Unite States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Name of Issuer: Hi-Lo Automotive, Inc.
Title of Class of Securities: Common Stock, $0.01 Par Value
CUSIP Number: 42839D-10-0
Filer: Kwang-chou Hwang, 2432 Keyhole Dr., Irving, TX 75062
Tel: (972) 570-7718
Date of Event which Requires Filing of this Statement:
August 29, 1996
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CUSIP No: 42839D-10-0
1. Name of Reporting Person: Hwang Family Ltd. Partnership
IRS ID No: 75-2590147
2.Check the appropriate box if a Member of a Group (a)
(b) x
3. SEC USE ONLY
4. SOURCE OF FUNDS:
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) or 2(e)
NEGATIVE
6. PLACE OF ORGANIZATION
IRVING, TX, USA
7. SOLE VOTING POWER
654,800 SHARES
8. SHARED VOTING POWER
0 SHARES
9. SOLE DISPOSITIVE POWER
654,800 SHARES
10. SHARED DISPOSITIVE POWER
0 SHARES
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
654,800 SHARES
12. CHECK BOX IF AMOUNT IN (11) EXCLUDES CERTAIN SHARES
NEGATIVE
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1 %
14. TYPE OF REPORTING PERSON
PN
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Item 1. Security and Issuer
Security: Common Stock, $0.01 Par Value
Issuer: HI-LO Automotive, Inc.
2575 West Bellfort
Houston, TX 77054
Item 2. Identity and Background
(a) Hwang Limited Partnership, Partners, Kwang-chou
Hwang and Ming-Ing H. Hwang
(b) 2432 Keyhole Dr.
Irving, TX 75062
(c) Retirees.
(d) No criminal conviction.
(e) No civil conviction in securities law violations.
(f) Citizens of USA.
Item 3. Source and Amount of Funds or Other Considerations
Funds used in purchases of subject security were and will be
supplied by the working capital of the partnership account held
at Charles Schwab & Co.
Item 4. Purpose of Transaction
The reporting person believes that the common stock of HI-LO
Automotive is grossly underpriced, and the purchases were made
with the belief that shareholder values can be enhanced through
proddingthe management to improve its operations or to put the
company up for sale to its competitors. In this effort, the
reporting person intends to seek cooperation of other major
shareholders.
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Item 5. Interest in Securities of the Issuer.
(a) The aggregate number is 654,800 shares, representing 6.1%
of total outstanding.
(b) The reporting person has 100 % right to vote and receive
dividends.
(c) Most of the shares were purchased during the last 60 days
on the NYSE, Charles Schwab acting as broker, with prices
raging between 3-1/8 to 3-3/4. The trades are listed
hereunder:
Date of Purchase Shares Bought Price per share
7/22/96 20,000 3-3/4
7/29/96 20,000 3-3/4
7/30/96 20,000 3-3/4
7/31/96 20,000 3-3/4
7/31/96 10,500 3-5/8
8/01/96 20,000 3-3/4
8/02/96 20,000 3-3/4
8/05/96 14,700 3-5/8
8/05/96 20,000 3-3/4
8/06/96 9,300 3-5/8
8/07/96 1,000 3-3/4
8/08/96 100 3-3/4
8/09/96 18,900 3-3/4
8/09/96 20,000 3-3/8
8/09/96 20,000 3-1/2
8/09/96 10,700 3-5/8
8/09/96 13,600 3-1/4
8/09/96 6,400 3-1/8
8/12/96 20,000 3-3/8
8/12/96 20,000 3-1/4
8/12/96 50,000 3-3/8
8/13/96 30,000 3-1/4
8/16/96 16,000 3-3/8
8/19/96 20,000 3-1/4
8/23/96 20,000 3-3/8
8/26/96 26,000 3-3/8
8/28/96 20,000 3-1/4
8/29/96 25,400 3-3/8
8/30/96 25,600 3-3/8
8/30/96 30,000 3-3/8
8/30/96 50,000 3-1/4
The above-listed trades were all made on the NYSE through Charles
Schwab & Co. In addition, 13,600 shares were bought on the
same exchange through E-Trade at 3-7/8 per share on 7/18/96.
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Item 6. Contracts Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
None.
Item 7. Material to Be Filed as Exhibits.
None.
I certify that the information set forth in this statement
is true, complete and correct.
September 2, 1996 /s/Kwang-chou Hwang
Kwang-chou Hwang
Managing Partner
