Amended Statement of Beneficial Ownership (sc 13d/a)
August 18 2016 - 3:08PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
CHINA
METRO-RURAL HOLDINGS LIMITED
(Name of Issuer)
Ordinary
shares, par value US$0.001 per share
(Title of Class of Securities)
G3163G104
(CUSIP Number)
Kind United Holdings Limited
Kindfar International Limited
Zagat International Limited
Willis Plus Limited
Cheng Chung Hing, Ricky
Leung Moon Lam
c/o
China Metro-Rural Holdings Limited
Suite 2204, 22/F, Sun Life Tower
The Gateway, 15 Canton Road
Tsimshatsui, Kowloon, Hong Kong
(852) 2111-3815
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 18, 2016
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-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
§ 13d-7
for other parties to whom copies are to be sent.
*
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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 disclosures provided in a prior cover page.
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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).
SC 13D/A
CUSIP No. G3163G104
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1.
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NAMES OF
REPORTING PERSONS
Kind United Holdings Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
British Virgin Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7.
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SOLE VOTING POWER
0
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8.
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SHARED VOTING POWER
0
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9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0%*
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14.
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TYPE OF REPORTING PERSON (see
instructions)
CO
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*
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As discussed herein, at the effective time of the Merger, the Ordinary Shares that may be deemed to be beneficially owned by Kind United were cancelled as Exchange Shares. Capitalized terms used, but not otherwise
defined, in this Amendment No. 8 to Schedule 13D have the meanings ascribed to them in Amendment No. 7 filed on June 8, 2016.
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2
SC 13D/A
CUSIP No. G3163G104
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1.
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NAMES OF
REPORTING PERSONS
Willis Plus Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
British Virgin Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7.
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SOLE VOTING POWER
0
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8.
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SHARED VOTING POWER
0
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9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0%*
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14.
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TYPE OF REPORTING PERSON (see
instructions)
CO
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*
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As discussed herein, at the effective time of the Merger, the obligation of the Issuer to issue Ordinary Shares upon the conversion of the 2017 Bonds or exercise of the Warrants was assumed by Investment such that no
Ordinary Shares would be issued to Willis Plus upon such conversion or exercise and no Ordinary Shares may be deemed to be beneficially owned by Willis Plus.
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3
SC 13D/A
CUSIP No. G3163G104
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1.
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NAMES OF
REPORTING PERSONS
Cheng Chung Hing, Ricky
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Hong Kong permanent resident
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7.
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SOLE VOTING POWER
0
|
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8.
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SHARED VOTING POWER
0
|
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9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0%*
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14.
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TYPE OF REPORTING PERSON (see
instructions)
IN
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*
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As discussed herein, at the effective time of the Merger, the obligation of the Issuer to issue Ordinary Shares upon the conversion of the 2016 Bonds, 2017 Bonds or the exercise of the Warrants was assumed by Investment
such that no Ordinary Shares would be issued to Willis Plus upon such conversion or exercise and no Ordinary Shares may be deemed to be beneficially owned by Willis Plus or Ricky. Further, at such effective time, any Ordinary Shares that may be
deemed to be beneficially owned by Ricky were cancelled as Exchange Shares.
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4
SC 13D/A
CUSIP No. G3163G104
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1.
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NAMES OF
REPORTING PERSONS
Leung Moon Lam
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Hong Kong permanent resident
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
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7.
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SOLE VOTING POWER
0
|
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8.
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SHARED VOTING POWER
0
|
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9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0%*
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14.
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TYPE OF REPORTING PERSON (see
instructions)
IN
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*
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As discussed herein, at the effective time of the Merger, the Ordinary Shares that may be deemed to be beneficially owned by Kind United and Mr. Leung were cancelled as Exchange Shares.
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5
SC 13D/A
CUSIP No. G3163G104
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1.
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NAMES OF
REPORTING PERSONS
Kindfar International Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
British Virgin Islands
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7.
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SOLE VOTING POWER
0
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8.
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SHARED VOTING POWER
0
|
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9.
|
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SOLE DISPOSITIVE POWER
0
|
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10.
|
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SHARED DISPOSITIVE POWER
0
|
11.
|
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
|
12.
|
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
¨
|
13.
|
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0%*
|
14.
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TYPE OF REPORTING PERSON (see
instructions)
CO
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*
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As discussed herein, at the effective time of the Merger, the Ordinary Shares that may be deemed to be beneficially owned by Kind United and Kindfar were cancelled as Exchange Shares.
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6
SC 13D/A
CUSIP No. G3163G104
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1.
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NAMES OF
REPORTING PERSONS
Zagat International Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
|
4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
|
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
British Virgin Islands
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
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7.
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SOLE VOTING POWER
0
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8.
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SHARED VOTING POWER
0
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9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
0
|
11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
|
12.
|
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
¨
|
13.
|
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0%*
|
14.
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TYPE OF REPORTING PERSON (see
instructions)
CO
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*
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As discussed herein, at the effective time of the Merger, the Ordinary Shares that may be deemed to be beneficially owned by Kind United and Zagat were cancelled as Exchange Shares.
