Pacific Electric (APWC) boosts control to 84.1% after $29.9M rights buy

Rhea-AI Filing Summary

Pacific Electric Wire & Cable Co., Ltd. and its affiliates filed Amendment No. 6 to update their ownership in Asia Pacific Wire & Cable Corporation Limited following a rights offering. The group invested about $29,864,550.38 to purchase newly issued common shares at $1.66 per share.

Through Pacific Electric, Moon View Ventures Limited, and Pacific Holdings Group, they received and fully exercised 16,690,693 basic subscription rights. After the transaction, Pacific Electric is the beneficial owner of 34,681,386 common shares, representing 84.1% of APWC’s 41,232,454 shares outstanding as of March 11, 2026.

Insights

Equity ownership & governance analyst

Controlling shareholder boosts stake to 84.1% via rights offering.

Pacific Electric and its subsidiaries fully participated in an APWC rights offering, investing working capital to buy newly issued shares at $1.66 each. They exercised 16,690,693 basic subscription rights across the group, consolidating control.

After issuance, APWC had 41,232,454 shares outstanding, with Pacific Electric beneficially owning 34,681,386 shares, or 84.1%. This includes large indirect holdings through Moon View and Pacific Holdings. Such concentration means public float is relatively small and governance is dominated by the controlling shareholder.

The filing also refreshes board composition at Pacific Electric and Pacific Holdings. Future company decisions, including capital structure and strategic moves described in later filings, will occur under this reinforced control structure, which can influence minority shareholder dynamics and liquidity.

Key Figures

Total investment in rights offering: $29,864,550.38 Subscription price: $1.66 per share Basic subscription rights exercised: 16,690,693 rights/shares +5 more

8 metrics

Total investment in rights offering $29,864,550.38 Working capital invested by reporting persons in newly issued APWC common shares

Subscription price $1.66 per share Price per APWC common share in the rights offering

Basic subscription rights exercised 16,690,693 rights/shares Total basic subscription rights received and fully exercised by reporting persons

Shares outstanding post-offering 41,232,454 shares APWC common shares issued and outstanding after the rights offering

Pacific Electric beneficial stake 34,681,386 shares (84.1%) Beneficial ownership of APWC common shares as of March 11, 2026

Moon View Ventures holdings 26,418,188 shares (64.1%) APWC common shares owned of record by Moon View after the rights offering

Pacific Holdings Group holdings 4,054,108 shares (9.8%) APWC common shares owned of record by Pacific Holdings after the rights offering

Pacific Electric direct holdings 4,209,090 shares (10.2%) APWC common shares held directly by Pacific Electric as of March 11, 2026

Key Terms

Rights Offering, subscription rights, over-subscription right, Form F-1 Registration Statement, +2 more

6 terms

Rights Offering financial

"terms and conditions of its subscription rights offering to holders of record"

A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.

subscription rights financial

"received a total of 16,690,693 basic subscription rights"

Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.

over-subscription right financial

"and, subject to the requirements described in the Prospectus, an over-subscription right"

An over-subscription right is a privilege given to existing investors that allows them to buy additional shares during a company's new stock offering if there's high demand, beyond their initial allocation. It helps investors increase their ownership stake when more people want to buy shares than are available, similar to being given the option to buy extra tickets to a sold-out concert. This right can benefit investors by allowing them to strengthen their investment before the new shares are offered to the public.

Form F-1 Registration Statement regulatory

"Issuer filed Amendment No. 3 to Form F-1 Registration Statement"

A Form F-1 registration statement is the document a non‑U.S. company files with the U.S. securities regulator to register shares or other securities for sale to U.S. investors. It provides investors with standardized, detailed information — company operations, audited financials, key risks, how the offering works and what the company will do with the money raised — like a product label that helps you judge value and risk before investing.

beneficial owner financial

"Pacific Electric is the beneficial owner of 34,681,386 Common Shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13D regulatory

"for purposes of Section 13(d) or 13(g) of the Securities Exchange Act"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED

(Name of Issuer)

Common Shares, $0.01 Par Value Per Share

(Title of Class of Securities)

G0535E106

(CUSIP Number)

Mica Ko
26/Fl., No. 95, Sec. 2, Dunhua S. Road, Da'an District
Taipei City, F5, 10682
886-2-6636-6128

