Sec Form 13D Filing - Bukit Jalil Global Investment Ltd. filing for BUKIT JALIL GLOBAL ACQUISITION (BUJAW) - 2023-06-30

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

 

BUKIT JALIL GLOBAL ACQUISITION 1 LTD.

(Name of Issuer)

 

Ordinary Share, par value $0.0001 per share

(Title of Class of Securities)

 

G1676M105

(CUSIP Number)

 

Seck Chyn “Neil” Foo

Chief Executive Officer and Chief Financial Officer

c/o Bukit Jalil Global Acquisition  1 Ltd.

31-1 Taman Miharja Phase 3B, Jalan 3/93, 2 ½ Miles, Cheras

Kuala Lumpur, Malaysia 55200

Tel: +603-91339688

 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

June 27, 2023

(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), 3d-1(f) or 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 Rule 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 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 13D

CUSIP No. G1676M105

 

1	Name of reporting persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   Bukit Jalil Global Investment Ltd.
2	Check the appropriate box if a member of a group* (a) ☐   (b) ☐
3	SEC use only
4	Source of funds*     OO
5	Check box if disclosure of legal proceedings is required pursuant to Item 2(d) oI(e)     ☐
6	Citizenship or place of organization     Cayman Islands

 

Number of shares beneficially owned by each reporting person with	7		Sole voting power     1,838,807(1)(2)
	8		Shared voting power
	9		Sole dispositive voting power     1,838,807 (1)(2)
	10		Shared dispositive power

 

11	Aggregate amount beneficially owned by each reporting person     1,838,807(1)(2)
12	Check box if the aggregate amount in row (11) excludes certain shares*     ☐
13	Percent of class represented by amount in row (11)     23.69%
14	Type of reporting person*     CO

 

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(1)

It includes (i) 1,414,500 ordinary share, par value $0.0001 per share (the “Ordinary Share”) that Bukit Jalil Global Investment Ltd. (the “Sponsor”) acquired on November 4, 2022, and (ii) 424,307 Ordinary Shares that the Sponsor acquired on June 30, 2023 in conjunction of the initial public offering of the Issuer and the exercise of the over-allotment option in full by underwriters.

 

 SCHEDULE 13D

CUSIP No. G1676M105

 

1	Name of reporting persons I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   Chyi Chyi Ooi
2	Check the appropriate box if a member of a group* (a)  ☐        (b)  ☐
3	SEC use only
4	Source of funds*     OO
5	Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)     ☐
6	Citizenship or place of organization     Malaysia

 

Number of shares beneficially owned by each reporting person with	7	Sole voting power   1,838,807 (1)(2)
	8	Shared voting power
	9	Sole dispositive voting power     1,838,807 (1)(2)
	10	Shared dispositive power

 

11	Aggregate amount beneficially owned by each reporting person     1,838,807 (1)(2)
12	Check box if the aggregate amount in row (11) excludes certain shares*     ☐
13	Percent of class represented by amount in row (11)     23.69%
14	Type of reporting person*     IN

 

(2)	Ms. Chyi Chyi Ooi is the sole director and sole shareholder of the Sponsor, a Cayman Islands exempted company and therefore holds voting and dispositive control over the securities held by the Sponsor.

 

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SCHEDULE 13D

 

CUSIP No. G1676M105

 

This statement relates (the “Schedule 13D”) to the ordinary share, par value $0.0001 (the “Ordinary Share”), issued by Bukit Jalil Global Acquisition 1 Ltd. (the “Issuer”). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.

 

Item 1. Security and Issuer. 

 

Securities acquired: Ordinary share, $0.0001 par value (the “Ordinary Shares”).

 

Issuer:

Bukit Jalil Global Acquisition 1 Ltd.

 

31-1 Taman Miharja Phase 3B, Jalan 3/93, 2 ½ Miles, Cheras, Kuala Lumpur, Malaysia 55200

 

Item 2. Identity and Background. 

 

(a) This statement is filed by Bukit Jalil Global Investment Ltd., a Cayman Islands exempted company (the “Sponsor”) and Ms. Chyi Chyi Ooi (“Ms. Ooi”, together with the Sponsor, the “Reporting Persons”). The Reporting Persons are the holders of record of approximately 23.69% of the Issuer’s outstanding Ordinary Shares based on the number of Ordinary Shares outstanding as of June 30, 2023.