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7
SC 13D/A
AMENDMENT NO. 8 TO SCHEDULE 13D
This Amendment No. 8 to Schedule 13D (the
Amendment
), relating to Ordinary Shares of China Metro-Rural Holdings Limited, a British
Virgin Islands limited liability company (the
Issuer
), amends and supplements the Schedule 13D originally filed on March 24, 2010 that was further amended:
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By Amendment No. 1 filed on August 4, 2011,
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By Amendment No. 2 filed on August 16, 2011,
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By Amendment No. 3 filed on August 15, 2012,
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By Amendment No. 4 filed on December 4, 2013,
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By Amendment No. 5 filed on March 25, 2014,
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By Amendment No. 6 filed on November 3, 2014, and
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By Amendment No. 7 filed on June 8, 2016 (
Amendment No. 7
).
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Pursuant to
Rule 13d-1(k)(1), this Amendment is being filed jointly by the following as separate persons and not as members of a group: Kind United, Willis Plus, Ricky, Mr. Leung, Kindfar and Zagat. Capitalized terms used, but not otherwise defined, in
this Amendment have the meanings ascribed to them in Amendment No. 7.
ITEM 3. Source and Amount of Funds or Other Consideration.
The disclosure under Item 4 of this Amendment is incorporated into Item 3 by reference. As discussed below, pursuant to the Merger Agreement (defined
below), each Ordinary Share was cancelled and converted into the right to receive the Merger Consideration other than Exchange Shares, Excluded Shares, Dissenting Shares and Preferred Shares. The approximate aggregate Merger Consideration was US$4.2
million and was funded by cash on hand of the Issuer.
ITEM 4. Purpose of Transaction.
As disclosed in Amendment No. 7, on June 8, 2016, an Agreement and Plan of Merger, as amended (the
Merger Agreement
), was entered
into by and among the Issuer, Investment and Merger Sub. On August 18, 2016, Kind United and Cafoong, together the
Majority Shareholder
, executed a written consent approving the Merger Agreement and the merger of Merger Sub
with and into the Issuer, with the Issuer continuing as the surviving company (the
Merger
).
On August 18, 2016, articles of
merger were filed with the BVI Registrar of Corporate Affairs and the Merger became effective. Upon effectiveness of the Merger:
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Investment owned 100% of the equity interests of the Issuer and the Issuer had no other shareholders,
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Each outstanding Ordinary Share was cancelled and converted into the right to receive the Merger Consideration,
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Each outstanding Exchange Share was cancelled, and converted into and exchanged for, one fully paid and non-assessable ordinary share of Investment,
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Each Excluded Share was cancelled,
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Each Dissenting Share was cancelled in exchange for the right to receive the fair value of such shares under section 179 of the BVI Business Companies Act, and
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Each Preferred Share was cancelled, and converted into and exchanged for, 31.91225 fully paid and non-assessable ordinary shares of Investment.
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8
SC 13D/A
Further, Investment assumed the 2016 Bonds, 2017 Bonds and Warrants which were outstanding as of the effective time of the Merger such that, among other
things, ordinary shares of Investment will be issued upon the conversion of the 2016 Bonds and 2017 Bonds and upon exercise of the Warrants, and no Ordinary Shares will be issued upon such conversion or exercise.
In addition, as a result of the Merger:
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The Ordinary Shares will not be listed on the NYSE MKT and no trading market will exist for these shares,
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The Issuer will have no public shareholders,
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The Issuer will be eligible to terminate, and intends to terminate, its Exchange Act reporting obligations, and
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The Memorandum and Articles of Association of Merger Sub became the Memorandum and Articles of Association of the Issuer subject to certain exceptions.
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ITEM 5. Interest in Securities of the Issuer.
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(a) and (b)
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Upon effectiveness of the Merger, the Issuer now has 100 shares outstanding all of which may be deemed to be beneficially held by
Investment.
Each of Kind United, Willis Plus, Ricky, Mr. Leung, Kindfar and
Zagat beneficially owns 0 Ordinary Shares, 0% of the class of Ordinary Shares and, therefore, has the power to vote or dispose of 0 Ordinary Shares.
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(c)
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The disclosure under Items 3 and 4 above is incorporated herein by reference.
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(d)
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None.
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(e)
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On August 18, 2016, each of Kind United, Willis Plus, Ricky, Mr. Leung, Kindfar and Zagat ceased to be deemed the beneficial owner of more than 5% of the class of Ordinary Shares.
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ITEM 7. Material to be Filed as Exhibits.
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Exhibit
Number
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Description
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Exhibit 1
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Joint Filing Agreement dated August 18, 2016 among Kind United, Willis Plus, Ricky, Mr. Leung, Kindfar and Zagat
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9
SC 13D/A
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.
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KIND UNITED HOLDINGS LIMITED
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By:
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/s/ Cheng Chung Hing, Ricky
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Name:
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Cheng Chung Hing, Ricky
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Title:
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Director
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Date:
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August 18, 2016
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KINDFAR INTERNATIONAL LIMITED
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By:
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/s/ Cheng Chung Hing, Ricky
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Name:
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Cheng Chung Hing, Ricky
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Title:
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Director
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Date:
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August 18, 2016
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ZAGAT INTERNATIONAL LIMITED
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By:
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/s/ Leung Moon Lam
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Name:
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Leung Moon Lam
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Title:
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Director
|
Date:
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August 18, 2016
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WILLIS PLUS LIMITED
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By:
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/s/ Cheng Chung Hing, Ricky
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Name:
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Cheng Chung Hing, Ricky
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Title:
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Director
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Date:
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August 18, 2016
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10
SC 13D/A
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CHENG CHUNG HING, RICKY
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/s/ Cheng Chung Hing, Ricky
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Date:
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August 18, 2016
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LEUNG MOON LAM
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/s/ Leung Moon Lam
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Date:
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August 18, 2016
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11
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