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1	NAME OF REPORTING PERSONS Accretive Capital Partners, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION   ILLINOIS
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER   -0-
	8	SHARED VOTING POWER   179,588 American Depositary Shares
	9	SOLE DISPOSITIVE POWER   -0-
	10	SHARED DISPOSITIVE POWER   179,588 American Depositary Shares
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   179,588 American Depositary Shares
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0.41%
14	TYPE OF REPORTING PERSON   OO

1	NAME OF REPORTING PERSONS Accretive Capital Management, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION   ILLINOIS
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER   - 0 -
	8	SHARED VOTING POWER   179,588 American Depositary Shares
	9	SOLE DISPOSITIVE POWER   - 0 -
	10	SHARED DISPOSITIVE POWER   179,588 American Depositary Shares
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   179,588 American Depositary Shares
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0.41%
14	TYPE OF REPORTING PERSON   OO, HC

1	NAME OF REPORTING PERSONS   Richard E. Fearon, Jr.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER   229,9141 American Depositary Shares
	8	SHARED VOTING POWER   -0-
	9	SOLE DISPOSITIVE POWER   229,9141 American Depositary Shares
	10	SHARED DISPOSITIVE POWER   -0-
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   229,9141 American Depositary Shares
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0.52%
14	TYPE OF REPORTING PERSON   IN

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Item 1.

Security and Issuer.

 

 

Item 5.

Interest in Securities of the Issuer.

 

 

 

A.	Each of ACP and ACM:

 

(a)

Amount beneficially owned: 179,588

 

 

 

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 179,588

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 179,588

(c)

The transactions in the Shares by ACP and ACM during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

 

B.	Mr. Fearon:

 

(a)

Amount beneficially owned: 229,914

 

 

(b)

1. Sole power to vote or direct vote: 229,914

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 229,914

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Mr. Fearon during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

 

 

(d)

No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

 

(e)

Not applicable.”

 

Item 7.

Material to be Filed as an Exhibit.

 

 

Exhibit 99.1

An Open Letter to the Board of Directors of Actions Semiconductor Co., Ltd., dated October 9, 2015 from Accretive Capital Management, LLC

 

 

 

 

 

 

 

 

Shares of Common Stock Purchased/(Sold)

Price Per Share($)

Date of Purchase/(Sale)

ACCRETIVE CAPITAL PARTNERS, LLC
(4,253,967)	$2.30	9/29/2015
500	$1.54	9/11/2015
	RICHARD E. FEARON, JR.
(1,192,033)	$2.30	9/29/2015