UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

Check-Cap Ltd.

(Name of Issuer)

Ordinary Shares, par value NIS 0.20 per share

(Title of Class of Securities)

M2361E 112

(CUSIP Number)

February 24, 2015

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

* 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. M2361E 112

13G

 

 

 

1.

Name of Reporting Person:
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
I.R.S. Identification Nos. of Above Persons (Entities Only): -

 

 

2.

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

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization:
China

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
1,886,152
1

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
1,886,152
1

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,886,152 Ordinary Shares
1

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
18.4%
1

 

 

12.

Type of Reporting Person (See Instructions) :
CO

 


(1)         The Reporting Person is the beneficial owner of 1,886,152 Ordinary Shares of the Issuer, representing approximately 18.4% of the outstanding Ordinary Shares, of which: (i) 666,667 Ordinary Shares are directly held by the Reporting Person; and (ii) 1,219,485 Ordinary Shares are subject to warrants held by the Reporting Person that are exercisable within 60 days.  The foregoing percentage is based on 10,237,580 Ordinary Shares that the Issuer advised were issued and outstanding as of March 13, 2015.

 

1



 

CUSIP No. M2361E 112

13G

 

 

BACKGROUND                         The Schedule 13G filed on March 17, 2015 inadvertently overlooked the fact that the filing person has not exercised the warrants to purchase 886,152 ordinary shares, and the purpose of this Amendment is to correct this mistake.

 

Item 1.

 

(a)

Name of Issuer
Check-Cap Ltd.

 

(b)

Address of Issuer’s Principal Executive Offices
Check-Cap Building, Abba Hushi Ave., Mount Carmel, Israel

 

Item 2.

 

(a)

Name of Person Filing
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.

 

(b)

Address of the Principal Office or, if none, Residence
Building A, No.1289 Yishan Road, Shanghai 200233, P.R.China

 

(c)

Citizenship
China

 

(d)

Title of Class of Securities
Ordinary Shares

 

(e)

CUSIP Number
M2361E 112

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

2



 

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:   

1,886,152.

 

(b)

Percent of class:   

18.4%.

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

1,886,152.

 

 

(ii)

Shared power to vote or to direct the vote    

0.

 

 

(iii)

Sole power to dispose or to direct the disposition of   

1,886,152.

 

 

(iv)

Shared power to dispose or to direct the disposition of   

0.

 

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

 

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

 

Instruction. Dissolution of a group requires a response to this item.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

3



 

CUSIP No. M2361E 112

13G

 

 

Item 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

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.

 

 

May 15, 2015

 

Date

 


/s/ Qiyu Chen

 

Signature

 


Qiyu Chen, Chairman

 

Name/Title

 

4