At Insider Monkey, we closely monitor the moves made by activist investors. Their targets are often undervalued stocks with firm foundations that for one reason or another have failed to execute. At times, all it takes is a fresh outlook and a slight tweak to completely alter the makeup and efficiency of a company, and activists can provide this. They also shine a spotlight on shareholder value creation, which can be neglected by entrenched management who often have their priorities elsewhere. Below and on the following pages we have embedded the latest 13D activist filing related to NQ Mobile Inc (ADR) (NYSE:NQ), which was recently submitted by RPL Holdings, which formerly held a passive investment position in the stock. The filing shows that RPL Holdings owns over 50.35 million shares of NQ Mobile, 10.6% of the Chinese mobile provider’s shares.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| RPL Holdings Limited | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
| RPL Global Limited | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
| The RPL Trust | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
| JTC Trustees (BVI) Limited (as trustee for The RPL Trust which ultimately owns common shares of the Issuer) | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
| Lingyun Guo | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
| Vincent Wenyong Shi | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
| Xu Zhou | 0 | 50,352,941 | 0 | 50,352,941 | 50,352,941 | 10.6% |
Page 1 of 17 SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
NQ Mobile
Inc.
(Name of Issuer)
Common Shares, par value $0.0001 per share
(Title of Class of Securities)
G6429X 100
(CUSIP
Number)
NQ Mobile Inc.
No. 4 Building
11
Heping Li East Street
Dongcheng District
Beijing 100013
The
Peoples Republic of China
with copies to:
Z. Julie Gao, Esq.
Haiping Li, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
c/o 42/F, Edinburgh Tower, The Landmark
15 Queens Road Central, Hong Kong
(+852) 3740-4700
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 10, 2016
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 for
other parties to whom copies are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting persons 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).