Paul Weber
2901 Dallas Parkway, Suite 360,
Plano, TX, 75093
469-797-7191

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/11/2026

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G0535E106

1

Name of reporting person

Pacific Electric Wire & Cable Co., Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TAIWAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 34,681,386.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 34,681,386.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

34,681,386.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

84.1 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): G0535E106

1

Name of reporting person

Moon View Ventures Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 26,418,188.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 26,418,188.00

11

Aggregate amount beneficially owned by each reporting person

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

64.1 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): G0535E106

1

Name of reporting person

Pacific Holdings Group

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,054,108.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,054,108.00

11

Aggregate amount beneficially owned by each reporting person

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.01 Par Value Per Share
(b)	Name of Issuer: ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED
(c)	Address of Issuer's Principal Executive Offices: 26/Fl., No. 95, Sec. 2, Dunhua South Road, Da'an District, Taipei City, TAIWAN , 10682.
Item 1 Comment: Statement for Schedule 13D/A: This Amendment No. 6 to Schedule 13D is filed by Pacific Electric Wire & Cable Co., Ltd. ("Pacific Electric"), Moon View Ventures Limited, B.V.I. ("Moon View") and Pacific Holdings Group ("Pacific Holdings"), collectively referred to herein as the "Reporting Persons", to amend and supplement Schedule 13D originally filed September 27, 2005 (the "Initial Statement") as amended by Amendment No. 1 filed November 23, 2007, Amendment No. 2 filed March 30, 2009, Amendment No. 3 filed September 17, 2015, Amendment No. 4 filed January 25, 2022 ("Amendment 04") and Amendment No. 5 filed February 10, 2022 (collectively "Schedule 13D"). Both Moon View and Pacific Holdings are direct or indirect wholly-owned subsidiaries of, and are beneficially owned and controlled by Pacific Electric. The filing of this Amendment No. 6 shall not be construed as an admission that Pacific Electric, Moon View, Pacific Holdings or any of their executive officers or directors are, for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "1934 Act"), the beneficial owners of any securities covered by this statement or that this statement is required to be filed by such persons.
Item 2.	Identity and Background
(a)	Pacific Electric is a Taiwan limited company whose business address is 26/Fl., No. 95, Sec. 2, Dunhua S. Road, Da'An Dist., Taipei City 10682, Taiwan, R.O.C. Pacific Electric is a general business conglomerate focused primarily on the electric cable and wire industry, engaged in manufacturing, telecommunications and technology; Moon View is a British Virgin Island company, whose business address is Unit 1008, 10/F., Nan Fung Tower, 173 Des Voeux Road, Central, Hong Kong. Moon View is a holding company with no operations; Pacific Holdings is a Nevada corporation whose business address is 2901 Dallas Parkway, Suite 360, Plano Texas 75093. Pacific Holdings is a holding company with no operations.
(b)	The chart of Directors and Executive Officers in Amendment 04 is updated and revised by this Amendment No. 6 to report the following changes for Pacific Holdings and Pacific Electric. Pacific Holdings: delete Dao Ji Sun as Director. Pacific Electric: Delete the following three Directors: (1) JS Enterprise Co., Ltd., (2) Ta Hsin Investment Co., Ltd., and (3) Super Fast Co., Ltd. Add the following three Directors, each a Taiwan limited company. RY Investment Co., Ltd. 8/Fl., No. 82, Guangfu N. Rd., Songshan Dist. Taipei City 105036, Taiwan (R.O.C) Yuan Yuan Investment Co., Ltd. 1/Fl., No.24, Ln. 252, Sec. 1, Dunhua S. Rd., Da'an Dist. Taipei City 106074, Taiwan (R.O.C.) HY International Co., Ltd. 8/Fl., No. 82, Guangfu N. Rd., Songshan Dist. Taipei City 105036, Taiwan (R.O.C)
(d)	None
(e)	None
Item 3.	Source and Amount of Funds or Other Consideration
	As discussed in Item 4, the Reporting Persons used working capital to invest approximately $29,864,550.38 in newly issued Common Shares of the Issuer through participation in Issuer's Rights Offering.
Item 4.	Purpose of Transaction
	On November 26, 2025 Issuer filed Amendment No. 3 to Form F-1 Registration Statement (the "F-1") and filed its prospectus on December 18, 2025 (the "Prospectus") setting forth the terms and conditions of its subscription rights offering to holders of record of its Common Shares as of December 11, 2025 (the "Rights Offering"). Under the provisions of the Rights Offering, the Reporting Persons received a total of 16,690,693 basic subscription rights, consisting of 2,104,545 to Pacific Electric, 12,559,094 to Moon View, and 2,027,054 to Pacific Holdings, which entitled the Reporting Persons to purchase 16,690,693 Common Shares at the subscription price of $1.66 per Common Share and, subject to the requirements described in the Prospectus, an over-subscription right. Each of the Reporting Persons fully exercised their basic subscription rights. Based on their respective investments in the Rights Offering, the Reporting Persons were issued Common Shares of Issuer as follows: Pacific Electric invested $3,493,544.70 and was issued 2,104,545 Common Shares of Issuer; Moon View invested $23,006,096.04 and was issued 13,859,094 Common Shares of Issuer; and Pacific Holdings invested $3,364,909.64 and was issued 2,027,054 Common Shares of Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Subsequent to the issuance of the Common Shares pursuant to the Rights Offering, Issuer had 41,232,454 Common Shares issued and outstanding. Pacific Electric is the beneficial owner of 34,681,386 Common Shares, representing 84.1% of the outstanding Common Shares as of March 11, 2026. Pacific Electric owns 4,209,090 Common Shares directly (10.2% of the outstanding Common Shares) and the remaining shares indirectly, as a result of (i) Pacific Electric's control of its wholly-owned subsidiary Moon View, which owns of record 26,418,188 Common Shares (64.1% of the outstanding Common Shares) and (ii) Pacific Electric's control of its indirect wholly-owned subsidiary Pacific Holdings, which owns of record 4,054,108 Common Shares (9.8% of the outstanding Common Shares).
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than the relationship information set forth in Item 5 above, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons and any person with respect to any securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	None

