Sec Form 13G Filing - Vision Knight Capital (China) Fund II L.P. filing for LIGHTINTHEBOX HLDG CO LTD SPON (LITB) - 2020-12-04

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.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.          )*

 

LightInTheBox Holding Co., Ltd.

(Name of Issuer)

 

Ordinary shares, par value US$0.000067 per share

(Title of Class of Securities)

 

53225G102**

(CUSIP Number)

 

December 3, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

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.

 

** CUSIP number 53225G102 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the New York Stock Exchange under the symbol “LITB.” Each ADS represents two ordinary shares of the Issuer. No CUSIP number has been assigned to ordinary shares of the Issuer.

 

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).

 

 

 


 

13G

 

1.  Names of Reporting Persons.   

Fraser Holdings Group Limited

 

2.  Check the Appropriate Box if a Member of a Group 
(a)
o                                          (b) o

3.  SEC Use Only

4.  Citizenship or Place of Organization

British Virgin Islands

Number of Shares
Beneficially
Owned by
Each Reporting
Person With:

5.  Sole Voting Power

14,790,110 ordinary shares(1)

6.  Shared Voting Power

0

7.  Sole Dispositive Power

14,790,110 ordinary shares

8.  Shared Dispositive Power

0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person

14,790,110 ordinary shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares       o

11.  Percent of Class Represented by Amount in Row (9)

6.6%(2)

12.  Type of Reporting Person

CO

 


(1)         Represents 14,790,110 ordinary shares held by Fraser Holdings Group Limited., a limited company organized under the laws of the British Virgin Islands. The shareholders of Fraser Holdings Group Limited are Vision Knight Capital (China) Fund II, L.P., a limited partnership organized under the laws of the Cayman Islands and Vision Knight Capital (China) Entrepreneur Fund II, L.P., also a limited partnership organized under the laws of the Cayman Islands, which hold 95.5% and 4.5% of outstanding shares of Fraser Holdings Group Limited, respectively. The general partner of both Vision K night Capital (China) Fund II, L.P and Vision Knight Capital (China) Entrepreneur Fund II, L.P. is Vision Knight Capital (China) GP II, L.P., a limited partnership organized under the laws of the Cayman Islands. The general partner of Vision Knight Capital (China) GP II, L.P. is VKC (China) GP II Ltd., a company organized under the laws of the Cayman Islands. The sole shareholder of VKC (China) GP II Ltd. is VKC Cayman II Ltd. The sole shareholder and the sole director of VKC Cayman II Ltd. is Zhe Wei. Zhe Wei is also a director of VKC (China) GP II Ltd.

 

(2)         This percentage is calculated based on a total of 223,551,153 ordinary shares outstanding as of April 2, 2020 as reported on the Issuer’s Form 20-F filing  on  May 1, 2020.

 

2


 

1.  Names of Reporting Persons.   

Vison Knight Capital (China) Fund II, L.P.

 

2.  Check the Appropriate Box if a Member of a Group 
(a)
o                                          (b) o

3.  SEC Use Only

4.  Citizenship or Place of Organization

Cayman Islands

Number of Shares
Beneficially
Owned by
Each Reporting
Person With:

5.  Sole Voting Power

14,790,110 ordinary shares

6.  Shared Voting Power

0

7.  Sole Dispositive Power

14,790,110 ordinary shares

8.  Shared Dispositive Power

0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person

14,790,110 ordinary shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares       o

11.  Percent of Class Represented by Amount in Row (9)

6.6%

12.  Type of Reporting Person

CO

 

3


 

1.  Names of Reporting Persons.   

Vison Knight Capital (China) GP II, L.P.

 

2.  Check the Appropriate Box if a Member of a Group 
(a)
o                                          (b) o

3.  SEC Use Only

4.  Citizenship or Place of Organization

Cayman Islands

Number of Shares
Beneficially
Owned by
Each Reporting
Person With:

5.  Sole Voting Power

14,790,110 ordinary shares

6.  Shared Voting Power

0

7.  Sole Dispositive Power

14,790,110 ordinary shares

8.  Shared Dispositive Power

0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person

14,790,110 ordinary shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares       o

11.  Percent of Class Represented by Amount in Row (9)

6.6%

12.  Type of Reporting Person

CO

 

4


 

1.              Names of Reporting Persons.

 

VKC (China) GP II Ltd.

 

2.  Check the Appropriate Box if a Member of a Group

(a) o                                               (b) o

3.  SEC Use Only

4. Citizenship or Place of Organization

Cayman Islands

 

 

 

Number of Shares
Beneficially
Owned by
Each Reporting
Person With:

5.  Sole Voting Power

14,790,110 ordinary shares

6.  Shared Voting Power

0

7.  Sole Dispositive Power

14,790,110 ordinary shares

8.  Shared Dispositive Power

0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person

14,790,110 ordinary shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares       o

11.  Percent of Class Represented by Amount in Row (9)

6.6%

12.  Type of Reporting Person

CO

 

5


 

1.              Names of Reporting Persons.

 

VKC Cayman II Ltd.

