Filing Details

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

 

SICHUAN LEADERS PETROCHEMICAL COMPANY

(Name of Issuer)

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

825827108

(CUSIP NUMBER)

 

No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia

 

+6011-123456-33

(Name, Address and Telephone Number of Person Authorized

to Receive Notices and Communications)

 

November 3, 2017

(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box  ☐.

 

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.

 

 

 

SCHEDULE 13D

 

CUSIP NO. 825827108

 

1	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
	Yap Nee Seng
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)  ☐
	(b)  ☐
3	SEC USE ONLY
4	SOURCE OF FUNDS
	PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
	☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	Malaysia

NUMBER OF  SHARES BENEFICIALLY  OWNED BY  EACH  REPORTING PERSON	7	SOLE VOTING POWER
		40,000,020
	8	SHARED VOTING POWER
		None
	9	SOLE DISPOSITIVE POWER
		40,000,020
	10	SHARED DISPOSITIVE POWER
		None

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	40,000,020 shares
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	92.11%*
14	TYPE OF REPORTING PERSON
	IN

 

*	Based upon 43,425,000 shares of the Issuer’s common stock issued and outstanding as of November 13, 2017.

 

 

Item 1. Security and Issuer

 

This statement relates to the purchase by the Reporting Person of 40,000,020 Shares of the common stock, $.01 par value (the “Shares”), of Sichuan Leaders Petrochemical Company (the “Issuer”), having its principal executive offices at No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia.

 

Item 2. Identity and Background

 

(a) The reporting person for purposes of this statement is Yap Nee Seng (the “Reporting Person”).

 

(b) The business address of the Reporting Person is No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia.

 

(c) Yap Nee Seng, upon completion of purchase of the Shares of the Issuer, will be a director and executive officer of the Issuer. Yap Nee Seng also serves as Chief Executive Officer and Chairman of BBB Global Holding Limited. The business address of BBB Global Holding Limited is No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia.

 

(d) The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws.

 

(f) The citizenship of the Reporting Person is Malaysia.

 

Item 3. Source and Amount of Funds

 

The source of the funds, in the aggregate sum of $375,000, used by the Reporting Person to acquire the Shares to which this statement relates was personal funds.

 

 

Item 4. Purpose of Transaction

 

The Reporting Person purchased the Shares, constituting a controlling interest in the Issuer, with the intention of using the Issuer as a vehicle to acquire the business operations of a third party or to be acquired by an operating business entity (either, a “Business Transaction”).

 

(a) Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any plan or proposal which relates to or which would have the effect of any acquisition of additional, or disposition of any, securities of the Issuer.

 

(b) Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any plan or proposal which relates to or would result in an extraordinary transaction involving the Issuer or any subsidiary of the Issuer.

 

(c) Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any plan or proposal which relates to or would result in a sale or transfer of a material amount of the assets of the Issuer or any subsidiary of the Issuer.

 

(d) Immediately following purchase of the Shares, the Board of the Issuer appointed the Reporting Person as a Director of the Issuer and as President, Chief Executive Officer and Chairman of the Board of Directors of the Issuer, to serve until his successor is elected and qualified or upon his earlier death, resignation or removal pursuant to the Issuer’s by-laws.

 

(e) Except for the change of control which resulted from the purchase of the Shares by the Reporting Person and for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any further plan or proposal which relates to or would result in a material change in the Issuer’s present capitalization or dividend policy.

 

(f) Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any plan or proposal which relates to or would result in a material change in the business or corporate structure of the Issuer.

 

(g) Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any plan or proposal which relates to or would result in a change in the Issuer’s charter, by-laws or instruments corresponding thereto which may impede the acquisition of the Issuer by any person.

 

(h) The Reporting Person does not have any plan or proposal which relates to or would result in causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association.

 

(i) The Reporting Person does not have any plan or proposal which relates to or would result in a class of equity securities of the Issuer becoming eligible for termination or registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended.

 

 

(j) The Reporting Person does not have any plan or proposal which relates to or would result in any action similar to those described in paragraphs (a) through (i) above.

 

Item 5. Interest in Securities of the Issuer

 

(a) Following purchase of the Shares, the Reporting Person owns an aggregate of 40,000,020 shares of the Common Stock, constituting 92.11% of the issued and outstanding shares of the Issuer’s Common Stock based upon the 43,425,000 shares of Issuer’s Common Stock issued and outstanding as of November 15, 2017.

 

(b) The Reporting Person has sole power to vote or direct to vote of the Shares and the sole power to dispose or to direct the disposition of the Shares.

 

(c) The Reporting Person has not effected any transaction involving the Issuer’s securities within the sixty (60) preceding days.

 

(d) No other person has the right to receive or the right to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

The Reporting Person does not have any contract, arrangement, understanding or relationship with any person with respect to the Shares. As disclosed under Item 4(d) above, the Reporting Person was appointed a director of the Issuer and appointed as President, Chief executive officer and Chairman of the Board of Directors of the Issuer on October 31, 2017.

 

Item 7. Material to be filed as Exhibits

 

None

 

 

SIGNATURE

 

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.

 

November 15, 2017	/s/ Yap Nee Seng
	Yap Nee Seng

 

 

6