UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
MEDISUN PRECISION MEDICINE LTD.
(Name of Issuer)
COMMON STOCK, $0.0001 PER SHARE PAR VALUE
(Title of Class of Securities)
Y59514102
(CUSIP Number)
Guofeng Yang Unit 04, 7/F., Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong +852 6877 1902 |
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 7, 2017
(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 the disclosures provided in a prior cover page.
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).
1. | Names of Reporting Persons: | Zhengda Gene Life Science Shares Limited | |
| I.R.S. Identification Nos. of above persons (entities only): | ||
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2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||
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| (b) [ ] | ||
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3. | SEC Use Only: | ||
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4. | Source of Funds (See Instruction): | Patent Assignment Agreement (8-K filed July 10, 2017) | |
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5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): [ ] | ||
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6. | Citizenship or Place of Organization:
| Hong Kong | |
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Number of Shares Beneficially by Owned by Each Reporting Person With: | |||
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7. | Sole Voting Power: | 15,000,000 SHARES | |
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8. | Shared Voting Power: | N/A | |
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9. | Sole Dispositive Power: | 15,000,000 SHARES | |
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10. | Shared Dispositive Power: | N/A | |
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11. | Aggregate Amount Beneficially Owned by Each Reporting Person: 15,000,000 SHARES | ||
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12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): [ ] | ||
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13. | Percent of Class Represented by Amount in Row (11): 23.3% | ||
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14. | Type of Reporting Person (See Instructions): Company | ||
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ITEM 1.
SECURITY AND ISSUER.
This Statement on Schedule 13D relates to the Common Stock, par value $0.0001 per share (the “Shares”), of Medisun Precision Medicine Ltd., a Marshall Islands Corporation (the "Issuer"). The address of the principal executive offices of the Issuer is Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960.
ITEM 2.
IDENTITY AND BACKGROUND
(a) through (c) and (f). This Statement is being filed by Zhengda Gene Life Science Shares Limited, a Hong Kong entity (the “Reporting Person”). The address of the principal business office of Reporting Person is Unit 04, 7/F., Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong. Guofeng Yang is currently the Director of Zhengda Gene Life Science Shares Limited.
(d) and (e). During the previous five (5) years, the Reporting Person (i) has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) and (ii) has not been party to a civil proceeding of any of a judicial or administrative body of competent jurisdiction such that, 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 activity subject to, federal or state securities laws or finding any violation with respect to such laws.
ITEM 3.
SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As consideration for Issuer granting the Reporting Person these securities, the Reporting Person assigned and transferred certain patent rights (“Patent Rights”) applied for registration in the State Intellectual Property Office of the PRC (patent application number: 201610218242) in relation to the isolation and culture method for primary mice or rat skeletal muscle cells, pursuant to a Patent Assignment Agreement entered into on July 7, 2017, and described more fully on Form 8-K filed July 10, 2017.
ITEM 4.
PURPOSE OF TRANSACTION
The purpose of the transaction and Patent Assignment Agreement was to assign and transfer to Issuer certain Patent Rights applied for registration in the State Intellectual Property Office of the PRC (patent application number: 201610218242) in relation to the isolation and culture method for primary mice or rat skeletal muscle cells. A description of the Patent Rights is attached as Appendix A of Exhibit 10.1 to the Form 8-K filed July 10, 2017.
Except as provided above, the Reporting Person does not have any current plans or proposals which would 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) any 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 the assets of the Issuer or any of its subsidiaries;
(d) any change in the present board of directors 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, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940;
(g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede 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 Act; or
(j) any action similar to any of those enumerated above.
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER.
(a)
As of the date hereof, the Reporting Person beneficially owns 15,000,000 shares of Common Stock, representing approximately 23.3% of the Issuer's outstanding Common Stock (based upon 64,418,954 outstanding shares of common stock as of July 10, 2017).
(b)
The Reporting Person has sole voting and dispositive power over the Shares identified in response to Item 5(a) above.
(c)
See response by Reporting Person to Item 4, above.
(d)
Not applicable.
(e)
Not applicable.
ITEM 6.
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Other than as described in this Schedule 13D, the Reporting Person has no contracts, arrangements, understandings or relationships with any other person with respect to any securities of the Issuer.
ITEM 7.
MATERIAL TO BE FILED AS EXHIBITS.
None.
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:
July 20, 2017
By: /s/ Guofeng Yang
Guofeng Yang
Director, Zhengda Gene Life Science Shares Limited