UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 19, 2015
FIRST ASIA HOLDINGS LIMITED
(Exact name of registrant as specified in its charter)
Canada (State of Incorporation) | 000-30801 (Commission File No.) | N/A (IRS Employer Identification No.) |
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Suite 823-825, 8/F Ocean Center, Harbour City, 5 Canton Road Tsim Sha Tsui Kowloon, Hong Kong | ||
(Address of principal executive offices) | ||
Registrant’s Telephone Number, including area code: 852-31523168
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS
On October 19, 2015, Mr. Sun Cheuk Pak acquired a sixty percent (60%) controlling interest in each of six (6) separate entities which are existing shareholders of the Registrant. The entities in which Mr. Sun acquired a controlling interest together own an aggregate of 35,835,000 shares of the common stock of the Registrant. As a result of his acquisition of a controlling interest in these six (6) entities, Mr. Sun may be deemed to be the beneficial owner of the 35,835,000 shares of common stock of the Registrant owned by such entities, representing approximately 40.5% of the Registrant’s issued and outstanding common stock.
The shareholder entities in which Mr. Sun acquired a controlling interest, the number of shares of the Registrant owned by each such entity, and the corresponding beneficial ownership percentage in the Registrant represented by control of such entities are as follows:
Name of Shareholder | Share Ownership in Registrant | Beneficial Ownership Percentage |
First Asia Strategy Limited | 18,435,000 | 20.84% |
Huge Team Investments Limited | 13,000,000 | 14.70% |
Marmaduke Assets Management Limited | 1,100,000 | 1.24% |
Jennipher Investments Inc. | 1,100,000 | 1.24% |
Ganarow Investments Limited | 1,100,000 | 1.24% |
Top Bloom Investments Limited | 1,100,000 | 1.24% |
TOTALS | 35,835,000 | 40.5% |
The aggregate consideration paid by Mr. Sun for acquisition of a 60% controlling interest in each of the named shareholder entities was approximately US$5,000,000.
The transaction did not represent a change of control of Registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FIRST ASIA HOLDINGS LIMITED
Date: October 21, 2015
/s/Luk Lia Ching Kimmy
By: Ms Luk Lai Ching Kimmy, Director
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