-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K3Wg5mT+FALg9l83GuHPC5BkdWUjwNhs6HO674pTXTOAc/QF1NP8gYfurzLEAcZv SpkCYcqmzoYqSTJmk27HmQ== 0000905148-09-003304.txt : 20091019 0000905148-09-003304.hdr.sgml : 20091019 20091019171039 ACCESSION NUMBER: 0000905148-09-003304 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091019 DATE AS OF CHANGE: 20091019 GROUP MEMBERS: CHRISTOPHER HO WING ON GROUP MEMBERS: GRANDE N.A.K.S. LTD. GROUP MEMBERS: S & T INTERNATIONAL DISTRIBUTION LTD. GROUP MEMBERS: THE GRANDE GROUP LIMITED GROUP MEMBERS: THE GRANDE HOLDINGS LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMERSON RADIO CORP CENTRAL INDEX KEY: 0000032621 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 223285224 STATE OF INCORPORATION: DE FISCAL YEAR END: 0402 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17958 FILM NUMBER: 091126444 BUSINESS ADDRESS: STREET 1: NINE ENTIN RD STREET 2: PO BOX 430 CITY: PARSIPPANY STATE: NJ ZIP: 07054-0430 BUSINESS PHONE: 9738845800 MAIL ADDRESS: STREET 1: NINE ENTIN RD CITY: PARSIPPANY STATE: NJ ZIP: 07054 FORMER COMPANY: FORMER CONFORMED NAME: MAJOR ELECTRONICS CORP DATE OF NAME CHANGE: 19770921 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: S&T INTERNATIONAL DISTRIBUTION LTD. CENTRAL INDEX KEY: 0001336951 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 146 ROBINSON ROAD, #01-01 CITY: SINGAPORE STATE: U0 ZIP: 068909 BUSINESS PHONE: 011-65-6221-0010 MAIL ADDRESS: STREET 1: 146 ROBINSON ROAD, #01-01 CITY: SINGAPORE STATE: U0 ZIP: 068909 SC 13D/A 1 efc9-0970_formsc13da.htm efc9-0970_formsc13da.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D/A
(Amendment No. 13)*

 
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(a)
 
EMERSON RADIO CORP.

(Name of Issuer)
 
COMMON STOCK

(Title of Class of Securities)
 
291087203

(CUSIP Number)
 
Ruby Lee Yen Kee, Esq.
Managing Director, Legal
The Grande Holdings Limited
No. 456, Alexandra Road
#12-01, NOL Building
Singapore 119962
011-65-6371-1846

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
October 19, 2009

(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), Rule 13d-1(f) or Rule 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(b) 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. 
 
(Continued on following pages)
 
 
 
 

 
 
 
CUSIP No.
291087203
SCHEDULE 13D
 
     

1
NAME OF REPORTING PERSON
 
S&T International Distribution Ltd
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)   ¨
(b)   ¨
 
3
SEC USE ONLY
4
SOURCE OF FUNDS
 
AF, BK
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)
 
¨
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
NONE
 
8
SHARE VOTING POWER
 
15,634,482 shares of Common Stock.
 
9
SOLE DISPOSITIVE POWER
 
NONE
 
10
SHARED DISPOSITIVE POWER
 
15,634,482 shares of Common Stock.
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
 
15,634,482 shares of Common Stock.
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
57.63%
14
TYPE OF REPORTING PERSON
 
CO

 
2

 
 
 
 
CUSIP No.
291087203
SCHEDULE 13D
 
     

1
NAME OF REPORTING PERSON
 
Grande N.A.K.S. Ltd
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)   ¨
(b)   ¨
 
3
SEC USE ONLY
4
SOURCE OF FUNDS
 
AF, BK
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)
 
¨
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
NONE
 
8
SHARE VOTING POWER
 
15,634,482 shares of Common Stock.
 
9
SOLE DISPOSITIVE POWER
 
NONE
 
10
SHARED DISPOSITIVE POWER
 
15,634,482 shares of Common Stock.
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
 
15,634,482 shares of Common Stock.
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
57.63%
14
TYPE OF REPORTING PERSON
 
CO
 
 
 
 
 
3

 
 
 
CUSIP No.
291087203
SCHEDULE 13D
 
     

1
NAME OF REPORTING PERSON
 
The Grande Holdings Limited
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)   ¨
(b)   ¨
 
3
SEC USE ONLY
4
SOURCE OF FUNDS
 
WC, BK
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)
 
¨
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Bermuda
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
NONE
 
8
SHARE VOTING POWER
 
15,634,482 shares of Common Stock.
 
