SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED (Name of Issuer) COMMON STOCK, $.01 PAR VALUE (Title of Class of Securities) G0535E106 (CUSIP Number) Michael J. Hagan, Esq. Coudert Brothers LLP 1114 Avenue of the Americas New York, NY 10036 (212) 626-4400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 15, 2004 (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 Rules 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 for other parties to whom copies are to be sent. ----------------- *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 disclosure 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). CUSIP No. G0535E106 =========================================================================================================== 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SINO-JP FUND CO., LTD. IRS IDENTIFICATION NO. - N/A - FOREIGN CORPORATION ----------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS: AF ----------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS ----------------------------------------------------------------------------------------------------------- 7. SOLE VOTING POWER: 0 ---------------------------------------------------------------------------------- NUMBER OF SHARES 8. SHARED VOTING POWER: BENEFICIALLY 10,074,102 OWNED BY EACH ---------------------------------------------------------------------------------- REPORTING PERSON 9. SOLE DISPOSITIVE POWER: WITH 0 ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER: 10,074,102 ----------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,074,102 ----------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 72.8% ----------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: IV, CO =========================================================================================================== 2 CUSIP No. G0535E106 =========================================================================================================== 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SINO-JP ASSETS MANAGEMENT CO., LTD. IRS IDENTIFICATION NO. - N/A - FOREIGN CORPORATION ----------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS: AF ----------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS ----------------------------------------------------------------------------------------------------------- 7. SOLE VOTING POWER: 0 ---------------------------------------------------------------------------------- NUMBER OF SHARES 8. SHARED VOTING POWER: BENEFICIALLY 10,074,102 OWNED BY EACH ---------------------------------------------------------------------------------- REPORTING PERSON 9. SOLE DISPOSITIVE POWER: WITH 0 ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER: 10,074,102 ----------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,074,102 ----------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 72.8% ----------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: IA, CO =========================================================================================================== 3 CUSIP No. G0535E106 =========================================================================================================== 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EXPERT TIME HOLDINGS LIMITED IRS IDENTIFICATION NO. - N/A - FOREIGN CORPORATION ----------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS: AF ----------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS ----------------------------------------------------------------------------------------------------------- 7. SOLE VOTING POWER: 0 ---------------------------------------------------------------------------------- NUMBER OF SHARES 8. SHARED VOTING POWER: BENEFICIALLY 10,074,102 OWNED BY EACH ---------------------------------------------------------------------------------- REPORTING PERSON 9. SOLE DISPOSITIVE POWER: WITH 0 ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER: 10,074,102 ----------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,074,102 ----------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 72.8% ----------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: CO =========================================================================================================== 4 CUSIP No. G0535E106 =========================================================================================================== 1. NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WELLEN SHAM IRS IDENTIFICATION NO. - N/A ----------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] ----------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY ----------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS: AF ----------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ----------------------------------------------------------------------------------------------------------- 7. SOLE VOTING POWER: 0 ---------------------------------------------------------------------------------- NUMBER OF SHARES 8. SHARED VOTING POWER: BENEFICIALLY 10,074,102 OWNED BY EACH ---------------------------------------------------------------------------------- REPORTING PERSON 9. SOLE DISPOSITIVE POWER: WITH 0 ---------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER: 10,074,102 ----------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,074,102 ----------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ----------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 72.8% ----------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: IN =========================================================================================================== 5 ITEM 1. Security and Issuer. The class of securities to which this Statement relates is the Common Stock, par value $0.01 per share, of Asia Pacific Wire & Cable Corporation Limited, a Bermuda corporation (the "Company"). The principal executive office of the Company is located at 19 Benoi Road, Level 3A, Sigma Cable High Tech Complex, Singapore 629909. ITEM 2. Identity and Background. This Statement is filed by Sino-JP Fund Co., Ltd. ("Sino-JP"), Sino-JP Assets Management Co., Ltd. ("Sino-JP Assets"), Expert Time Holdings Limited ("Expert") and Wellen Sham. The principal business address of Sino-JP is The Imperial Hotel Tower, 17F, 1-1-1, Uchi-saiwaicho, Chiyoda-ku, Tokyo, Japan. The principal business address of Sino-JP Assets is Room 601, Lane 1398, Uptown No. 3, Gubei Road, Gubei New Area, Shanghai 200336, China. The principal business address of Expert is Room 601, Lane 1398, Uptown No. 3, Gubei Road, Gubei New Area, Shanghai 200336, China. The principal business address of Mr. Sham is Room 601, Lane 1398, Uptown No. 3, Gubei Road, Gubei New Area, Shanghai 200336, China. Mr. Sham's principal occupation is merchant. None of the reporting persons or the officers and directors of any of the reporting persons have been convicted in a criminal proceeding in the past five years (excluding traffic violations or similar misdemeanors). None of the reporting persons or the officers and directors of any of the reporting persons were during the last five years a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. Source and Amount of Funds or Other Consideration. Pursuant to a Share Purchase Agreement (the "Share Purchase Agreement") entered into by Asset Managers Co., Ltd ("AMC") and Pacific Electric Wire & Cable Co., Ltd. ("PEWC") on September 10, 2004, AMC paid $26,000,000 to acquire the 10,074,102 shares described in Item 4 using funds included in its working capital. AMC has assigned all its rights under the Share Purchase Agreement to Sino-JP. ITEM 4. Purpose of Transaction. The reporting persons have acquired the shares of the Company for investment purposes. On July 2, 2004, Set Top International, Inc. ("Set Top"), PEWC and the Company entered into a Settlement Agreement (the "Settlement Agreement") to resolve certain competing claims regarding the ownership of 10,074,102 shares of common stock of the Company. Under the terms of the Settlement Agreement, PEWC, the Company and Set Top agreed to release all claims and 6 obligations and agreed to dismiss all proceedings against each other. Pursuant to the Settlement Agreement, 10,074,102 shares (constituting 6,976,666 shares held by Pacific USA Holdings Corp. and 3,097,436 shares held by Kinbong Holdings Limited, both subsidiaries of PEWC) of the common stock of the Company were registered in the name of Set Top. The certificates representing these shares were delivered to an escrow agent (the "Escrow Agent") pursuant to the terms of an Escrow Agreement dated on or about July 9, 2004 among Set Top, the Escrow Agent, PEWC and the Company. Under the Settlement Agreement, PEWC had the right to repurchase the 10,074,102 shares of common stock of the Company held by the Escrow Agent for a purchase price of $25,000,000. In order to exercise this repurchase right, PEWC was required to make full payment of the purchase price to the Escrow Agent by September 30, 2004. PEWC and AMC agreed that the repurchase right would be exercised by AMC. Pursuant to the Share Purchase Agreement, on September 15, 2004, AMC purchased from Set Top 10,074,102 shares of the Company at a price of US$2.581 per share or a total of $26 million (which included certain transaction expenses). AMC assigned all its rights under the Share Purchase Agreement and all its interest in these shares to Sino-JP pursuant to a direction letter addressed to PEWC (the "Direction"). According to the terms of the Share Purchase Agreement and the Direction, Sino-JP has the right to appoint up to three directors to the board of each of the Company and any of its subsidiaries. These directors appointed by Sino-JP shall have the absolute right to veto any resolution