CUSIP No. |
629865 205 |
1 | NAME OF REPORTING PERSON MING KOWN KOO and SUI SIN CHO (Husband and Wife) S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON None |
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2 | CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP N/A |
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(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS N/A | ||||||||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Canadian | |||||||||||
7 | SOLE VOTING POWER: | ||||||||||
NUMBER OF | None | ||||||||||
SHARES | 8 | SHARED VOTING POWER: | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 5,287,786(1) | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER: | |||||||||
REPORTING | |||||||||||
PERSON | None | ||||||||||
WITH | 10 | SHARES DISPOSITIVE POWER: | |||||||||
5,287,786(1) | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
5,287,786 | |||||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
11.8%(1) | |||||||||||
14 | TYPE OF REPORTING PERSON | ||||||||||
IN |
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(a) | This statement is being filed by Mr. Ming Kown Koo (Mr. Koo) and Mrs. Sui Sin Cho (Mrs. Koo), husband and wife (collectively Mr. and Mrs. Koo), each an individual. |
(b) | Mr. and Mrs. Koos address is Flat A, 6/F, House 1, No. 1 Plantation Road, The Peak, Hong Kong. | |
(c) | Mr. Koo is the Non-Executive Chairman on the Board of the Company. Mrs. Koo is a homemaker. |
(d) | During the past five years neither Mr. nor Mrs. Koo has been convicted in a criminal proceeding or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which he or she is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, US federal or state securities laws of finding any violation with respect to such laws. |
(e) | Each of Mr. and Mrs. Koo is a Canadian citizen. |
(a) | At August 28, 2008, as a result of their open market sales of the Company under Rule 144 of the Securities Act of 1933 through Westpark Capital, Inc., Mr. and Mrs. Koo beneficially owned 5,287,786 Common Shares of the Company, including 30,000 shares underlying unexercised stock options, representing, beneficial ownership of approximately 11.8 percent of the Common Shares of the Company outstanding at April 23, 2008, the latest date as of which the Company reported the number of its outstanding Common Shares in a report filed with or furnished to the United States Securities and Exchange Commission. The percentage ownership was calculated in accordance with Rule 13d (1)(i) under the Securities Exchange Act of 1934. |
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(b) | Mr. and Mrs. Koo have shared voting and investment power over the Common Shares referred to in paragraph (a). |
(c) | The following table sets forth details of sales of Common Shares of the Company made by Mr. and Mrs. Koo during the last sixty days, all of which were made by open market sales under Rule 144 of the Securities Act of 1933 through Westpark Capital, Inc.: |
Number | ||||||||||||||||||||
of | Price | |||||||||||||||||||
shares | per | Gross | ||||||||||||||||||
Date | sold | share | Proceeds | Commission | Net proceeds | |||||||||||||||
8/27/2008 |
145,000 | $ | 9.4246 | $ | 1,366,567.00 | $ | 27,300.00 | $ | 1,339,221.34 | |||||||||||
8/26/2008 |
48,000 | 9.4472 | 453,465.60 | 9,050.00 | 444,375.06 | |||||||||||||||
8/25/2008 |
51,541 | 9.7348 | 501,741.33 | 10,000.00 | 491,700.52 | |||||||||||||||
8/22/2008 |
60,459 | 9.7964 | 592,280.55 | 11,800.00 | 580,439.23 | |||||||||||||||
8/21/2008 |
90,000 | 9.8459 | 886,131.00 | 17,720.00 | 868,368.03 | |||||||||||||||
8/20/2008 |
53,000 | 10.3589 | 549,021.70 | 10,980.00 | 538,000.62 | |||||||||||||||
448,000 | $ | 4,349,207.17 | $ | 86,850.00 | $ | 4,262,104.80 | ||||||||||||||
(d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares. |
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/s/ Ming Kown Koo | ||||
Ming Kown Koo (Mr. Koo) |
/s/ Sui Sin Cho | ||||
Sui Sin Cho (Mrs. Koo) | ||||
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