[DESCRIPTION]SCHEDULE 13G/A
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
MAS ACQUISITION XX CORP.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
(CUSIP Number)
September 30, 1999
(Date of Event Which Requires Filing of this Statement)
Aaron Tsai
c/o MAS Financial Corp.
1710 E. Division St.
Evansville, Indiana 47711
(812) 479-7266
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[x] Rule 13d-1(c)
[_] 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 the 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).
Page 1 of 7
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CUSIP No.:
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
MAS Capital Management Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bahamas
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 8,250,000
EACH --------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH --------------------------------------------
8 SHARED DISPOSITIVE POWER
8,250,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,250,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
96.8%
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12 TYPE OF REPORTING PERSON
CO
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2
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CUSIP No.:
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Aaron Tsai
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 8,250,000
EACH --------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH --------------------------------------------
8 SHARED DISPOSITIVE POWER
8,250,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,250,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
96.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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3
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CUSIP No.:
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Shane Subloo
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Australia
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF SHARES --------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 8,250,000
EACH --------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH --------------------------------------------
8 SHARED DISPOSITIVE POWER
8,250,000
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,250,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
96.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
4
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Item 1.
(a) Name of Issuer: MAS Acquisition XX Corp.
(b) Address of Issuer's Principal Executive Offices:
1710 E. Division St.
Evansville, IN 47711
Item 2.
(a) Name of Person Filing: MAS Capital Management Inc.,
Aaron Tsai and Shane Subloo.
(b) Address of Principal Business Office:
MAS Capital Management Inc. and
Shane Subloo
9 Sandpiper Court
Fairview, Queensland
Australia
Aaron Tsai
1710 E. Division St.
Evansville, IN 47711
(c) Citizenship: MAS Capital Management Inc. - Bahamas,
Aaron Tsai - USA, Shane Subloo, Australia.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 55261E 10 7
Item 3. Not Applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 8,250,000
(b) Percent of Class: 96.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote 8,250,000.
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
8,250,000.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
5
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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 a Group
Not Applicable.
Item 10. Certification
Not Applicable.
6
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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.
October 8, 1999
MAS Capital Management Inc.
By: /s/ Aaron Tsai
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Aaron Tsai
Chairman of the Board of Directors
Page 7 of 7
* Pursuant to the Joint Filing Agreement with respect to Schedule 13G
attached hereto as Exhibit I, among MAS Capital Management Inc., Aaron Tsai
and Shane Subloo. This Schedule 13G statement is filed on behalf of each
of them.
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EXHIBIT I
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed
herewith is filed jointly, pursuant to Rule 13d-1(f)(1) of the Securities
Exchange Act of 1934, as amended on behalf of each of them.
Dated: October 8, 1999
MAS Capital Management Inc.
By: /s/ Shane Subloo
----------------
Shane Subloo
President
By: /s/ Aaron Tsai
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Aaron Tsai
By: /s/ Shane Subloo
----------------
Shane Subloo
