| Item 1. | |
| (a) | Name of issuer:
Karooooo Ltd. |
| (b) | Address of issuer's principal executive offices:
1 Harbourfront Avenue Keppel Bay Tower #14-07 Singapore 098632 |
| Item 2. | |
| (a) | Name of person filing:
Gobi Capital LLC and Bo Shan together the "Reporting Persons" |
| (b) | Address or principal business office or, if none, residence:
909 Montgomery Street, Suite 400
San Francisco, CA 94133 |
| (c) | Citizenship:
Gobi Capital LLC is a Delaware limited liability company. Bo Shan is a citizen of the United States. |
| (d) | Title of class of securities:
Ordinary Shares, no par value |
| (e) | CUSIP No.:
Y4600W108 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
|
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) |  An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
Gobi Capital LLC: 2,200,668
Bo Shan: 2,200,668 |
| (b) | Percent of class:
Gobi Capital LLC: 7.12%.
Bo Shan: 7.12%. |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
Gobi Capital LLC - 0
Bo Shan - 0
|
| | (ii) Shared power to vote or to direct the vote:
Gobi Capital LLC - 2,200,668
Bo Shan - 2,200,668
|
| | (iii) Sole power to dispose or to direct the disposition of:
Gobi Capital LLC - 0
Bo Shan - 0
|
| | (iv) Shared power to dispose or to direct the disposition of:
Gobi Capital LLC - 2,200,668
Bo Shan - 2,200,668
|
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Not Applicable
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Gobi Capital LLC ("Gobi"), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 2,200,668 shares, or 7.12% of the Ordinary Shares believed to be outstanding, as a result of acting as investment adviser to various clients. Bo Shan is the managing member of Gobi and as such is deemed to be the beneficial owner of 2,200,668 shares, or 7.12% of the Ordinary Shares believed to be outstanding. Clients of Gobi have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities. Gobi Master Fund, Ltd., a Cayman Islands exempted company for which Gobi acts as an investment adviser, may be deemed to beneficially own 821,787 of these 2,200,668 shares, which equates to 2.66% of the Ordinary Shares believed to be outstanding. Druid Investment Partners LP, a Delaware limited partnership for which Gobi acts as investment adviser, may be deemed to beneficially own 188,497 of these 2,200,668 shares, which equates to 0.61% of the Ordinary Shares believed to be outstanding. Gobi Concentrated Master Fund Ltd., a business company incorporated and existing under the laws of the British Virgin Islands for which Gobi acts as investment adviser, may be deemed to beneficially own 900,384 of these 2,200,668 shares, which equates to 2.91% of the Ordinary Shares believed to be outstanding. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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