Lau Wai Ming Amends Deswell Industries Stake
Ticker: DSWL · Form: SC 13D/A · Filed: Jun 27, 2024 · CIK: 946936
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: DSWL
TL;DR
Ming updated his Deswell stake filing on 6/25. Big changes coming?
AI Summary
Lau Wai Ming has amended their Schedule 13D filing for Deswell Industries, Inc. on June 25, 2024. This amendment, the second to 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 of ownership, are not fully detailed in the provided text but are the subject of this amendment.
Why It Matters
Changes in beneficial ownership filings like this can signal shifts in control or significant investor sentiment towards a company, potentially impacting its stock price.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant stake changes by major investors, which can lead to increased volatility and potential strategic shifts for the company.
Key Players & Entities
- Lau Wai Ming (person) — Filing person making amendment
- Deswell Industries, Inc. (company) — Subject company
- Carrie Leahy Bodman PLC (company) — Person authorized to receive notices
FAQ
What specific change in beneficial ownership is reported in this Amendment No. 2 to Schedule 13D?
The filing states it is an 'AMENDMENT NO. 2 TO SCHEDULE 13D' and indicates a 'change in beneficial ownership' but the specific details of the change are not provided in the excerpt.
When was the event requiring this filing amendment?
The 'Date of Event which Requires Filing of this Statement' is June 25, 2024.
What is the CUSIP number for Deswell Industries, Inc. common shares?
The CUSIP number is 250639 10 1.
Who is authorized to receive notices and communications for this filing?
Carrie Leahy Bodman PLC, located at 201 S. Division, Suite 400, Ann Arbor, MI 48104, is authorized to receive notices and communications.
What is the filing date of this Schedule 13D/A?
The filing is dated June 27, 2024.
Filing Stats: 1,073 words · 4 min read · ~4 pages · Grade level 7.6 · Accepted 2024-06-27 16:11:57
Filing Documents
- ea0208552-13da2ming_deswell.htm (SC 13D/A) — 35KB
- 0001174947-24-000859.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 and filed a Schedule 13D on May 29, 2024 reflecting such ownership. This Schedule 13D amendment is being filed to reflect the transfer of shares previously held of record by Mr. Lau to Ms. Lau upon Mr. Lau’s death and the satisfaction of the transfer documentation requested by the transfer agent.
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.
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 9,841,851 Common Shares. Such holdings represent 61.8% 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 amendment is being filed to reflect the transfer of shares previously held of record by Mr. Lau to Ms. Lau upon Mr. Lau’s death and the satisfaction of the transfer documentation requested by the transfer agent. (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 27, 2024