which would otherwise be passed by the relevant board. The Company has agreed to amend its bye-laws, and to cause each of its subsidiaries to amend their respective bye-laws or equivalent charter documents, to grant that veto right to the designee directors of Sino-JP. Pursuant to an Option and Return Guarantee Agreement entered into by PEWC and AMC, for a period of three years from the closing date of the Share Purchase Agreement, PEWC has a call option to purchase 7,307,948 of the shares, representing 52.84% of the outstanding shares of the Company, at a strike price of US$2.581 each. ITEM 5. Interest in Securities of the Issuer. Pursuant to the terms of the Share Purchase Agreement as described in Item 4 above, as of September 15, 2004, Sino-JP beneficially owns 10,074,102 shares of common stock of the Company. These shares represent a 72.8% controlling interest in the Company. Sino-JP is a wholly-owned subsidiary of Sino-JP Assets. Expert is the majority shareholder of Sino-JP Assets. Mr. Wellen Sham is the sole shareholder, officer and director of Expert. ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The information set forth in Item 4 above is incorporated herein by reference. Additionally, Sino-JP and Sino-JP Assets entered into that certain investment management agreement on September 9, 2004 (the "Investment Management Agreement"), pursuant to which Sino-JP appointed Sino-JP Assets to manage its investment in the Company. 7 ITEM 7. Material to be Filed as Exhibits. Exhibit A - Joint Filing Agreement Exhibit B - Share Purchase Agreement Exhibit C - Option and Return Guarantee Agreement Exhibit D - Investment Management Agreement Exhibit E - Direction 8 SCHEDULE 1 Information Regarding Officers and Directors of Sino-JP Fund Co., Ltd. and Sino-JP Assets Management Co., Ltd. SINO-JP FUND CO., LTD. Directors --------- ---------------------------------------------------------------------------------------------- Name and Title Address Principal Occupation Citizenship ---------------------------------------------------------------------------------------------- Wellen Sham Room 601, Lane 1398, Merchant USA Director Uptown No. 3, Gubei Road, Gubei New Area, Shanghai 200336, China ------------------------ --------------------------- ---------------------- ------------------ Ryoji Furukawa The Imperial Hotel Tower, Merchant Japan Director 17F, 1-1-1, Uchi-saiwaicho, Chiyoda-ku, Tokyo, Japan ------------------------ --------------------------- ---------------------- ------------------ Takehiko Wakayama 15-14 Merchant Japan Director Hoshigaoka-motmachi, Chikusa-ku, Nagoya, 464-0802, Japan ---------------------------------------------------------------------------------------------- Executive Officers ------------------ ---------------------------------------------------------------------------------------------- Name and Title Address Principal Occupation Citizenship ---------------------------------------------------------------------------------------------- None N/A N/A N/A ---------------------------------------------------------------------------------------------- SINO-JP ASSETS MANAGEMENT CO., LTD. Directors --------- ---------------------------------------------------------------------------------------------- Name and Title Address Principal Occupation Citizenship ---------------------------------------------------------------------------------------------- Wellen Sham Room 601, Lane 1398, Merchant USA Director Uptown No. 3, Gubei Road, Gubei New Area, Shanghai 200336, China ------------------------ --------------------------- ---------------------- ------------------ Ryoji Furukawa The Imperial Hotel Tower, Merchant Japan Director 17F, 1-1-1, Uchi-saiwaicho, Chiyoda-ku, Tokyo, Japan ------------------------ --------------------------- ---------------------- ------------------ Takehiko Wakayama 15-14 Merchant Japan Director Hoshigaoka-motmachi, Chikusa-ku, Nagoya, 464-0802, Japan ---------------------------------------------------------------------------------------------- 9 Executive Officers ------------------ ---------------------------------------------------------------------------------------------- Name and Title Address Principal Occupation Citizenship ---------------------------------------------------------------------------------------------- None N/A N/A N/A ---------------------------------------------------------------------------------------------- 10 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: September 24, 2004 SINO-JP FUND CO., LTD. By: /s/ Ryoji Furukawa ------------------ Name: Ryoji Furukawa Title: Director SINO-JP ASSETS MANAGMENT CO., LTD. By: /s/ Ryoji Furukawa ------------------ Name: Ryoji Furukawa Title: Director EXPERT TIME HOLDINGS LIMITED By: /s/ Wellen Sham --------------- Name: Wellen Sham Title: Director WELLEN SHAM /s/ Wellen Sham --------------- 11