New Asia Partners SC 13D DE Acquisition 3 / New Asia Partners ownership change

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

DE ACQUISITION 3, INC.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Securities)

_____________________________

(CUSIP Number)

Dennis Nguyen

c/o New Asia Partners, LLC

100 South Fifth Street, 19th Floor

Minneapolis, MN 55402

                     (612) 605-6190                    

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

                     March 1, 2011                    

(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.  [ ]

*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 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.

___________________________________________________________________________________________

1.         Names of Reporting Persons

            IRS Identification Nos. of Above Persons (Entities Only) 27-2394850

            New Asia Partners LLC

___________________________________________________________________________________________

2.        Check the Appropriate Box if a Member of a Group (See Instructions)

           (a)

           (b)

___________________________________________________________________________________________

3.        SEC Use Only

4.        Source of Funds (See Instructions)         WC

5.        Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6.        Citizenship or Place of Organization     Minnesota

Number of Shares Beneficially Owned by Each Reporting Person With:

7.         Sole Voting Power     4,325,000

8.         Shared Voting Power     N/A

9.         Sole Dispositive Power     4,325,000

10.       Shared Dispositive Power     N/A

___________________________________________________________________________________________

11.       Aggregate Amount Beneficially Owned by Each Reporting Person     4,325,000

___________________________________________________________________________________________

12.       Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

___________________________________________________________________________________________

13.       Percent of Class Represented by Amount in Row (11)  83.9%

___________________________________________________________________________________________

14.       Type of Reporting Person (See Instructions)     IN

CUSIP No.

__________________________________________________________________________________________

1.         Names of Reporting Persons

            IRS Identification Nos. of Above Persons (Entities Only) 27-2510853

            Newport Capital LLC

___________________________________________________________________________________________

2.        Check the Appropriate Box if a Member of a Group (See Instructions)

           (a)

           (b)

___________________________________________________________________________________________

3.        SEC Use Only

4.        Source of Funds (See Instructions)         AF

5.        Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6.        Citizenship or Place of Organization     Minnesota

Number of Shares Beneficially Owned by Each Reporting Person With:

7.         Sole Voting Power     N/A

8.         Shared Voting Power     4,325,000*

9.         Sole Dispositive Power     N/A

10.       Shared Dispositive Power     4,325,000*

___________________________________________________________________________________________

11.       Aggregate Amount Beneficially Owned by Each Reporting Person     4,325,000*

___________________________________________________________________________________________

12.       Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

___________________________________________________________________________________________

13.       Percent of Class Represented by Amount in Row (11)  83.9%

___________________________________________________________________________________________

14.       Type of Reporting Person (See Instructions)     OO (Limited Liability Company)

*This amount represents shares of common stock, par value $0.0001 per share (the “Common Stock”) owned of record New Asia Partners LLC (“NAP”).

__________________________________________________________________________________________

1.         Names of Reporting Persons

            IRS Identification Nos. of Above Persons (Entities Only)

            Dennis Nguyen

___________________________________________________________________________________________

2.        Check the Appropriate Box if a Member of a Group (See Instructions)

           (a)

           (b)

___________________________________________________________________________________________

3.        SEC Use Only

4.        Source of Funds (See Instructions)         AF

5.        Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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     N/A

8.         Shared Voting Power     4,325,000*

9.         Sole Dispositive Power     N/A

10.       Shared Dispositive Power     4,325,000*

___________________________________________________________________________________________

11.       Aggregate Amount Beneficially Owned by Each Reporting Person     4,325,000*

___________________________________________________________________________________________

12.       Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

___________________________________________________________________________________________

13.       Percent of Class Represented by Amount in Row (11)  86.5%

___________________________________________________________________________________________

14.       Type of Reporting Person (See Instructions)     IN

*This amount represents shares of common stock, par value $0.0001 per share (the “Common Stock”) owned of record New Asia Partners LLC (“NAP”) and beneficially by Newport Capital LLC.