9
SOLE DISPOSITIVE POWER
 
NONE
 
10
SHARED DISPOSITIVE POWER
 
15,634,482 shares of Common Stock.
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
 
15,634,482 shares of Common Stock.
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
57.63%
14
TYPE OF REPORTING PERSON
 
CO
 
 
 
 
4

 
 
 
 
CUSIP No.
291087203
SCHEDULE 13D
 
     

1
NAME OF REPORTING PERSON
 
Christopher Ho Wing On
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)   ¨
(b)   ¨
 
3
SEC USE ONLY
4
SOURCE OF FUNDS
 
AF, BK
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(D) OR 2(E)
 
¨
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canada
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
NONE
 
8
SHARE VOTING POWER
 
15,634,482 shares of Common Stock.
 
9
SOLE DISPOSITIVE POWER
 
NONE
 
10
SHARED DISPOSITIVE POWER
 
15,634,482 shares of Common Stock.
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
 
15,634,482 shares of Common Stock.
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
¨
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
57.63%
14
TYPE OF REPORTING PERSON
 
IN
 
 
 
 
5

 
 
 
This statement on Schedule 13D/A (the “Statement”) amends the Schedule 13D relating to shares of Common Stock (the “Common Stock”), of Emerson Radio Corp. (the “Emerson”), as originally filed with the Securities and Exchange Commission (the “SEC”) on December 15, 2005 (the “Initial Statement”) by The Grande Holdings Limited (“Grande Holdings”), Grande N.A.K.S. Ltd. (“N.A.K.S.”), S&T International Distribution Ltd. (“S&T”), The Grande Group Limited (“GGL”) and Mr. Christopher Ho Wing On (“Mr. Ho” and, together with Grande Holdings, N.A.K.S., S&T and GGL, the “Reporting Persons”), as amended by Amendment No. 1, dated March 7, 2006 (“Amendment No. 1”), Amendment No. 2, dated May 9, 2006 (“Amendment No. 2”), Amendment No. 3, dated May 25, 2006 (“Amendment No. 3”), Amendment No. 4, dated June 15, 2006 (“Amendment No. 4”), Amendment No. 5, dated July 7, 2006 (“Amendment No. 5”), Amendment No. 6, dated July 28, 2006 (“Amendment No. 6”), Amendment No. 7, dated August 10, 2006 (“Amendment No. 7”), Amendment No. 8, dated September 19, 2006 (“Amendment No. 8”), Amendment No. 9, dated November 8, 2006 (“Amendment No. 9”), Amendment No. 10, dated February 7, 2007 (“Amendment No. 10”), Amendment No. 11, dated October 1, 2007 (“Amendment No. 11”) and Amendment No. 12 dated November 1, 2007 (“Amendment No. 12 and, together with the Initial Statement, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9, Amendment No. 10 and Amendment No. 11, the “Previous Filings”), all filed by the Reporting Persons.  This Statement is being filed to correct certain inaccuracies in the Previous Filings.
 
ITEM 2.  IDENTITY AND BACKGROUND

Item 2 of the Previous Filings is hereby amended as follows:

Item 2 of the Previous Filings included the following statements:

“As of the date of this Statement, S&T has the direct power to vote and direct the disposition of the 15,634,482 shares of Emerson’s Common Stock held by it, which include 1,853,882 shares recently acquired from the Singer Children’s Management Trust, as further set forth in Items 3 and 6 below (the “S&T Shares”).  As the sole parent of S&T, N.A.K.S. has the indirect power to vote and dispose of the S&T Shares held for the account of S&T. As the sole parent of N.A.K.S., Grande Holdings has the indirect power to vote and dispose of the Shares held for the account of S&T.  As the owner of approximately 67% of the share capital of Grande Holdings, Barrican Investments Corporation (“Barrican”) has the indirect power to vote and dispose of the Shares held for the account of S&T.  As the sole parent of Barrican, The Grande International Holdings Ltd (“Grande International”) has the indirect power to vote and dispose of the Shares held for the account of S&T.  As the sole owner of Grande International, the Ho Family Trust has the indirect power to vote and dispose of the Shares held for the account of S&T.  As the sole beneficiary of the Ho Family Trust, Mr. Ho has the indirect power to vote and dispose of the Shares held for the account of S&T.  In such capacities, Grande Holdings, N.A.K.S. and Mr. Ho may be deemed to be the beneficial owners of the Shares held for the account of S&T.”
 
