Sec Form 13G Filing - Melco International Development LTD filing for STUDIO CITY INTL HLDGS LTD (MSC) - 2023-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 2)

 

 

Studio City International Holdings Limited

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

86389T106

(CUSIP Number)

December 31, 2022

(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)

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 the disclosures provided in a prior cover page.

The information required in 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).

 

 

 


CUSIP No. 86389T106    Schedule 13G    Page 2 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  MCO Cotai Investments Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  CITIZEN OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  462,348,304

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  462,348,304

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  462,348,304

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  Not Applicable

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  60.0%

12  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 86389T106    Schedule 13G    Page 3 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  MCO Holdings Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  CITIZEN OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  462,348,304

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  462,348,304

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  462,348,304

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  Not Applicable

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  60.0%

12  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 86389T106    Schedule 13G    Page 4 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Melco Resorts & Entertainment Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

&#x A0;

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  CITIZEN OR PLACE OF ORGANIZATION

 

  Cayman Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  462,348,304

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  462,348,304

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  462,348,304

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  Not Applicable

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  60.0%

12  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 86389T106    Schedule 13G    Page 5 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Melco Leisure and Entertainment Group Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  CITIZEN OR PLACE OF ORGANIZATION

 

  British Virgin Islands

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  462,348,304

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  462,348,304

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  462,348,304

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  Not Applicable

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  60.0%

12  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 86389T106    Schedule 13G    Page 6 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Melco International Development Limited

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  CITIZEN OR PLACE OF ORGANIZATION

 

  Hong Kong

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  463,095,592

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  463,095,592

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  463,095,592

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  Not Applicable

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  60.1%

12  

  TYPE OF REPORTING PERSON

 

  CO


CUSIP No. 86389T106    Schedule 13G    Page 7 of 12

 

  1    

  NAMES OF REPORTING PERSONS

 

  Ho, Lawrence Yau Lung

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  (a)  ☐        (b)  ☐

  3  

  SEC USE ONLY

 

  4  

  CITIZEN OR PLACE OF ORGANIZATION

 

  Canada

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  0

   6  

  SHARED VOTING POWER

 

  463,095,592

   7  

  SOLE DISPOSITIVE POWER

 

  0

   8  

  SHARED DISPOSITIVE POWER

 

  463,095,592

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  463,095,592

10  

  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  Not Applicable

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  60.1%

12  

  TYPE OF REPORTING PERSON

 

  IN


CUSIP No. 86389T106    Schedule 13G    Page 8 of 12

 

ITEM 1. (a) Name of Issuer:

Studio City International Holdings Limited (the “Issuer”)

(b) Address of Issuer’s Principal Executive Offices:

71 Robinson Road

#04-03

Singapore 068895

and

38/F, The Centrium

60 Wyndham Street

Hong Kong

ITEM 2. (a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

MCO Cotai Investments Limited (“MCO Cotai” and formerly known as MCE Cotai Investments Limited)

MCO Holdings Limited (“MCO Holdings”)

Melco Resorts & Entertainment Limited (“Melco Resorts”)

Melco Leisure and Entertainment Group Limited (“Melco Leisure”)

Melco International Development Limited (“Melco International”)

Ho, Lawrence Yau Lung (“Mr. Ho”)

(b) Address or Principal Business Office:

The address or principal business office of each of the Reporting Persons is as follows:

For MCO Cotai: Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, KY1-9005, Cayman Islands

For MCO Holdings: Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, KY1-9005, Cayman Islands

For Melco Resorts: 71 Robinson Road, #04-03, Singapore 068895 and 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong

For Melco Leisure: c/o 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong

For Mr. Ho and Melco International: 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong.

(c) Citizenship of each Reporting Person is:

MCO Cotai, MCO Holdings and Melco Resorts are each organized under the laws of the Cayman Islands. Melco Leisure is organized under the laws of the British Virgin Islands. Melco International is a Hong Kong-listed company. Mr. Ho is a citizen of Canada.


