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. 3)*
Bright Scholar Education Holdings Limited
(Name of Issuer)
Class A Ordinary Shares, $0.00001 per share
(Title of Class of Securities)
109199208**
(CUSIP Number)
September 30, 2024
(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. |
| ** | There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 109199208 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, which are listed on the New York Stock Exchange under the symbol “BEDU.” Each ADS represents four Class A Ordinary Shares of Bright Scholar Education Holdings Limited. |
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 (however, see the Notes).
CUSIP No. 109199208
| 1 |
NAMES OF REPORTING PERSONS
Indus Capital Partners, LLC | |||||
| 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
0 | ||||
| 6 | SHARED VOTING POWER
2,835,220 | |||||
| 7 | SOLE DISPOSITIVE POWER 0
| |||||
| 8 | SHARED DISPOSITIVE POWER
2,835,220 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,835,220 | |||||
| 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
9.1% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA, OO | |||||
CUSIP No. 109199208
| 1 |
NAMES OF REPORTING PERSONS
Indus Select Master Fund, Ltd. | |||||
| 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
Cayman Islands | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
0 | ||||
| 6 | SHARED VOTING POWER
2,571,856 | |||||
| 7 | SOLE DISPOSITIVE POWER 0
| |||||
| 8 | SHARED DISPOSITIVE POWER
2,571,856 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,571,856 | |||||
| 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
8.2% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||||
CUSIP No. 109199208
| 1 |
NAMES OF REPORTING PERSONS
James Shannon | |||||
| 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
United States of America | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
0 | ||||
| 6 | SHARED VOTING POWER
2,835,220 | |||||
| 7 | SOLE DISPOSITIVE POWER 0
| |||||
| 8 | SHARED DISPOSITIVE POWER
2,835,220 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,835,220 | |||||
| 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
9.1% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC | |||||
CUSIP No. 109199208
| 1 |
NAMES OF REPORTING PERSONS
Byron Gill | |||||
| 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
United States of America | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
0 | ||||
| 6 | SHARED VOTING POWER
2,835,220 | |||||
| 7 | SOLE DISPOSITIVE POWER 0
| |||||
| 8 | SHARED DISPOSITIVE POWER
2,835,220 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,835,220 | |||||
| 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
9.1% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC | |||||
| Item 1(a). | Name of Issuer: |
Bright Scholar Education Holdings Limited (the “Issuer”)
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
No. 1, Country Garden Road
Beijiao Town, Shunde District, Foshan, Guangdong 528300
The People’s Republic of China
| Item 2(a). | Names of Persons Filing: |
This Schedule 13G (the “Schedule 13G”) is being filed on behalf of each of the following persons (each, a “Reporting Person”):
| (i) | Indus Capital Partners, LLC, a Delaware limited liability company (“Indus Capital”); |
| (ii) | Indus Select Master Fund, Ltd., a Cayman Islands exempted company (the “Master Fund”); |
| (iii) | James Shannon, a United States citizen (“Mr. Shannon”); and |
| (iv) | Byron Gill, a United States citizen (“Mr. Gill”), and collectively with Indus Capital, the Master Fund and Mr. Shannon, the “Reporting Persons”). |
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The address of the principal business office of each of the Reporting Persons is:
The address of the principal business office of (i) Indus Capital, Mr. Shannon and Mr. Gill is 1700 Broadway, 39th Floor, New York, NY 10019, and (ii) the Master Fund is C/O Mourant Ozannes Corporate Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman, KY-1-1108, Cayman Islands.
| Item 2(c). | Citizenship: |
| (i) | Indus Capital – a Delaware limited liability company; |
| (ii) | Master Fund – a Cayman Islands exempted company; |
| (iii) | Mr. Shannon – a United States citizen; and |
| (iv) | Mr. Gill – a United States citizen. |
| Item 2(d). | Title of Class of Securities: |
Class A Ordinary Shares, $0.00001 per share (“Class A Ordinary Shares”)
| Item 2(e). | CUSIP Number: |
109199208
There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 109199208 has been assigned to the American Depositary Shares (“ADSs”) of the Issuer, which are listed on the New York Stock Exchange under the symbol “BEDU.” Each ADS represents four Class A Ordinary Shares of the Issuer.
| 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: |
Not applicable.
| Item 4. | Ownership. |
The information set forth in items (5) – (9) and (11) of the cover pages of this Schedule 13G is incorporated by reference. The ownership percentages reported are based on 31,314,817 Class A Ordinary Shares outstanding as of November 10, 2024, as reported in Exhibit 99.3 to the Issuer’s Form 6-K/A filed on October 29, 2024.
The Master Fund directly holds 642,964 of the Issuer’s ADSs, and two separately managed accounts (the “Accounts”) hold 38,080 and 27,761 ADSs, respectively. Each ADS represents four Class A Ordinary Shares of the Issuer. Indus Capital is an investment adviser registered with the Securities and Exchange Commission that is principally engaged in the business of providing investment advisory services to its clients, including the Master Fund and the Accounts. Mr. Shannon is the Chief Executive Officer of Indus Capital and Mr. Gill is the Managing Member of Indus Capital.
| Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have 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 or Control Person. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
| Item 9. | Notice of Dissolution of Group. |
Not applicable.
| Item 10. | Certification. |
The Reporting Person hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURES
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: November 14, 2024
| INDUS CAPITAL PARTNERS, LLC | ||
| By: | /s/ Maggie Kadziolka | |
| Name: | Maggie Kadziolka | |
| Title: | Chief Compliance Officer | |
| INDUS SELECT MASTER FUND, LTD | ||
| By: | /s/ Maggie Kadziolka | |
| Name: | Maggie Kadziolka | |
| Title: | Chief Compliance Officer | |
| JAMES SHANNON |
| /s/ James Shannon |
| BYRON GILL |
| /s/ Byron Gill |