 

(b) The principal business address of the Sponsor is c/o Bukit Jalil Global Acquisition 1 Ltd., 31-1 Taman Miharja Phase 3B, Jalan 3/93, 2 ½ Miles, Cheras, Kuala Lumpur, Malaysia 55200. The principal business address of Ms. Ooi is c/o Bukit Jalil Global Acquisition 1 Ltd., 31-1 Taman Miharja Phase 3B, Jalan 3/93, 2 ½ Miles, Cheras, Kuala Lumpur, Malaysia 55200.

 

(c) The Sponsor is the sponsor of the Issuer and primarily involved in investment. Ms. Ooi is the sole director and sole shareholder of the Issuer.

 

(d) During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal and state securities laws of findings any violation with respect to such laws.

 

(f) The Sponsor is a exempted company incorporated in Cayman Islands. The citizenship of Ms. Ooi is Malaysia.

 

Item 3. Source and Amount of Funds or Other Consideration. 

 

The information set forth in Items 4 and 5 of this Schedule 13D are hereby incorporated by reference into this Item 3.

 

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SCHEDULE 13D

CUSIP No. G1676M105

 

Item 4. Purpose of Transaction. 

 

On November 16, 2022, the Sponsor purchased 1,437,500 shares of the Issuer’s Ordinary Shares (the “Founder Shares”) for an aggregate purchase price of $25,000 pursuant to a securities purchase agreement.

 

On June 27, 2023, the Sponsor transferred 23,000 Founder Shares to certain directors of the Issuer at its original purchase price pursuant to a securities transfer agreement among the Sponsor, the Issuer and certain directors of the Issuer.

 

On June 30, 2023, simultaneously with the initial public offering of the Issuer and exercise of over-allotment option in full, the Sponsor acquired 424,307units at $10.00 per unit, each unit consisting of one Ordinary Share (the “Private Shares”), one-half of one warrant and one right (the “Private Units”). Each whole warrant entitles the holder to purchase one Ordinary Share at $11.50 per share and each right entitles the holder to exchange for one-tenth of one Ordinary Share at the competion of an initial business combination of the Issuer. 

 

Depending on prevailing market, economic and other conditions, the Reporting Persons may from time to time acquire additional Ordinary Shares or engage in discussions with the Issuer concerning future acquisitions of its shares. Such acquisitions may be made by means of open-market purchases, privately negotiated transactions, direct acquisitions from the Issuer or otherwise.  

 

Except as set forth in this Item 4, the Reporting Persons 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 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; (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, including but not limited to, if the issuer is a registered closed-end investment company; (g) changes in the Issuer’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of 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 to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.

 

The Reporting Persons may, at any time and from time to time, formulates other purposes, plans or proposals regarding the Issuer, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in clauses (a) through (j) of Item 4 of Schedule 13D.

 

Item 5. Interest in Securities of the Issuer. 

 

(a) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference. The aggregate number and percentage of Ordinary Shares beneficially or directly owned by the Reporting Persons is based upon a total of 7,761,807 Ordinary Shares outstanding as of June 30, 2023. The Reporting Persons beneficially own 1,838,807 Ordinary Shares, representing approximately 23.69% issued and outstanding Ordinary Shares.

 

(b) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference. The beneficial ownership of the Reporting Persons is 1,838,807 Ordinary Shares, representing approximately 23.69% issued and outstanding Ordinary Shares.

 

(c) Other than the disposition of the shares as reported in this Schedule 13D, no actions in the ordinary shares were effected during the past sixty (60) days by the Reporting Persons.

 

(d) N/A

 

(e) N/A

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. 

 

The information set forth in Items 4 of this Schedule 13D are hereby incorporated by reference into this Item 6.

 

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SCHEDULE 13D

CUSIP No. G1676M105

 

Item 7. Materials to be Filed as Exhibits.

 

Item 7 of the Schedule 13D is hereby amended by adding the following to the end of the section:

 

Exhibit No.		Description
7.1		Joint Filling Agreement, dated June 30, 2023
10.1		Securities Subscription Agreement
10.2		Securities Transfer Agreement dated April 12, 2023 by and among the Issuer, the Sponsor and certain directors of the Issuer
10.3		Private Placement Units Purchase Agreement dated June 27, 2023 between the Sponsor and the Issuer.

 

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SCHEDULE 13D

CUSIP No. G1676M105

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

 

Date: June 30, 2023

 

Bukit Jalil Global Investment Ltd.
By:	/s/ Chyi Chyi Ooi
Name:	Chyi Chyi Ooi
Title:	Director

 

/s/ Chyi Chyi Ooi
Chyi Chyi Ooi

 

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