SCHEDULE
13D
CUSIP
NO. 825827108
1
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NAME
OF REPORTING PERSONS
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
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Yap
Nee Seng
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
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(b)
☐
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3
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SEC
USE ONLY
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|
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4
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SOURCE
OF FUNDS
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PF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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☐
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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Malaysia
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
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7
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SOLE VOTING POWER
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40,000,020
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8
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SHARED VOTING POWER
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None
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9
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SOLE DISPOSITIVE POWER
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40,000,020
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10
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SHARED DISPOSITIVE POWER
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None
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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40,000,020
shares
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12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE
INSTRUCTIONS)
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☐
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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92.11%*
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14
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TYPE
OF REPORTING PERSON
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IN
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*
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Based upon 43,425,000 shares of the Issuer’s common
stock issued and outstanding as of November 13, 2017.
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Item
1. Security and Issuer
This
statement relates to the purchase by the Reporting Person of 40,000,020 Shares of the common stock, $.01 par value (the
“Shares”), of Sichuan Leaders Petrochemical Company (the “Issuer”), having its principal executive
offices at No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia.
Item
2. Identity and Background
(a)
The reporting person for purposes of this statement is Yap Nee Seng (the “Reporting Person”).
(b)
The business address of the Reporting Person is No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia.
(c)
Yap Nee Seng, upon completion of purchase of the Shares of the Issuer, will be a director and executive officer of the Issuer.
Yap Nee Seng also serves as Chief Executive Officer and Chairman of BBB Global Holding Limited. The business address of BBB Global
Holding Limited is No. 66 Jalan City, Icon City, 14000 Bukit Mertajam, Penang, Malaysia.
(d)
The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e)
The Reporting Person has not, during the last five years, 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)
The citizenship of the Reporting Person is Malaysia.
Item
3. Source and Amount of Funds
The
source of the funds, in the aggregate sum of $375,000, used by the Reporting Person to acquire the Shares to which this statement
relates was personal funds.
Item
4. Purpose of Transaction
The
Reporting Person purchased the Shares, constituting a controlling interest in the Issuer, with the intention of using the
Issuer as a vehicle to acquire the business operations of a third party or to be acquired by an operating business entity
(either, a “Business Transaction”).
(a)
Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any
plan or proposal which relates to or which would have the effect of any acquisition of additional, or disposition of any,
securities of the Issuer.
(b)
Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any
plan or proposal which relates to or would result in an extraordinary transaction involving the Issuer or any subsidiary of
the Issuer.
(c)
Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any
plan or proposal which relates to or would result in a sale or transfer of a material amount of the assets of the Issuer or
any subsidiary of the Issuer.
(d)
Immediately following purchase of the Shares, the Board of the Issuer appointed the Reporting Person as a Director of the Issuer
and as President, Chief Executive Officer and Chairman of the Board of Directors of the Issuer, to serve until his successor is
elected and qualified or upon his earlier death, resignation or removal pursuant to the Issuer’s by-laws.
(e)
Except for the change of control which resulted from the purchase of the Shares by the Reporting Person and for the proposed Business
Transaction as it relates to the Reporting Person, the Reporting Person does not have any further plan or proposal which relates
to or would result in a material change in the Issuer’s present capitalization or dividend policy.
(f)
Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any
plan or proposal which relates to or would result in a material change in the business or corporate structure of the
Issuer.
(g)
Except for the proposed Business Transaction as it relates to the Reporting Person, the Reporting Person does not have any
plan or proposal which relates to or would result in a change in the Issuer’s charter, by-laws or instruments corresponding
thereto which may impede the acquisition of the Issuer by any person.
(h)
The Reporting Person does not have any plan or proposal which relates to or would result in 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)
The Reporting Person does not have any plan or proposal which relates to or would result in a class of equity securities of the
Issuer becoming eligible for termination or registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934,
as amended.
(j)
The Reporting Person does not have any plan or proposal which relates to or would result in any action similar to those described
in paragraphs (a) through (i) above.
Item
5. Interest in Securities of the Issuer
(a)
Following purchase of the Shares, the Reporting Person owns an aggregate of 40,000,020 shares of the Common Stock,
constituting 92.11% of the issued and outstanding shares of the Issuer’s Common Stock based upon the 43,425,000 shares of
Issuer’s Common Stock issued and outstanding as of November 15, 2017.
(b)
The Reporting Person has sole power to vote or direct to vote of the Shares and the sole power to dispose or to direct the disposition
of the Shares.
(c)
The Reporting Person has not effected any transaction involving the Issuer’s securities within the sixty (60) preceding days.
(d)
No other person has the right to receive or the right to direct the receipt of dividends from, or the proceeds from the sale of,
the Shares.
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The
Reporting Person does not have any contract, arrangement, understanding or relationship with any person with respect to the
Shares. As disclosed under Item 4(d) above, the Reporting Person was appointed a director of the Issuer and appointed as
President, Chief executive officer and Chairman of the Board of Directors of the Issuer on October 31, 2017.
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.
November 15, 2017
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/s/ Yap Nee Seng
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Yap Nee Seng
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6