Sec Form 13D Filing - ACCOR filing for H WORLD GROUP LIMITED AMERICAN (HTHT) - 2021-02-19

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

Huazhu Group Limited

(Name of Issuer)

Ordinary Shares, $.0001 par value; ADSs, representing 1 ordinary shares per ADS

(Title of Class of Securities)

G2118 103; 16949N109

(CUSIP Number)

Besma Boumaza

Group General Counsel

Accor SA

82, rue Henri Farman

CS20077

92445 Issy-les-Moulineaux

France

+33 (14) 538 8668

Copies to:

Toni York

Senior Vice President Corporate Finance

AAPC Singapore Pte Ltd

1 Wallich Street, #17-01

Guoco Tower

Singapore 078881

+65 6408 8888

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

February 16, 2021

(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.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-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 disclosures 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).

 

 

 


  1    

  Names of Reporting Persons.

  I.R.S. Identification Nos. of Above Persons (Entities Only).

 

  Accor

  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)

 

  OO, WC

  5  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  France

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7     

  Sole Voting Power

 

  10,563,167 ordinary shares

     8   

  Shared Voting Power

 

  0 shares

     9   

  Sole Dispositive Power

 

  10,563,167 ordinary shares

   10   

  Shared Dispositive Power

 

  0 shares

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,563,167 ordinary shares

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  3.3%

14  

  Type of Reporting Person (See Instructions)

 

  CO

 

2


  1    

  Names of Reporting Persons.

  I.R.S. Identification Nos. of Above Persons (Entities Only).

 

  AAPC Hong Kong 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)

 

  OO, WC

  5  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  Hong Kong

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7     

  Sole Voting Power

 

  10,563,167 ordinary shares

     8   

  Shared Voting Power

 

  0 shares

     9   

  Sole Dispositive Power

 

  10,563,167 ordinary shares

   10   

  Shared Dispositive Power

 

  0 shares

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,563,167 ordinary shares

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  3.3%

14  

  Type of Reporting Person (See Instructions)

 

  CO

 

3


Schedule 13D

This Amendment No. 3 (this “Amendment”) amends the Schedule 13D originally filed with the Securities and Exchange Commission (the “SEC”) on February 8, 2016, as amended by the Schedule 13D/A filed with the SEC on March 8, 2018 and as further amended by the Schedule 13D/A filed with the SEC on December 9, 2019 (as amended, the “Schedule 13D”), with respect to ordinary shares, par value $0.0001 per share, and ADSs, representing one ordinary share per ADS of Huazhu Group Limited, a company with limited liability incorporated under the laws of the Cayman Islands (the “Company”). Capitalized terms used, but not defined herein, have the meanings ascribed to them in the Schedule 13D.

 

Item 1.

Security and Issuer.

No modification.

 

Item 2.

Identity and Background.

No modification.

 

Item 3.

Source and Amount of Funds or Other Consideration.

No modification.

 

Item 4.

Purpose of Transaction.

This Amendment amends Item 4 of the Schedule 13D to include the following after the final paragraph thereof:

On February 16, 2021, AAPC sold 4,980,000 ADSs of the Company in an on the market transaction at a price of $58.07 per share for total proceeds of approximately $289.2 million.

 

Item 5.

Interest in Securities of the Issuer.

This Amendment amends Item 5 of the Schedule 13D to include the following after the final paragraph thereof:

As a result of additional issuances of ordinary shares by the Company to persons other than the Reporting Persons and the transaction described herein, the Reporting Persons ceased to be beneficial owners of more than five percent of the ordinary shares of the Company. Accordingly, this Amendment represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.

 

Item 6.

Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer.

No modification.

 

Item 7.

Material to be Filed as Exhibits.

No modification.

 

4


SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

EXECUTED this 19th day of February 2021

 

Accor

  

 

           By:  

/s/ Besma Boumaza

    Name: Besma Boumaza
    Position: Group General Counsel

 

AAPC Hong Kong Limited

 

 

           By:  

/s/ Gary Rosen

   

Name: Gary Rosen

   

Position: Director

 

5


Schedule 1

Directors and Executive Officers of Accor and AAPC

 

Entity

  

Name

  

Present Principal
Occupation

  

Business Address

  

Citizenship

Accor

           
   Sébastien Bazin    Chairman and Chief Executive Officer    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Iliane Dumas    Employee Representative Director — Project Officer    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Sophie Gasperment    Independent Director    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Iris Knobloch    Chairman of Warner Bros. Entertainment France    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    German
   Nicolas Sarkozy    Former French President of the Republic    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Aziz Aluthman Fakhroo    Director of Public Budget Department within the Ministry of Finance of Qatar    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Qionger Jiang    Chief Executive Officer and Artistic Director of Shang Xia    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    Chinese
   Isabelle Simon    Group Secretary & General Counsel of Thales    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Sarmad Zok    Chairman & Chief Executive Officer of Kingdom Hotel Investment and Director of Kingdom Holding Company    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    British
   Sheikh Nawaf Bin Jassim Bin Jabor Al-Thani    Chief Executive Officer of Katara Hospitality    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    Qatari

 

6


   Bruno Pavlovsky    Fashion President of Chanel    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    French
   Christine Serre    Employee Representative Director    82, rue Henri Farman CS20077, 92445 Issy-les-Moulineaux, France    Belgian
           

Entity

  

Name

  

Present Principal
Occupation

  

Business Address

  

Citizenship

AAPC

           
   Wai Chin Chen    CFO — Greater China   

2F, Tower C

The PLACE

No. 150 Zunyi Road

Shanghai 200051 PRC

   Malaysian
   Gary Rosen    CEO—Greater China   

2F, Tower C

The PLACE

No. 150 Zunyi Road

Shanghai 200051 PRC

   United States of America
   Kan Yin Kenneth Wong    Chief Commercial Office—Greater China  &#x A0;

2F, Tower C

The PLACE

No. 150 Zunyi Road

Shanghai 200051 PRC

   Hong Kong SAR

 

7