UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. 1)

Under the Securities Exchange Act of 1934

 

 

YY Inc.

(Name of Issuer)

American Depositary Shares, each representing 20 Class A common shares

(Title of Class of Securities)

98426T106

(CUSIP Number)

December 31, 2015 (voluntary early filing)

(Date of Event Which Requires Filing of this Statement)

 

 

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

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x 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).

 

 

 

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CUSIP No. 98426T106

 

1.		Names of reporting persons   Favor Star Limited
2.		Check the appropriate box if a member of a group (a)  ¨        (b)  ¨
3.		SEC use only
4.		Citizenship or place of organization       British Virgin Islands
Number of shares beneficially owned by each reporting person with				5.		Sole voting power       0
				6.		Shared voting power       33,511,236 (See Item 4(a))
				7.		Sole dispositive power       0
				8.		Shared dispositive power       33,511,236 (See Item 4(a))
9.		Aggregate amount beneficially owned by each reporting person       33,511,236 (See Item 4(a))
10.		Check box if the aggregate amount in Row (9) excludes certain shares    ¨
11.		Percent of class represented by amount in Row (9)       3.1% (See Item 4(a) and 4(b))
12.		Type of reporting person       OO

 

 

(Page 2 of 6 Pages)

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Item 1.

 

(a)

Name of issuer:

YY Inc.

 

(b)

Address of issuer’s principal executive offices:

Building 3-08, Yangcheng Creative Industry Zone

No. 309 Huangpu Avenue Middle

Tianhe District

Guangzhou 510655

The People’s Republic of China

Item 2.

 

(a)

2(a) Name of person filing:

Favor Star Limited

 

(b)

Address or principal business office or, if none, residence:

2nd Floor, Le Prince de Galles, 3-5 Avenue des Citronniers, MC 98000 Monaco

 

(c)

Citizenship:

British Virgin Islands

 

(d)

Title of class of securities:

American Depositary Shares, each representing 20 Class A common shares, par value US$0.00001 per share

 

(e)

CUSIP No.:

98426T106

 

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

(a)		¨		Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
(b)		¨		Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)		¨		Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)		¨		Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)		¨		An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f)		¨		An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)		¨		A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h)		¨		A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(Page 3 of 6 Pages)

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(i)		¨		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)		¨		Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Not applicable.

Item 4. Ownership.

 

(a)

Amount beneficially owned:

33,511,236 shares

 

(b)

Percent of class:

3.1% (based on 1,094,586,144 common shares outstanding as of June 30, 2015, as reported on the Form 6-K filed by the issuer on August 17, 2015)

 

(c)

Number of shares as to which the person has:

 

(i)

Sole power to vote or to direct the vote

0

 

(ii)

Shared power to vote or to direct the vote

33,511,236 shares*

 

(iii)

Sole power to dispose or to direct the disposition of

0

 

(iv)

Shared power to dispose or to direct the disposition of

33,511,236 shares*

 

*	The family trust that is the ultimate beneficial owner of Favor Star Limited is controlled by a board of trustees.

 

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:    x

 

Item 6.

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

N/A

 

Item 7.

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

N/A

 

(Page 4 of 6 Pages)

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Item 8.

Identification and Classification of Members of the Group.

N/A

 

Item 9.

Notice of Dissolution of Group.

N/A

 

Item 10.

Certification.

By signing below each of the undersigned certifies that, to the best of its 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.

 

(Page 5 of 6 Pages)

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Signature

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: October 27, 2015

 

 

(Page 6 of 6 Pages)