__________________________________________________________________________________________

1.         Names of Reporting Persons

            IRS Identification Nos. of Above Persons (Entities Only)

            Wildwood Capital LLC

___________________________________________________________________________________________

2.        Check the Appropriate Box if a Member of a Group (See Instructions)

           (a)

           (b)

___________________________________________________________________________________________

3.        SEC Use Only

4.        Source of Funds (See Instructions)         AF

5.        Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6.        Citizenship or Place of Organization     Minnesota

Number of Shares Beneficially Owned by Each Reporting Person With:

7.         Sole Voting Power     N/A

8.         Shared Voting Power     4,325,000*

9.         Sole Dispositive Power     N/A

10.       Shared Dispositive Power     4,325,000*

___________________________________________________________________________________________

11.       Aggregate Amount Beneficially Owned by Each Reporting Person     4,325,000*

___________________________________________________________________________________________

12.       Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

___________________________________________________________________________________________

13.       Percent of Class Represented by Amount in Row (11)  86.5%

___________________________________________________________________________________________

14.       Type of Reporting Person (See Instructions)     OO (Limited Liability Company)

*This amount represents shares of common stock, par value $0.0001 per share (the “Common Stock”) owned of record New Asia Partners LLC (“NAP”) and beneficially by Wildwood Capital LLC.

__________________________________________________________________________________________

1.         Names of Reporting Persons

            IRS Identification Nos. of Above Persons (Entities Only)

            Todd Vollmers

___________________________________________________________________________________________

2.        Check the Appropriate Box if a Member of a Group (See Instructions)

           (a)

           (b)

___________________________________________________________________________________________

3.        SEC Use Only

4.        Source of Funds (See Instructions)         AF

5.        Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 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     N/A

8.         Shared Voting Power     4,325,000*

9.         Sole Dispositive Power     N/A

10.       Shared Dispositive Power     4,325,000*

___________________________________________________________________________________________

11.      Aggregate Amount Beneficially Owned by Each Reporting Person     4,325,000

___________________________________________________________________________________________

12.      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

___________________________________________________________________________________________

13.      Percent of Class Represented by Amount in Row (11)  83.9%

___________________________________________________________________________________________

14.      Type of Reporting Person (See Instructions)     IN

*This amount represents shares of common stock, par value $0.0001 per share (the “Common Stock”) owned of record New Asia Partners LLC (“NAP”) and beneficially by Wildwood Capital LLC.

Item 1.                                Security and Issuer

4,325,000 shares (the “Shares”) of common stock, $0.0001 par value (the “Common Stock”) of DE Acquisition 3, Inc. (the “Issuer”).  The Issuer’s address is 100 South Fifth Street, 19th Floor Minneapolis, MN 55402

Item 2.                                Identity and Background

(a)           This statement is filed by New Asia Partners LLC (“NAP”), Newport Capital LLC (“Newport Capital”), Dennis Nguyen (“Nguyen”), Wildwood Capital LLC (“Wildwood”) and Todd Vollmers (“Vollmers”) (collectively, the “Reporting Persons”).

(b)           The address of NAP is 100 South Fifth Street, 19th Floor, Minneapolis, MN 55402. The address of Newport Capital and Mr. Nguyen is 2740 West Lake of the Isles Parkway, Minneapolis, MN 55416.  The address of Wildwood Capital and Todd Vollmers is 2460 Wildwood Dr., Shakopee, MN 55379.

(c)           Mr. Nguyen is the President, Treasurer and director (as of March 11, 2011) of the Issuer and the Chairman of NAP and Mr. Vollmers is the Vice President and Secretary of the Issuer and General Counsel of NAP.

(d)           During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding.

(e)           During the last five years, none of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)           Mr. Nguyen and Mr. Vollmers are citizens of the United States. NAP is an international private equity group formed in Minnesota. Wildwood Capital LLC is a private equity group formed in Minnesota.  Newport Capital is a private equity group formed in Minnesota.

