<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
ESS Technology, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
269151-10-6
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(CUSIP Number)
*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 disclosures provided in a prior cover page.
The information required in 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 13G
CUSIP No. 269151-10-6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Transpac Capital Pte. Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING 304,582
PERSON WITH --------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------
8 SHARED DISPOSITIVE POWER
304,582
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
304,582
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.8%
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12 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
CUSIP No. 269151-10-6
==========================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Transpac Equity Fund
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
==========================================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING 137,062
PERSON WITH --------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------
8 SHARED DISPOSITIVE POWER
137,062
==========================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,062
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.4%
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12 TYPE OF REPORTING PERSON
OO
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SCHEDULE 13G
CUSIP No. 269151-10-6
==========================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Development Bank of Singapore Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Singapore
==========================================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING 331,707
PERSON WITH --------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------
8 SHARED DISPOSITIVE POWER
331,707
==========================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
331,707
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
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12 TYPE OF REPORTING PERSON
BK
==========================================================================
<PAGE>
SCHEDULE 13G
CUSIP No. 269151-10-6
ITEM 1(a) NAME OF ISSUER: ESS Technology, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
46107 Landing Parkway, Fremont, California 94538
ITEM 2(a) NAME OF PERSON FILING: The information contained in Item (1)
of the cover page pertaining to each reporting person is
incorporated herein by this reference.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business office of each reporting person is located at
6 Shenton Way #20-09, DBS Building Tower Two, Singapore 068809.
ITEM 2(c) CITIZENSHIP: The information contained in Item (4) of the
cover page pertaining to each reporting person is incorporated
herein by reference.
ITEM 2(d) TITLE OF CLASS OF SECURITIES: Common Stock, no par value
ITEM 2(e) CUSIP NUMBER: 269151-10-6
ITEM 3. CLASSIFICATION. Not Applicable
ITEM 4. OWNERSHIP:
The information contained in Items (5), (6), (7), (8), (9) and
(11) of the cover page pertaining to each reporting person is
incorporated herein by this reference. The Development Bank of
Singapore Ltd. may be deemed to be the beneficial holder of the
27,125 shares held by DBS Nominees Pte . Ltd., a wholly-owned
subsidiary. The Development Bank of Singapore Ltd. is also a 32%
shareholder of Transpac Capital Pte. Ltd. ("Transpac"). Transpac
is an investment fund manager that controls voting and
investment power over the shares beneficially held by Transpac
Equity Fund (137,062 shares) and the shares beneficially held by
the following entities: Transpac Ventures I Ltd. (110,204
shares), Transpac Venture Partnership II (55,378 shares),
Transpac Managers Fund I Ltd. (554 shares) and Transpac Managers
Fund II Ltd. (1,384 shares).
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
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 GROUP.
Not Applicable
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SCHEDULE 13G
CUSIP No. 269151-10-6
ITEM 10. CERTIFICATION.
Not Applicable
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.
Dated: February 4, 1997 TRANSPAC CAPITAL PTE. LTD.
a Singapore corporation
By: /s/ Richard D. Judkins
----------------------------
Attorney-In-Fact*
Dated: February 4, 1997 TRANSPAC EQUITY FUND
a British Virgin Islands Trust
By: /s/ Richard D. Judkins
----------------------------
Attorney-In-Fact*
Dated: February 4, 1997 THE DEVELOPMENT BANK OF SINGAPORE LTD.
a Singapore corporation
By: /s/ Richard D. Judkins
----------------------------
Attorney-In-Fact*
* The Powers of Attorney previously filed with the Commission and
appointing Richard D. Judkins as attorney-in-fact for Transpac
Capital Pte. Ltd., Transpac Equity Fund and The Development
Bank of Singapore Ltd. are hereby incorporated herein by this
reference.
<PAGE>
SCHEDULE 13G
CUSIP No. 269151-10-6
EXHIBIT A
AGREEMENT
This will memorialize the agreement by and among all of the
undersigned that the Amendment No. 1 to Schedule 13G identifying each of
the undersigned as "reporting persons" and mailed to ESS Technology, Inc.
("ESS") and filed with the Securities and Exchange Commission on or about
February 4, 1997 with respect to the beneficial ownership of shares of
ESS's Common Stock is being filed on behalf of each of the persons signing
below. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and
the same instrument.
Dated: February 4, 1997 TRANSPAC CAPITAL PTE. LTD.
a Singapore corporation
By: /s/ Richard D. Judkins
----------------------------
Attorney-In-Fact*
Dated: February 4, 1997 TRANSPAC EQUITY FUND
a British Virgin Islands Trust
By: /s/ Richard D. Judkins
----------------------------
Attorney-In-Fact*
Dated: February 4, 1997 THE DEVELOPMENT BANK OF SINGAPORE LTD.
a Singapore corporation
By: /s/ Richard D. Judkins
----------------------------
Attorney-In-Fact*
* The Powers of Attorney previously filed with the Commission and
appointing Richard D. Judkins as attorney-in-fact for Transpac
Capital Pte. Ltd., Transpac Equity Fund and The Development
Bank of Singapore Ltd. are hereby incorporated herein by this
reference.
