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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No.1)*
JETBORNE INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
477144208
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(CUSIP Number)
Robert T. Burke
Mandel, Buder & Verges
101 Vallejo Street
San Francisco, CA 94111
(415) 781-4400
(Name, Address and Telephone Number Persons Authorized to Receive Notices and
Communications)
August 17, 1998
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(Date of Events which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b) (3) or (4), check the following box [_].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page should 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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SCHEDULE 13D
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CUSIP NO. 477144208 PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Horsham Enterprises, Limited
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2 (e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
0
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0
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TYPE OF REPORTING PERSON*
14
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 477144208 Page 3 of 6 Pages
ITEM 1: SECURITY AND ISSUER
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1. Class of Securities: common stock, par value $.01 per share (the "Common
Stock")
2. Issuer: Jetborne International, Inc. ("Jetborne")
3. Principal Address: 4010 Northwest 36th Avenue, Miami, Florida 33142
ITEM 2: IDENTITY AND BACKGROUND
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(a) REPORTING PERSON: Horsham Enterprises Limited ("Horsham")
(b) Business Address: Columbus Centre Building, Wickams Cay, Road Town,
Tortola, British Virgin Islands
(c) Principal Business: Holding investments
(d) Criminal Convictions: None
(e) Civil Ajudication of Violation of Securities Laws: None
(f) Citizenship or place of Organization: British Virgin Islands
Horsham is beneficially owned, in equal shares, by Howard P.L. Yeung and Kenneth
Yeung, who are brothers. The sole managing director of Horsham, and therefore
its sole executive officer and director, is Roy K.C. Chan.
(a) INSTRUCTION C REPORTING PERSON: Howard P.L. Yeung
(b) Business Address: 2202 Kodak House II, 39 Healthy Street, East, North
Point, Hong Kong
(c) Principal Business: Investor
(d) Criminal Convictions (excluding traffic violations or similar
misdemeanors): None
(e) Civil Adjudication of Violation of Securities Laws: None
(f) Citizenship or place of organization: Hong Kong
* * * * * * * * * * * * * * * *
(a) INSTRUCTION C REPORTING PERSON: Kenneth Yeung
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CUSIP No. 477144208 Page 4 of 6 Pages
(b) Business Address: 2202 Kodak House II, 39 Healthy Street, East, North
Point, Hong Kong
(c) Principal Business: Investor
(d) Criminal convictions (excluding traffic violations or similar
misdemeanors): None
(e) Civil Adjudication of Violation of Securities Laws: None
(f) Citizenship or place of organization: Hong Kong
* * * * * * * * * * * * * * * *
(a) INSTRUCTION C REPORTING PERSON: Roy K.C. Chan
(b) Business Address: 2202 Kodak House II, 39 Healthy Street, East, North
Point, Hong Kong
(c) Principal Business: Investor
(d) Criminal Convictions (excluding traffic violations or similar
misdemeanors): None
(e) Civil Adjudication of Violation of Securities Laws: None
(f) Citizenship or place of organization: Hong Kong
* * * * * * * * * * * * * * * *
ITEM 3: SOURCE AND AMOUNT OF FUNDS
- ------------------------------------
Because the option contained in the Stock Option Agreement discussed in Item
5(a) below (the "Option") has expired unexercised, no funds were utilized.
ITEM 4: PURPOSE OF TRANSACTION
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Not applicable.
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CUSIP No. 477144208 Page 5 of 6 Pages
None of the Reporting Persons has any plans or proposals which relate to or
would result in any of the actions specified in clauses (a) through (j) of Item
4 of Schedule 13D.
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER
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(a) On March 16, 1998, Horsham entered into an option agreement, entitled
Stock Option Agreement, with Jetborne (the "Stock Option Agreement").
Pursuant to the Stock Option Agreement (as amended), Horsham had the
option through August 14, 1998, to purchase from Jetborne for $999,000
a total of 1,121,569 shares of Jetborne's Common Stock, which, upon
exercise, would have represented approximately 32.5% of the total
number of shares of Common Stock of Jetborne then outstanding (30%, on
a fully-diluted basis). Such option expired unexercised on August 14,
1998. As stated above, Horsham is controlled by Howard P.L. Yeung and
Kenneth Yeung.
(b) Except as set forth in Item 5(a) above, no transactions in the class
of securities reported on were effected during the past sixty days by
the Reporting Persons.
(c) Not applicable
(d) As stated above, Horsham is controlled by Howard P.L. Yeung and
Kenneth Yeung.
(e) Ownership below 5%: Not applicable
ITEM 6: CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
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TO SECURITIES OF THE ISSUER
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None.
ITEM 7: EXHIBITS
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None.
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CUSIP No. 477144208 Page 6 of 6 Pages
SIGNATURE
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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.
Horsham Enterprises Limited
/s/ Roy K.C. Chan
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By: Roy K.C. Chan, Managing Director