Item 3.                                Source and Amount of Funds or Other Consideration

The Shares were purchased by NAP with working capital for an aggregate purchase price equal to $32,625.00.  All of the outstanding membership interests of NAP are owned by Newport Capital and Wildwood Capital.   Mr. Nguyen, an officer and director of the Issuer owns all of the outstanding membership interests of Newport Capital.  Mr. Vollmers, an officer of the Issuer owns all of the outstanding membership interests of Wildwood Capital.

Item 4.                                Purpose of Transaction

The Reporting Persons acquired the Shares for investment purposes.  Depending on market conditions and other factors, any of the Reporting Persons may acquire additional securities of the Issuer as each deems appropriate, whether in privately negotiated transactions, private placements with the Issuer or otherwise.  The Reporting Persons also reserve the right to dispose of some or all of the shares they own in privately negotiated transactions with third parties or otherwise.

The Shares were purchased in accordance with the terms and conditions of a Securities Purchase Agreement, dated March 1, 2011 (the “Purchase Agreement”), by and between the Issuer and New Asia Partners LLC and those certain purchaser signatories thereto, pursuant to which Mr. Nguyen was appointed to serve as President, Treasurer and director of the Issuer and Mr. Vollmers was appointed as Vice President and Secretary of the Issuer.  The sole officer and director of the issuer resigned in accordance with the terms and conditions of the Purchase Agreement.

Item 5.                                Interest in Securities of the Issuer

NAP owns 4,325,000 shares of the Common Stock of the Issuer, representing approximately 86.5% of the outstanding Common Stock of the Company.  Newport Capital owns 90% of the outstanding membership interests of NAP and Mr. Nguyen owns 100% of the outstanding membership interests of Newport Capital and therefore may be deemed to beneficially own up to 90% of the shares of Common Stock owned of record by NAP. Wildwood Capital owns 10% of the outstanding membership interests of NAP and Mr. Vollmers owns 100% of the outstanding membership interests of NAP and may be deemed to beneficially own up to 10% of the Common Stock owned of record by NAP.  Mr. Vollmers and Mr. Nguyen share voting and dispositive control over the Shares.

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

The Shares were issued in accordance with the terms and conditions of the Purchase Agreement.

Item 7.                                Material to Be Filed as Exhibits

99.1   Joint Filing Agreement

99.2   Purchase Agreement

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.

March 10, 2011                                                      NEW ASIA PARTNERS LLC

By: /s/ Dennis Nguyen                                                                   

     Dennis Nguyen, Chairman

NEWPORT CAPITAL LLC

By: /s/ Dennis Nguyen ___________

       Dennis Nguyen, Chief Manager

/s/ Dennis Nguyen                           

Dennis Nguyen

WILDWOOD CAPITAL LLC

By: /s/ Todd Vollmers_____________

      Todd Vollmers, Manager

  /s/ Todd Vollmers                             

  Todd Vollmers

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as  amended, each of the  persons named below agree to the joint filing of a statement on  Schedule 13D, including amendments thereto, with respect to the Common Stock, $0.0001 par value, of DE ACQUISITION 3, INC. and further agree that this Joint Filing Agreement be included as an exhibit to such filings, provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be executed in any number of counterparts, all of which collectively shall constitute one and the same instrument.

Dated:  March 10, 2011

NEW ASIA PARTNERS LLC

By:/s/ Dennis Nguyen                                                                   

     Dennis Nguyen, Chairman

NEWPORT CAPITAL LLC

By: /s/ Dennis Nguyen_____________

       Dennis Nguyen, Chief Manager

/s/ Dennis Nguyen                               

Dennis Nguyen

WILDWOOD CAPITAL LLC

By:/s/ Todd Vollmers ______________

      Todd Vollmers, Manager

/s/ Todd Vollmers                                 

  Todd Vollmers