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.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
58.com Inc.
(Name of Issuer)
CLASS A ORDINARY SHARES**
AMERICAN DEPOSITARY SHARES (“ADS”)
(Title of Class of Securities)
31680Q104***
(CUSIP Number)
June 30, 2019
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule 13d—1(b)
☐ 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. |
| ** | Not for trading, but only in connection with the registration of one American Depositary Share each representing two Class A ordinary shares. |
| *** | This CUSIP number applies to the American Depositary Shares. No CUSIP has been assigned to the Class A ordinary shares |
The information required in 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.
CUSIP No. 31680Q104
| 1 |
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Genesis Asset Managers, LLP | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
4,736,102 ADSs (representing 9,472,204 Class A Ordinary Shares) (See items 3 and 6) | ||||
| 6 | SHARED VOTING POWER
0 (See items 3 and 6) | |||||
| 7 | SOLE DISPOSITIVE POWER
7,171,327 ADSs (representing 14,342,654 Class A Ordinary Shares) (See items 3 and 6) | |||||
| 8 | SHARED DISPOSITIVE POWER
0 (See items 3 and 6) | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,171,327 ADSs (representing 14,342,654 Class& #xA0;A Ordinary Shares) (See items 3 and 6) | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.84%† | |||||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
HC / IA | |||||
| † | Based on 296,444,579 shares of ordinary shares of 58.com Inc. reported by 58.com Inc. as outstanding as of December 31, 2018. |
Page 2 of 5
CUSIP No. 31680Q104
STATEMENT ON SCHEDULE 13G
| Item 1 (a). | Name of Issuer: |
58.com Inc.
| Item 1 (b). | Address of Issuer’s Principal Executive Offices: |
Building 105, 10 Jiuxianqiao North Road Jia
Chaoyang District, Beijing 100015
People’s Republic of China
| Item 2 (a). | Name of Persons Filing: |
Genesis Asset Managers, LLP
| Item 2 (b). | Address or Principal Business Office or, if None, Residence: |
Genesis Asset Managers, LLP
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 4LY
| Item 2 (c). | Citizenship: |
Delaware
| Item 2 (d). | Title of Class of Securities: |
Reference is made to page 1 of this Schedule 13G
| Item 2 (e). | CUSIP Number: |
Reference is made to page 1 of this Schedule 13G
| Item 3. | Classification. |
Not applicable.
| Item 4. | Ownership: |
(a) Amount Beneficially Owned: 7,171,327 ADSs (representing 14,342,654 Class A Ordinary Shares)
Page 3 of 5
CUSIP No. 31680Q104
(b) Percent of Class 4.84%
(c) Number of shares as to which GAM has:
| (i) | Sole power to vote or direct the vote: 4,736,102 ADSs (representing 9,472,204 Class A Ordinary Shares) |
| (ii) | Shared power to vote or to direct the vote: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: 7,171,327 ADSs (representing 14,342,654 Class A Ordinary Shares) |
| (iv) | Shared power to dispose or to direct the disposition of: 0 |
| Item 5. | Ownership of Five Percent or Less of a Class: |
If this statement is being filed to report that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☒
| Item 6. | Ownership of More than Five Percent On Behalf of Another Person: |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: |
Not ap plicable.
| Item 8. | Identification and Classification of Members of the Group: |
Not applicable.
| Item 9. | Notice of Dissolution of Group: |
Not applicable.
| 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 purposes of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired with or as a participant in any transaction having such purposes or effect.
Page 4 of 5
CUSIP No. 31680Q104
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.
Date: January 24, 2020
| GENESIS ASSET MANAGERS, LLP | ||
| By: | /s/ Christopher Ellyatt | |
| Christopher Ellyatt | ||
| Partner | ||