific Pte. Ltd. |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☐ |
3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Singapore |
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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
0 |
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6 |
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SHARED VOTING POWER
1,640,743 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
1,640,743 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,640,743 |
10 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ |
11 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9) 8.2%(1) |
12 |
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TYPE OF REPORTING PERSON
(SEE INSTRUCTIONS) OO |
(1) |
Based on 20,000,000 shares of the Issuers Class A Ordinary Shares outstanding following the
completion of the Issuers initial public offering on October 2, 2023, as reported in the Issuers Form 424B4 filed with the SEC on September 29, 2023. |
Item 1.
VS Media Holdings Limited (the Issuer)
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(b) |
Address of Issuers Principal Executive Offices: |
6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong
Item 2.
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(a) |
Name of Person Filing: |
Warner Bros. Discovery, Inc. (WBD)
Discovery Networks Asia-Pacific Pte. Ltd. (Discovery Networks)
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(b) |
Address of Principal Business Office or, if none, Residence |
Warner Bros. Discovery, Inc. 230 Park Avenue South, New York, New York 10003
Discovery Networks Asia-Pacific Pte. Ltd. 21 Media Circle, #08-01 Infinite Studios, Singapore
138562
Warner Bros. Discovery, Inc. Delaware
Discovery Networks Asia-Pacific Pte. Ltd. Singapore
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(d) |
Title of Class of Securities: |
Class A Ordinary Shares, no par value
G9517U103
Item 3. |
If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: |
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(a) |
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
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(b) |
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
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(c) |
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
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(d) |
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
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(e) |
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An investment adviser in accordance with §240.13d-1(b) (1)(ii)(E); |
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(f) |
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b) (1)(ii)(F); |
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(g) |
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A parent holding company or control person in accordance with §240.13d-1(b) (1)(ii)(G); |
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(h) |
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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(j) |
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A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); |
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(k) |
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Group, in accordance with § 240.13d-1(b)(1)(ii)(K). |
Not applicable.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a) |
Amount beneficially owned: |
See the responses to Item 9 on the attached cover pages. Discovery Networks is the direct holder of 1,640,743 Class A
Ordinary Shares. Because Discovery Networks is an indirect wholly-owned subsidiary of WBD, WBD may be deemed to beneficially own the 1,640,743 Class A Ordinary Shares held directly by Discovery Networks and share voting
and investment power over such shares.
See the responses to Item 11 on the attached cover pages. The percentages reported in Item 11 of the attached cover pages are
based upon 20,000,000 shares of the Issuers Class A Ordinary Shares outstanding following the completion of the Issuers initial public offering on October 2, 2023.
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(c) |
Number of shares as to which the person has: |
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(i) |
Sole power to vote or to direct the vote: |
See the responses to Item 5 on the attached cover pages.
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(ii) |
Shared power to vote or to direct the vote: |
See the responses to Item 6 on the attached cover pages.
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(iii) |
Sole power to dispose or to direct the disposition: |
See the responses to Item 7 on the attached cover pages.
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(iv) |
Shared power to dispose or to direct the disposition: |
See the responses to Item 8 on the attached cover pages.
Item 5. |
Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following ☐:
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
Not applicable.
Signatures
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 correct.
Date: January 23, 2024
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Warner Bros. Discovery, Inc. |
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By: |
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/s/ Tara L. Smith |
Name: |
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Tara L. Smith |
Title: |
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Executive Vice President, Legal, Capital Markets and Corporate Secretary |
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Discovery Networks Asia-Pacific Pte. Ltd |
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By: |
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/s/ Tara L. Smith |
Name: |
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Tara L. Smith |
Title: |
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Attorney-in-Fact |
Exhibit 99.1
JOINT FILING AGREEMENT
The
undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned, that the undersigned is individually eligible to use the Schedule 13G to which this Exhibit is attached and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely
filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is inaccurate.
Date: January 23, 2024
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Warner Bros. Discovery, Inc. |
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By: |
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/s/ Tara L. Smith |
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Name: Tara L. Smith |
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Title: Executive Vice President, Legal,
Capital Markets and Corporate Secretary |
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Discovery Networks Asia-Pacific Pte. Ltd. |
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By: |
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/s/ Tara L. Smith |
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Name: Tara L. Smith Title: Attorney-in-Fact |
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