Statement of Ownership (sc 13g)
29 August 2017 - 6:16AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
Borqs
Technologies, Inc.
(Name
of Issuer)
Ordinary
Shares
(Title
of Class of Securities)
G1466B
103
(CUSIP
Number)
August
18, 2017
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
|
☐
|
Rule 13d-1(b)
|
|
þ
|
Rule 13d-1(c)
|
|
☐
|
Rule 13d-1(d)
|
*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 otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE
13G
CUSIP
No.
G1466B 103
|
|
Page
2
of
5
Pages
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Asset
Horizon International Limited
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
☐
(b)
☐
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
NUMBER
OF
|
5
|
SOLE
VOTING POWER
3,282,859(1)
|
SHARES
BENEFICIALLY
OWNED
|
6
|
SHARED
VOTING POWER
|
BY
EACH
REPORTING
|
7
|
SOLE
DISPOSITIVE POWER
3,282,859(1)
|
PERSON
WITH
|
8
|
SHARED
DISPOSITIVE POWER
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,282,859(1)
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.7%(1)
|
12
|
TYPE
OF REPORTING PERSON (See Instructions)
CO
|
|
|
|
|
(1)
|
Bik
Wah Fung is the sole director of Asset Horizon International Limited and is deemed to
have voting and dispositive control over shares held of record by Asset Horizon International
Limited.
|
SCHEDULE
13G
CUSIP
No.
G1466B 103
|
|
Page
3
of
5
Pages
|
Item
1.
|
(a)
|
Name of Issuer
:
Borqs Technologies, Inc.
|
|
(b)
|
Address
of Issuer’s Principal Executive Offices
:
|
Tower A, Building B23
Universal Business Park
No. 10 Jiuxiangqiao Road
Chaoyang District, Beijing 100015, China
Item
2.
|
(a)
|
Name
of Person Filing
:
|
Asset
Horizon International Limited
|
(b)
|
Address
of Principal Business Office
:
|
Flat
C, 8/F., Jonsim Place
228
Queen’s Road East
Hong
Kong
British
Virgin Islands
|
(d)
|
Title
of Class of Securities
:
|
Ordinary
Shares
G1466B
103
Item
3.
|
Statement
Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):
|
Not
applicable.
|
(a)
|
Amount beneficially owned
:
|
3,282,859
10.7%
SCHEDULE
13G
CUSIP
No.
G1466B 103
|
|
Page
4
of
5
Pages
|
|
(c)
|
Number of shares as to which the person has
:
|
|
(i)
|
Sole power to vote or to direct the vote:
|
3,282,859
|
|
(ii)
|
Shared power to vote or to direct the vote:
|
0
|
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
3,282,859
|
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
0
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
Not
applicable.
Item
6.
|
Ownership
of More Than Five Percent on Behalf of Another Person.
|
Not
applicable.
Item
7.
|
Identification
and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control
Person
|
Not
applicable.
Item
8.
|
Identification
and Classification of Members of the Group
|
Not
applicable.
Item
9.
|
Notice
of Dissolution of Group
|
Not
applicable.
Not
applicable.
SCHEDULE
13G
CUSIP
No.
G1466B 103
|
|
Page
5
of
5
Pages
|
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.
Dated:
August 26, 2017
|
By:
|
/s/ Bik Wah Fung
|
|
Name:
|
Bik Wah Fung,
Sole Director
|
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