Lau Wai Ming Amends Deswell Industries Stake

TL;DR

Lau Wai Ming updated their Deswell Industries filing on 6/12/24. Ownership change.

AI Summary

Lau Wai Ming has amended their Schedule 13D filing for Deswell Industries, Inc. on June 12, 2024. The filing indicates a change in beneficial ownership of the company's common shares. The specific details of the change in ownership, including the number of shares and percentage, are not fully detailed in the provided text but represent an amendment to a previous filing.

Why It Matters

This amendment signals a potential shift in control or significant shareholder interest in Deswell Industries, Inc., which could impact its stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• Lau Wai Ming (person) — Filing person
• Deswell Industries, Inc. (company) — Subject company
• Bodman PLC (company) — Authorized to receive notices

FAQ

Filing Documents

• ea0207644-13da1ming_deswell.htm (SC 13D/A) — 35KB
• 0001174947-24-000837.txt ( ) — 37KB

Security and Issuer

Item 1. Security and Issuer This statement on Schedule 13D relates to the Common Shares, no par value, of Deswell Industries, Inc., a limited liability International Business Company incorporated under the laws of the British Virgin Islands (the “Issuer”). The Issuer’s principal offices are located at 10B Edificio Associacao Industrial De Macau, 32 Rua do Comandante Mata e Oliveira, Macao.

Identity and Background

Item 2. Identity and Background (a)-(c) This statement is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) by Lau Wai Ming, whose principal business address is 10B Edificio Associacao Industrial De Macau, 32 Rua do Comandante Mata e Oliveira, Macao. Ms. Lau is the Chair of the Board of Directors of the Issuer. (d) Not applicable. (e) Not applicable. (f) Ms. Lau is a citizen of Hong Kong.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration Ms. Lau is the daughter of Richard Pui Hon Lau, the former Chairman of the Board of the Issuer. Mr. Lau passed away on June 12, 2023. Upon the settlement of his estate, Ms. Lau inherited all of the Common Shares beneficially owned by Mr. Lau. The shares reported on this Schedule 13D represent the shares that were previously beneficially owned by Mr. Lau; once shares previously held of record by Mr. Lau are transferred, an amendment to this Schedule 13D will be filed to reflect such transfer.

Purpose of Transaction

Item 4. Purpose of Transaction Ms. Lau holds the Common Shares covered by this Schedule 13D for investment purposes. Ms. Lau intends to review her investment in the Company on a continuing basis. Depending on the price and availability of the Company’s securities, developments affecting the Company, the business prospects of the Company, general stock market and economic conditions, tax considerations, investment considerations and/or other factors deemed relevant, Ms. Lau may consider increasing or decreasing her investment in the Company, through one or more open market purchases or private transactions. Ms. Lau beneficially owns the majority of the outstanding Common Shares of the Company. This will impede the acquisition of control by any other person, unless Ms. Lau elects to sell her Common Shares. Ms. Lau does not have any current plans or proposals that relate to or would result in any of the actions set forth in clauses (a) through (j) of Item 4 of Schedule 13D, other than the anticipated transfer of Common Shares previously held of record by Mr. Lau referenced above.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a)–(b) As of the date hereof Ms. Lau beneficially owns 8,220,806 Common Shares. Such holdings represent 51.6% of the Common Shares. Ms. Lau has sole power to vote and dispose of all Common Shares held of record by Ms. Lau as of the date hereof. CUSIP No. 250639 10 1 13D Page 4 of 5 (c) Ms. Lau has not purchased or sold any Common Shares of the Issuer in the past sixty days. This Schedule 13D is being filed to reflect the expiration of an option to purchase up to 200,000 Common Shares that Ms. Lau inherited from Mr. Lau. The option expired on June 12, 2024, in accordance with its terms. (d) Not applicable. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Not applicable.

Exhibits

Item 7. Exhibits . Not applicable. CUSIP No. 250639 10 1 13D Page 5 of 5 SIGNATURE After reasonable inquiry, and to the best of my knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. /s/ Lau Wai Ming Lau Wai Ming Date: June 12, 2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR