Amended Statement of Beneficial Ownership (sc 13d/a)
13 2월 2021 - 7:39AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D/A
Under
the Securities Exchange Act of 1934
(Amendment
No. 1)*
Indonesia
Energy Corporation Limited
(Name
of Issuer)
Common
Stock, $0.00267 par value
(Title
of Class of Securities)
G4760X
102
(CUSIP
Number)
C/O
James Huang
Dea
Tower I, 11th Floor, Suite 1103
JL
Mega Kuningan Barat Kav. E4.3 No. 1-2
Jakarta
12950, Indonesia
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
January
15, 2021
(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 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
section 240.13d-7 for other parties to whom copies are to be sent.
*
The remainder of this cover page shall be filled out for a reporting person’s 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.
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 other subject to the liabilities of that section of Act but shall
be subject to all other provisions of the Act (however, see the Notes).
CUSIP
No. G4760X 102
|
1
|
Names
of Reporting Person.
HFO
Investment Group Limited
|
|
2
|
Check
the Appropriate Box if a Member of a Group
(a)
[ ]
(b)
[ ]
|
|
3
|
SEC
Use Only
|
|
4
|
Source
of Funds (See Instructions)
WC
|
|
5
|
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ]
|
|
6
|
Citizenship
or Place of Organization
British
Virgin Islands
|
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
7
|
Sole
Voting Power
647,778
|
|
8
|
Shared
Voting Power (see Item 5 below)
0
|
|
9
|
Sole
Dispositive Power
647,778
(1)
|
|
10
|
Shared
Dispositive Power (see Item 5 below)
0
|
|
11
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
647,778
|
|
12
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
|
|
13
|
Percent
of Class Represented by Amount in Row (11)
8.74%
(2)
|
|
14
|
Type
of Reporting Person
OO
|
CUSIP
No. G4760X 102
|
1
|
Names
of Reporting Person.
Wan-Yu
Huang
|
|
2
|
Check
the Appropriate Box if a Member of a Group
(a)
[ ]
(b)
[ ]
|
|
3
|
SEC
Use Only
|
|
4
|
Source
of Funds (See Instructions)
PF
|
|
5
|
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ]
|
|
6
|
Citizenship
or Place of Organization
Taiwan
|
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
7
|
Sole
Voting Power
647,778
(1)
|
|
8
|
Shared
Voting Power (see Item 5 below)
0
|
|
9
|
Sole
Dispositive Power
647,778
(1)
|
|
10
|
Shared
Dispositive Power (see Item 5 below)
0
|
|
11
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
647,778
|
|
12
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
|
|
13
|
Percent
of Class Represented by Amount in Row (11)
8.74%
(2)
|
|
14
|
Type
of Reporting Person
IN
|
|
|
(1)
|
Represents
647,778 shares held by HFO Investment Group Limited (“HFO”). Wan-Yu Huang, the adult sister of James J. Huang,
the Chief Investment Officer, has voting and dispositive control over the shares held by HFO.
|
|
|
|
|
|
|
(2)
|
Based
on a total of 7,407,955 Ordinary Shares issued and outstanding as of November 16, 2020 as reported by the Issuer in its current
report on Form 6-K, filed by the Issuer with the SEC on December 23, 2020.
|
Explanatory
Note
This
Amendment No. 1 (“Amendment No. 1”) amends and supplements the statement on Schedule 13D originally filed by the Reporting
Persons on December 31, 2019 (as amended from time to time, the “Schedule 13D”). Except as specifically provided herein,
this Amendment No.1 does not modify any of the information previously reported on the Schedule 13D. Unless otherwise indicated,
each capitalized term used but not defined in this Amendment No. 1 shall have the meaning assigned to such term in the Schedule
13D. The number of shares in this Amendment No. 1 reflects a sale of shares by the Reporting Persons in January 2021.
|
Item
1.
|
Security
and Issuer
|
This
statement on Schedule 13D (the “Schedule 13D”) relates to the ordinary shares, $0.00267 par value (“Ordinary
Shares”)
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Issuer:
|
Indonesia
Energy Corporation Limited (“Issuer”)
|
|
|
c/o James J. Huang
|
|
|
Dea Tower I, 11th Floor, Suite 1103
|
|
|
Jl. Mega Kuningan Barat Kav. E4.3 No. 1-2
|
|
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Jakarta 12950, Indonesia
|
|
Item
2.
|
Identity
and Background
|
Item
2 of the Schedule 13D is hereby amended and supplemented as follows:
HFO
Investment Group Limited, a British Virgin Islands company (“HFO”), which is the holder of record of approximately
8.74% of the issued and outstanding Ordinary Shares as of November 16, 2020, as reported by the issuer in its Form 6-K filed by
the Issuer with the Securities and Exchange Commission (the “Commission”) on December 23, 2020; and Wan Yu-Huang,
who is the director of HFO and has voting and dispositive control over the shares held by HFO.
|
Item
3.
|
Source
and Amount of Funds or Other Consideration.
|
Item
3 of the Schedule 13D is hereby amended and supplemented as follows:
On
January 14, 2021, pursuant to a share purchase agreement by and among Chien-Chia Chiu and HFO (the “Chien-Chia Chiu Share
Purchase Agreement”), HFO sold an aggregate of 60,000 Ordinary Shares to Chien-Chia Chiu for an aggregate price of $360,000,
or $6.00 per Ordinary Share (the transaction, the “Chien-Chia Chiu Share Purchase”).
On
January 15, 2021, pursuant to a share exchange agreement by and among Chien-Ta Chiu and HFO (the “Chien-Ta Chiu Share Purchase
Agreement,” together with the Chien-Chia Chiu Share Purchase Agreement, the “Share Purchase Agreements”), HFO
sold an aggregate of 70,000 Ordinary Shares to Chien-Ta Chiu for an aggregate price of $420,000, or $6.00 per Ordinary Share (the
transaction, the “Chien-Chia Chiu Share Purchase,” together with the Chien-Chia Chiu Share Purchase, the “Chiu
Share Purchases”).
As
a result of the consummation of the Chiu Share Purchases, HFO transferred approximately 1.75% of the Ordinary Shares of the Issuer,
which decreased the percentage of its holding of the Ordinary Shares from 10.56% to 8.74%.
|
Item
4.
|
Purpose
of the Transaction
|
Item
4 of the Schedule 13D is hereby amended and supplemented as follows:
The
Chiu Share Purchases were undertaken by HFO for investment purposes only.
The
description of the Share Purchase Agreements is qualified in its entirety by reference to the full text of such agreement, a copy
of which are filed herewith as Exhibit 99.1 and Exhibit 99.2, respectively. Other than as described in this Schedule 13D, to the
best of the Reporting Persons’ knowledge, there are no other contracts, arrangements, understandings or relationships (legal
or otherwise) between the Reporting person and any person with respect to any securities of the Issuer.
The Reporting Persons
currently have no plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities
of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization
or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Issuer, including any
plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board except as may be required
for the Issuer to comply with exchange listing requirements with respect to the number of independent directors; (e) any material
change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer’s business
or corporate structure; (g) any changes in the Issuer’s charter or by-laws or other actions which may impede the acquisition
or control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities
exchange or cease to be authorized to be quoted in an interdealer quotation system of a registered national securities association;
(i) causing a class of equity securities of the Issuer to become eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to those enumerated above.
|
Item
5.
|
Interest
in Securities of the Issuer
|
Item
5 of the Schedule 13D is hereby amended and restated in its entirety to read as follows:
(a)-(b)
The aggregate number and percentage of Ordinary Shares beneficially owned by the Reporting Persons (on the basis of a total of
7,407,955 Ordinary Shares issued and outstanding as of November 16, 2020, are as follows:
|
Wan
Yu-Huang
|
|
a)
|
|
Amount
beneficially owned: 647,778
|
|
Percentage:
8.74%
|
|
b)
|
|
Number
of shares to which the Reporting Person has:
|
|
|
|
|
i.
|
Sole
power to vote or to direct the vote:
|
|
647,778
|
|
|
ii.
|
Shared
power to vote or to direct the vote:
|
|
0
|
|
|
iii.
|
Sole
power to dispose or to direct the disposition of:
|
|
647,778
|
|
|
iv.
|
Shared
power to dispose or to direct the disposition of:
|
|
0
|
|
HFO
Investment Group Limited
|
|
a)
|
|
Amount
beneficially owned: 647,778
|
|
Percentage:
8.74%
|
|
b)
|
|
Number
of shares to which the Reporting Person has:
|
|
|
|
|
i.
|
Sole
power to vote or to direct the vote:
|
|
647,778
|
|
|
ii.
|
Shared
power to vote or to direct the vote:
|
|
0
|
|
|
iii.
|
Sole
power to dispose or to direct the disposition of:
|
|
647,778
|
|
|
iv.
|
Shared
power to dispose or to direct the disposition of:
|
|
0
|
Wan
Yu-Huang is the Director of HFO.
(c)
None of the Reporting Persons has effected any transactions of the Issuer’s Ordinary Shares during the 60 days preceding
the date of this report, except as described in Item 6 of this Schedule 13D which information is incorporated herein by reference.
(d)
Not applicable.
(e)
Not applicable.
|
Item
6.
|
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
|
Item
6 of the Schedule 13D is hereby amended and supplemented as follows:
The
Reporting Persons’ response to Item 4 is incorporated by reference into this Item 6.
|
Item
7.
|
Material
to be Filed as Exhibits
|
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.
|
Date:
February 12, 2021
|
HFO
Investment Group Limited
|
|
|
|
|
|
|
By:
|
/s/
Wan Yu-Huang
|
|
|
Name:
|
Wan Yu-Huang
|
|
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Title:
|
Director
|
|
|
|
|
|
|
|
|
|
Date:
February 12, 2021
|
|
/s/
Wan Yu-Huang
|
|
|
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Wan
Yu-Huang
|
Indonesia Energy (AMEX:INDO)
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부터 11월(11) 2024 으로 12월(12) 2024
Indonesia Energy (AMEX:INDO)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