CUSIP No. 86389T106    Schedule 13G    Page 9 of 12

 

(d) Title of Class of Securities:

Class A Ordinary Shares (the “SC Class A Shares”)

(e) CUSIP Number:

86389T106

ITEM 3.

Not applicable.


CUSIP No. 86389T106    Schedule 13G    Page 10 of 12

 

ITEM 4. Ownership

Ownership (a-c)

The following sets forth, as of December 31, 2022, the aggregate number and percentage of SC Class A Shares beneficially owned by the Reporting Persons, as well as the number of SC Class A Shares as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, as of December 31, 2022, based on 770,352,700 SC Class A Shares outstanding as of such date.

 

Reporting Person

   Amount
beneficially
owned
     Percent
of class
    Sole power
to vote or
to direct
the vote
     Shared
power to
vote or to
direct the vote
     Sole
power to
dispose or
to direct
the
disposition
     Shared
power to
dispose or to
direct the
disposition
 

MCO Cotai Investments Limited

     462,348,304        60.0     0        462,348,304        0        462,348,304  

MCO Holdings Limited

     462,348,304        60.0     0        462,348,304        0        462,348,304  

Melco Resorts & Entertainment Limited

     462,348,304        60.0     0        462,348,304        0        462,348,304  

Melco Leisure and Entertainment Group Limited

     462,348,304        60.0     0        462,348,304        0        462,348,304  

Melco International Development Limited

     463,095,592        60.1     0        463,095,592    &# xA0;   0        463,095,592  

Ho, Lawrence Yau Lung

     463,095,592        60.1     0        463,095,592        0        463,095,592  

MCO Cotai is the holder of 401,028,304 SC Class A Shares and 15,330,000 ADSs representing 61,320,000 SC Class A Shares. Melco International is the holder of 747,288 SC Class A Shares, among which include 118 ADSs (representing 472 SC Class A Shares) held by an agent on its behalf. MCO Cotai acquired 220,075,176 SC Class A Shares pursuant to a subscription agreement it entered into with Studio City International Holdings Limited (“Studio City”) in connection with the series of private placement offers of SC Class A Shares as announced by Studio City in February 2022.

Mr. Ho is the majority shareholder of Melco International, which is the sole shareholder of Melco Leisure, which is the majority shareholder of Melco Resorts, a publicly-traded company whose American Depositary Shares are listed on the Nasdaq Global Select Market. Melco Resorts is the sole shareholder of MCO Holdings, which is the sole shareholder of MCO Cotai. Therefore, each of the foregoing entities and individuals may be deemed to share voting and investment power over the SC Class A Shares and ADSs held of record by MCO Cotai and Melco International.

ITEM 5. Ownership of Five Percent or Less of a Class

Not applicable.


CUSIP No. 86389T106    Schedule 13G    Page 11 of 12

 

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

ITEM 8. Identification and Classification of Members of the Group

Not applicable.

ITEM 9. Notice of Dissolution of Group

Not applicable.

ITEM 10. Certification

Not applicable.


CUSIP No. 86389T106    Schedule 13G    Page 12 of 12

 

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 14, 2023

 

MCO COTAI INVESTMENTS LIMITED
By:   /s/ Ho, Lawrence Yau Lung
Name:   Ho, Lawrence Yau Lung
Title:   Authorized Signatory
MCO HOLDINGS LIMITED
By:   /s/ Ho, Lawrence Yau Lung
Name:   Ho, Lawrence Yau Lung
Title:   Authorized Signatory
MELCO RESORTS & ENTERTAINMENT LIMITED
By:   /s/ Ho, Lawrence Yau Lung
Name:   Ho, Lawrence Yau Lung
Title:   Director
MELCO LEISURE AND ENTERTAINMENT GROUP LIMITED
By:   /s/ Ho, Lawrence Yau Lung
Name:   Ho, Lawrence Yau Lung
Title:   Director
MELCO INTERNATIONAL DEVELOPMENT LIMITED
By:   /s/ Ho, Lawrence Yau Lung
Name:   Ho, Lawrence Yau Lung
Title:   Director
HO, LAWRENCE YAU LUNG
By:   /s/ Ho, Lawrence Yau Lung