The statements regarding the Ho Family Trust were and remain inaccurate in two respects:  First, Mr. Ho is not the sole beneficiary of the Ho Family Trust.  Although Mr. Ho is a beneficiary of the trust, other members of his family are also beneficiaries.  Second, the Ho
 
 
 
6

 
 
 
Family Trust is an irrevocable discretionary trust and Mr. Ho does not have the indirect power to vote and dispose of the Shares held for the account of S&T by reason of his status as one of the beneficiaries of the Trust.  Nonetheless, Mr Ho is the Chairman of Grande Holdings and one of the representatives of the Grande group on the board of directors of Emerson (currently serving as the Chairman of Emerson).  As a result, Mr. Ho shares the power to direct the voting and disposition of the Shares held for the account of S&T and may accordingly still be deemed to be the beneficial owner of such Shares.
 
The 67% of the share capital of Barrican previously held by Grande International was subsequently transferred (and continues to be held) by Airwave Corporation Limited (“Airwave”).  The Ho Family Trust owns all the share capital of Airwave.  Furthermore, on September 1, 2009, the High Court of the Hong Kong Special Administrative Region Court of First Instance appointed Mr. Robin Derrick Darton and Mr. Jeremy William Le Messurier Scott as joint and several receivers for the assets of Mr. Ho and the Ho Family Trust in connection with a pending action brought against Grande Holdings, Mr. Ho and certain other defendants by the liquidators of Akai Holdings Limited.  On October 5, 2009, the parties in that action agreed to a settlement of the plaintiff’s claims and on October 15, 2009 the court entered a stay of the order appointing the receiver.
 
ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.
 
Item 5 of the Previous Filings is hereby amended as follows:
 
Item 5 of the Previous Filings included the following statements:
 
“S&T is the record owner of the S&T Shares.  As the sole stockholder of S&T, N.A.K.S. may be deemed to own beneficially the S&T Shares.  As the sole stockholder of N.A.K.S, Grande Holdings may be deemed to own beneficially the Shares.  Mr. Ho has a beneficial interest in approximately 67% of the capital stock of Grande Holdings.  By virtue of such interest and his position with Grande Holdings, Mr. Ho may be deemed to have power to vote and power to dispose of the Shares beneficially held by Grande Holdings.”
 
The last two sentences of the foregoing provision are hereby deleted and replaced by the following sentences:
 
“Mr. Ho is the Chairman of Grande Holdings and one of the representatives of the Grande group on the board of directors of Emerson (currently serving as the Chairman of Emerson).  By virtue of the foregoing, Mr. Ho may be deemed to share the power to direct the voting and disposition of the Shares held for the account of S&T, representing 57.63% of the outstanding Common Stock of Emerson.”
 
This Statement is being filed pursuant to the Joint Filing Agreement, dated October 1, 2007 among the Reporting Persons, a copy of which was filed as Exhibit 1 to Amendment No. 12.
 
 
 
7

 
 

 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.

Dated:  October 19, 2009
 
 

/s/  CHRISTOPHER HO WING ON        
CHRISTOPHER HO WING ON
 
 
THE GRANDE HOLDINGS LIMITED
 
 
By:  /s/ PAUL LAW                                 
Name:  PAUL LAW
Title:   DIRECTOR
 
 
GRANDE N.A.K.S. LTD.
 
By:  /s/  ADRIAN C.C. MA                     
Name:   ADRIAN C.C. MA
Title:      DIRECTOR



S&T INTERNATIONAL DISTRIBUTION LTD.

By:  /s/  ADRIAN C.C. MA  For and on behalf of GRANDE N.A.K.S. LTD
Name:    GRANDE N.A.K.S. LTD.
Title:      DIRECTOR
 
 
 

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