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.

Pacific Electric Wire & Cable Co., Ltd.

Signature:	Pacific Electric Wire & Cable Co., Ltd.
Name/Title:	Yuan Chun Tang/President
Date:	03/30/2026

Moon View Ventures Limited

Signature:	Moon View Ventures Limited
Name/Title:	Yuan Chun Tang/Director
Date:	03/30/2026

Pacific Holdings Group

Signature:	Pacific Holdings Group
Name/Title:	Yuan Chun Tang/President
Date:	03/30/2026

FAQ

How much of Asia Pacific Wire & Cable (APWC) does Pacific Electric now beneficially own?

Pacific Electric beneficially owns 84.1% of APWC’s common shares. After the rights offering, it controls 34,681,386 common shares out of 41,232,454 outstanding as of March 11, 2026, largely through subsidiaries Moon View Ventures and Pacific Holdings.

What did the APWC rights offering cost Pacific Electric and its affiliates?

The reporting group invested approximately $29,864,550.38 in APWC’s rights offering. They used working capital to exercise 16,690,693 basic subscription rights at a subscription price of $1.66 per common share, increasing their overall ownership stake in the company.

How many APWC shares were outstanding after the rights offering described in the Schedule 13D/A?

APWC had 41,232,454 common shares outstanding after the rights offering. This figure is used to calculate the reporting group’s ownership percentages, including Pacific Electric’s 84.1% beneficial stake and the separate stakes held by Moon View and Pacific Holdings.

What stakes do Moon View Ventures and Pacific Holdings hold in APWC after the transaction?

Moon View Ventures holds 26,418,188 shares (64.1%), and Pacific Holdings holds 4,054,108 shares (9.8%). Both are wholly owned subsidiaries within the Pacific Electric group, contributing to Pacific Electric’s overall 84.1% beneficial ownership position in APWC.

At what price did the reporting persons purchase new APWC shares in the rights offering?

The subscription price was $1.66 per APWC common share. Pacific Electric and its subsidiaries fully exercised their basic subscription rights at this price, acquiring newly issued shares and investing a combined total of about $29.9 million in working capital.

What changes to directors and officers are disclosed for Pacific Electric and Pacific Holdings?

The amendment updates board composition for Pacific Holdings and Pacific Electric. It removes certain prior directors and adds three Taiwan limited companies—RY Investment, Yuan Yuan Investment, and HY International—as new directors of Pacific Electric, reflecting revised governance at the parent level.