UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE13GA*
Under the Securities Exchange Act of 1934
CHINA PRECISION STEEL, INC.
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(Name of Issuer)
Common
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(Title of Class of Securities)
16941J205
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(CUSIP Number)
December 31, 2014
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
/x/ Rule 13d-1(b)
/x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
*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 the disclosures provided
in a prior cover page.
The information required in the remainder of this cover 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).
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
SEC 1745 (3-98)
Page 1 of 8
CUSIP No. 16941J205
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
WEDBUSH, Inc.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) /x/
(b) / /
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3. SEC Use Only
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4. Citizenship or Place of Organization
California
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Number of Shares 5. Sole Voting Power 29,372
Beneficially by ----------------------------------------------
Owned by Each 6. Shared Voting Power 90,309
Reporting ----------------------------------------------
Person With: 7. Sole Dispositive Power 29,372
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8.Shared Dispositive Power 90,309
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
90,309
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
//
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11. Percent of Class Represented by Amount in Row (9)
2.3%
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12. Type of Reporting Person (See Instructions)
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CO
Page 2 of 8
CUSIP No. 16941J205
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Edward W. Wedbush
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) /x/
(b) / /
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States of America
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Number of Shares 5. Sole Voting Power 90,644
Beneficially by ----------------------------------------------
Owned by Each 6. Shared Voting Power 180,953
Reporting ----------------------------------------------
Person With: 7. Sole Dispositive Power 90,644
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8.Shared Dispositive Power 215,026
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
215,026
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
//
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11. Percent of Class Represented by Amount in Row (9)
5.5%
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12. Type of Reporting Person (See Instructions)
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IN
Page 3 of 8
CUSIP No. 16941J205
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Wedbush Securities, Inc.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) /x/
(b) / /
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3. SEC Use Only
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4. Citizenship or Place of Organization
California
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Number of Shares 5. Sole Voting Power 54,580
Beneficially by ----------------------------------------------
Owned by Each 6. Shared Voting Power 90,309
Reporting ----------------------------------------------
Person With: 7. Sole Dispositive Power 54,580
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8.Shared Dispositive Power 124,382
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
124,382
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
/ /
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11. Percent of Class Represented by Amount in Row (9)
3.2%
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12. Type of Reporting Person (See Instructions)
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BD
Page 4 of 8
Cusip No. 16941J205 CHINA PRECISION STEEL, INC.
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Item 1. Name and Address of Issuer.
(a) This statement relates to the shares of the common stock of
CHINA PRECISION STEEL, INC. ("Issuer").
(b) Issuer's address: 8TH FLOOR, TEDA BUILDING
87 WING LOK STREET, SHEUNGWAN, CHINA
Item 2. Filers
(a) This statement is filed by WEDBUSH, Inc. ("WI"),
Edward W. Wedbush ("EWW"), and Wedbush Securities Inc ("WS").
(b) Business address of the above filers are as follows:
WI - 1000 Wilshire Blvd., Los Angeles, CA 90017-2457
EWW - P.O. Box 30014, Los Angeles, CA 90030-0014
WS - P.O. Box 20014, Los Angeles CA 90030-0014
(c) WI is a California corporation. EWW is a citizen of the
United States of America. WS is a California corporation
(d) Common stock
(e) 16941J205
Item 3. Classification of Filers
(a) WI is a control person
(b) - (j) Not applicable
(g) WS is a broker/dealer
Page 5 of 8
Item 4. Ownership
(a) WI has sole ownership of 29,372 Shares of the Issuer, and
EWW has sole ownership of 90,644 Shares; WS has sole ownership
of 54,580 shares.
(b) Of the Shares outstanding, WI owns approximately 0.75%;
EWW owns approximately 2.31%; and WS owns 1.39%
(c) Number of Shares as to which the filer has:
(i) Sole power to vote: WI has sole power to vote on
29,372 Shares; EWW has 90,644 sole Shares; and WS
has 54,580 sole Shares.
(ii) Shared power to vote: WI has 90,309 Shares; EWW
has 180,953 Shares; and WS has 90,309.
(iii) Sole power to dispose: WI has sole power to
dispose on 29,372 Shares; EWW has 90,644 Shares
to dispose; and WS has 54,580 to dispose.
(iv) Shared power to dispose; WI has 90,309 Shares;
EWW has 215,026 Shares; and WS has 124,382.
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.
Not applicable.
Item 7. Identification and Classification of Subsidiary which
Acquired the Securities Being Reported on by the Parent
Holding Company.
Not Applicable.
Page 6 of 8
Item 8. Identification and Classification of Members of a Group.
Name Category No.ofShares Percentage
WEDBUSH, Inc. CO 29,372 0.75%
Edward W. Wedbush IN 90,644 2.31%
Wedbush Securities, Inc BD 54,580 1.39%
Edward W. Wedbush owns approximately 50% of the issued and
outstanding shares of WEDBUSH, Inc., which is the sole shareholder
of Wedbush Securities Inc. Mr. Wedbush is also the Chairman of
the Board of WEDBUSH, Inc. and the President of Wedbush Securities
Inc. The foregoing should not be construed as an admission of
beneficial ownership of the securities held or controlled by
WEDBUSH, Inc. or Wedbush Securities Inc.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 7 of 8
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the Issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
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.
WEDBUSH, Inc.
02/17/2015
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Date
ERIC D. WEDBUSH
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Eric D. Wedbush
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Signature
ERIC D. WEDBUSH
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Eric D. Wedbush/ President
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Name/Title
Edward W. Wedbush
02/17/2015
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Date
EDWARD W. WEDBUSH
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Edward W. Wedbush
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Signature
EDWARD W. WEDBUSH
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Edward W. Wedbush
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Name/Title
Page 8 of 8
Wedbush Securities, Inc.
02/17/2015
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Date
EDWARD W. WEDBUSH
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Edward W. Wedbush
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Signature
Edward W. Wedbush/ President
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Name/Title