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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13D
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(Amendment No. 2)
(Rule 13d-101)
Under the Securities Exchange Act of 1934
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WRP CORPORATION
(formerly known as Mbf USA, Inc.)
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(Name of Issuer)
Common Stock, $.01 Value
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(Title of Class of Securities)
025480 104
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(CUSIP Number)
Lew Kwong Ann
500 Park Boulevard, Suite 1260
Itasca, Illinois 60143
(630) 285-9191
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
Stephen M. Wiseman
King & Spalding
1185 Avenue of the Americas
New York, New York 10036
August 5, 1999
(Date of Event 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(e), 13d-1(f) or 13d-1(g), check the following box: [ ]
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
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<CAPTION>
SCHEDULE 13D FORMS
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<S> <C> <C>
CUSIP No. 025480 104 13D PAGE 2 OF 4 PAGES
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</TABLE>
<TABLE>
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<S> <C>
1 NAME OF REPORTING PERSONS
WRP Asia Pacific Sdn Bhd (formerly known as Wembley Rubber
Products (M) Sdn Bhd)
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [ ]
TO ITEM 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Malaysia
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NUMBER OF
SHARES 7 SOLE VOTING POWER 3,752,538(1)
BENEFICIALLY ----------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER -0-
EACH ----------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 3,752,538
PERSON WITH ----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,752,538
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
54.2%(2)
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14 TYPE OF REPORTING PERSON
CO
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</TABLE>
(1) Represents 1,252,538 shares of Class A Common Stock of the Issuer
which are convertible into Common Stock on a one-for-one basis and
2,500,000 shares of Common Stock owned directly.
(2) This percentage is based upon the conversion of all 1,252,538 shares
of Class A Common Stock into Common Stock and the issuance of an
additional 2,500,000 shares of Common Stock by the Issuer in a
transaction exempt from registration under the Securities Act of 1933,
as amended (the "Securities Act"), pursuant to Regulation S
thereunder.
2
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STATEMENT PURSUANT TO RULE 13d-1
OF THE
GENERAL RULES AND REGULATIONS
UNDER THE
SECURITIES EXCHANGE ACT OF 1934
This Amendment No. 2 to the Schedule 13D filed by WRP Asia
Pacific Sdn Bhd (formerly known as Wembley Rubber Products (M) Sdn Bhd) on
April 10, 1998 hereby amends and replaces Item 4 as follows:
Item 4. Purpose of Transaction.
On June 7, 1999, WRP Asia Pacific Sdn Bhd ("WRP") made a proposal to the
Board of Directors of the Issuer to combine WRP and the Issuer. The Issuer
appointed a special committee of the Board of Directors to evaluate WRP's
proposal. On August 5, 1999, WRP advised the special committee that WRP was
withdrawing its proposal based upon its belief that current industry conditions
and the uncertainty associated with the timing of any secondary offering by the
combined company make the proposed merger less attractive at this time.
Except as set forth above, WRP has no present plans or intentions which
would result in or relate to any of the transactions described in subparagraphs
(a) through (j) of Item 4 of Schedule 13D; provided, however, as the holder of
all of the Issuer's Class A Common Stock, WRP has the ability to appoint a
majority of the Issuer's Board of Directors and may effect changes in the
Issuer's Board of Directors as it sees fit.
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SIGNATURES
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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.
Dated: August 5, 1999
WRP ASIA PACIFIC SDN BHD
By: /s/ LEW KWONG ANN
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Name: Lew Kwong Ann
Title: Director
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