 

2.  Check the Appropriate Box if a Member of a Group

(a) o                                               (b) o

3.  SEC Use Only

4. Citizenship or Place of Organization

Cayman Islands

 

 

 

Number of Shares
Beneficially
Owned by
Each Reporting
Person With:

5.  Sole Voting Power

14,790,110 ordinary shares

6.  Shared Voting Power

0

7.  Sole Dispositive Power

14,790,110 ordinary shares

8.  Shared Dispositive Power

0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person

14,790,110 ordinary shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares       o

11.  Percent of Class Represented by Amount in Row (9)

6.6%

12.  Type of Reporting Person

CO

 

6


 

1.              Names of Reporting Persons.

 

Zhe Wei

 

2.  Check the Appropriate Box if a Member of a Group

(a) o                                               (b) o

3.  SEC Use Only

4. Citizenship or Place of Organization

Hong Kong SAR China

 

 

 

Number of Shares
Beneficially
Owned by
Each Reporting
Person With:

5.  Sole Voting Power

14,790,110 ordinary shares

6.  Shared Voting Power

0

7.  Sole Dispositive Power

14,790,110 ordinary shares

8.  Shared Dispositive Power

0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person

14,790,110 ordinary shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares       o

11.  Percent of Class Represented by Amount in Row (9)

6.6%

12.  Type of Reporting Person

IN

 

7


 

ITEM 1.

 

(a) Name of Issuer: LightInTheBox Holding Co., Ltd.

 

(b) Address of Issuer’s Principal Executive Offices: Room 3301, Kerry Parkside Office, 1155 Fangdian Rd, Pudong New Area District, Shanghai, P.R.C.

 

ITEM 2.

 

(a) Name of Person Filing:

 

(i)                                     Fraser Holdings Group Limited

 

(ii)                                  Vision Knight Capital (China) Fund II, L.P.

 

(iii)                               Vision Knight Capital (China) GP II, L.P.

 

(iv)                              VKC (China) GP II Ltd.

 

(v)                                 VKC Cayman II Ltd.

 

(vi)                              Zhe Wei

 

(b) Address of Principal Business Office, or if None, Residence:

 

Fraser Holdings Group Limited

Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands

Vision Knight Capital (China) Fund II, L.P.

94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman KY1 -1108, Cayman Islands

Vision Knight Capital (China) GP II, L.P.

94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman KY1 -1108, Cayman Islands

VKC (China) GP II Ltd.

94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman KY1 -1108, Cayman Islands

VKC Cayman II Ltd.

94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman KY1 -1108, Cayman Islands

Zhe Wei

Room 3301, Kerry Parkside Office, 1155 Fangdian Rd, Pudong New Area, Shanghai, P.R.C.

 

(c) Citizenship:

 

Fraser Holdings Group Limited

British Virgin Islands

Vision Knight Capital (China) Fund II, L.P.

Cayman Islands

Vision Knight Capital (China) GP II, L.P.

Cayman Islands

VKC (China) GP II Ltd.

Cayman Islands

VKC Cayman II Ltd.

Cayman Islands

Zhe Wei

Hong Kong SAR China

 

(d) Title of Class of Securities:

 

Ordinary shares, par value US$0.000067 per share

 

(e) CUSIP Number:

53225G102

 

ITEM  3.    IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

Not applicable

 

ITEM 4. OWNERSHIP.

 

The information in each of the items 1 and Items 5 through 11 on the cover page(s) on this Schedule 13G is hereby incorporated by reference.

 

8


 

Fraser Holdings Group Limited, a limited company organized under the laws of the British Virgin Islands, held 14,790,110 ordinary shares of the Issuer as of the date of this submission. The shareholders of Fraser Holdings Group Limited are (i) Vision Knight Capital (China) Fund II, L.P., a limited partnership organized under the laws of the Cayman Islands, which holds 95.5% of the outstanding shares of Fraser Holdings Group Limited and (ii) Vision Knight Capital (China) Entrepreneur Fund II, L.P., a limited partnership organized under the laws of the Cayman Islands, which holds 4.5% of the outstanding shares of Fraser Holdings Group Limited.

 

The general partner of both Vision Knight Capital (China) Fund II, L.P. and Vision Knight Capital (China) Entrepreneur Fund II, L.P. is Vision Knight Capital (China) GP II, L.P., a limited partnership organized under the laws of the Cayman Islands.

 

The general partner of Vision Knight Capital (China) GP II, L.P. is VKC (China) GP II Ltd., a company organized under the laws of the Cayman Islands.

 

The sole shareholder of VKC (China) GP II Ltd. is VKC Cayman II Ltd.

 

The sole shareholder and the sole director of VKC Cayman II Ltd. is Zhe Wei. Zhe Wei is also a director of VKC (China) GP II Ltd.

 

From March 6, 2020 to December 3, 2020, Fraser Holdings Group Limited sold an aggregate of 1,474,949 ADSs of the Issuer (representing 2,949,898 ordinary shares) in the open market.

 

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   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. CERTIFICATIONS.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

 

9


 

LIST OF EXHIBITS

 

Exhibit No.

 

99.1                    & #xA0;   Joint Filing Agreement

 

10


 

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: December 3, 2020

 

Fraser Holdings Group Limited

By:

/s/  Daming Zhu

 

Name:

Daming Zhu

 

Title:

Director

 

 

 

Vision Knight Capital (China) Fund II, L.P. acting through its general partner, Vision Knight Capital (China) GP II, L.P. (acting through its general partner, VKC (China) GP II, Ltd.)

By:

/s/   Zhe Wei

Name:

Zhe Wei

Title:

Director

 

 

 

Vision Knight Capital (China) GP II, L.P. (acting through its general partner, VKC (China) GP II, Ltd.)

By:

/s/   Zhe Wei

Name:

Zhe Wei

Title:

Director

 

 

 

VKC (China) GP II Ltd.

By:

/s/   Zhe Wei

 

Name:

Zhe Wei

 

Title:

Director

 

 

 

VKC Cayman II Ltd.

By:

/s/   Zhe Wei

 

Name:

Zhe Wei

 

Title:

Director

 

 

 

Zhe Wei

By:

/s/   Zhe Wei

 

11