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 13D
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
PPDAI Group Inc. |
(Name of Issuer) |
Class A ordinary shares, $0.00001 par value per share |
(Title of Class of Securities) |
69354V108 |
(CUSIP Number) |
HAO Liang, Unit 4112, COSCO Tower, 183 Queen’s Road, Central, Hong Kong, 852-3610 2225 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
|
19/11/2019 |
(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(b) 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).
SCHEDULE 13D
CUSIP No. | 69354V108 |
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1 | NAMES OF REPORTING PERSONS
Seahawk China Dynamic Fund |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) x (b) ¨ |
3 | SEC USE ONLY
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4 | SOURCE OF FUNDS (See Instructions)
WC |
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
¨ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
11,606,574 |
8 | SHARED VOTING POWER
| |
9 | SOLE DISPOSITIVE POWER
11,606,574 | |
10 | SHARED DISPOSITIVE POWER
|
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,606,574 |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
¨ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.57% |
14 | TYPE OF REPORTING PERSON (See Instructions)
OO |
| Page 2 of 6 |
Item 1. Security and Issuer
PPDAI GROUP Inc (the “Issuer”)
Building G1, No. 999 Dangui Road, Pudong New District, Shanghai 201203, People’s Republic of China
Item 2. Identity and Background
| (a) | This statement is filed by Seahawk China Dynamic Fund (the “Fund”). |
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| (b) | The business address of the Fund is a registered office at 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. |
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| (c) | The Fund is incorporated in Cayman Islands. Seahawk Capital is serving as Manager which is incorporated in Cayman Islands. Gold Dragon Worldwide Asset Management Limited is serving as an Investment Manager incorporated in Hong Kong |
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| The registered address of Seahawk Capital is at 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. | |
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| The Investment Manager is located at Unit 4112, COSCO Tower, 183 Queen’s Road, Central, Hong Kong. Kong Wai Nga is a Hong Kong citizen who is employed by the Investment Manager as a Director and Responsible Officer. HAO Liang is a People’s Republic of China citizen who is employed by Investment Manager as a Director and Director. | |
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&#x A0; | (d) | None |
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| (e) | None |
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| (f) | Cayman Islands |
Item 3. Source and Amount of Funds or Other Considerations
Funds for the purchase of the ordinary Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein.
Item 4. Purpose of Transaction
The Reporting Persons filings this Schedule 13D acquired the Shared of the Issuer which they own for investment purposes because they believe that the ordinary shares are undervalued and represent an attractive investment opportunity. The Fund may continue to acquire securities of the Issuer in the future solely for investment purposes.
The fund has no current or planned to acquire securities of the Issuer for any purposes, or with the effect, of changing or influencing control of the Issuer.
| Page 3 of 6 |
Item 5. Interest in Securities of the Issuer
(a-b ) As of the date of this Schedule 13D: The Reporting Person owns 11,606,574 shares of Class A ordinary shares which is approximately 6.57% of the total shares of the Company’s Class A ordinary shares based upon 176,724,453.00 shares.
(c)
Transactions by the fund effected in Last 60Days. All transactions are done in Open Market,
Trade Date |
| Transaction Type |
| Quntity |
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| Price |
| ||
09/20/2019 |
| Buy |
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| 61331 |
|
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| 3.4734 |
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09/23/2019 |
| Buy |
|
| 10900 |
|
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| 3.465 |
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09/24/2019 |
| Buy |
|
| 639 |
|
|
| 3.4663 |
|
09/30/2019 |
| Buy |
|
| 181400 |
|
|
| 2.911 |
|
09/30/2019 |
| Buy |
|
| 102230 |
|
|
| 2.85 |
|
10/01/2019 |
| Buy |
|
| 115085 |
|
|
| 2.827 |
|
10/02/2019 |
| Buy |
|
| 18089 |
|
|
| 2.7746 |
|
10/02/2019 |
| Buy |
|
| 42609 |
|
|
| 2.827 |
|
10/03/2019 |
| Buy |
|
| 69308 |
|
|
| 2.8603 |
|
10/04/2019 |
| Buy |
|
| 59898 |
|
|
| 2.8137 |
|
10/07/2019 |
| Buy |
|
| 160180 |
|
|
| 2.7925 |
|
10/08/2019 |
| Buy |
|
| 176767 |
|
|
| 2.6845 |
|
10/09/2019 |
| Buy |
|
| 4980 |
|
|
| 2.7206 |
|
10/10/2019 |
| Buy |
|
| 1200 |
|
|
| 2.78 |
|
10/11/2019 |
| Buy |
|
| 29800 |
|
|
| 2.8323 |
|
10/14/2019 |
| Buy |
|
| 142564 |
|
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| 2.8317 |
|
10/15/2019 |
| Buy |
|
| 25811 | < /p> |
|
| 2.8158 |
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10/17/2019 |
| Buy |
|
| 50100 |
|
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| 2.8478 |
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10/18/2019 |
| Buy |
|
| 369504 |
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| 2.9583 |
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10/21/2019 |
| Buy |
|
| 231670 |
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| 2.7674 |
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10/22/2019 |
| Buy |
|
| 58726 |
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| 2.8334 |
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10/23/2019 |
| Buy |
|
| 201936 |
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| 2.7383 |
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10/24/2019 |
| Buy |
|
| 403563 |
|
|
| 2.76 |
|
10/25/2019 |
| Buy |
|
| 84118 |
|
|
| 2.7241 |
|
10/28/2019 |
| Buy |
|
| 9900 |
|
|
| 2.8028 |
|
10/29/2019 |
| Buy |
|
| 141326 |
|
|
| 3.0158 |
|
10/30/2019 |
| Buy |
|
| 397012 |
|
|
| 2.982 |
|
10/31/2019 |
| Buy |
|
| 12300 |
|
|
| 2.8263 |
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10/31/2019 |
| Buy |
|
| 77843 |
|
|
| 2.8354 |
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10/31/2019 |
| Buy |
|
| 157160 |
|
|
| 2.8339 |
|
10/31/2019 |
| Buy |
|
| 343456 |
|
|
| 2.8032 |
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11/01/2019 |
| Buy |
|
| 97142 |
|
|
| 2.9003 |
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11/01/2019 |
| Buy |
|
| 3700 |
|
|
| 2.8364 |
|
11/04/2019 |
| Buy |
|
| 36127 |
|
|
| 2.9474 |
|
11/05/2019 |
| Buy |
|
| 265224 |
|
|
| 2.9791 |
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11/06/2019 |
| Buy |
|
| 44753 |
|
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| 2.9224 |
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11/06/2019 |
| Buy |
|
| 15866 |
|
|
| 2.9131 |
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11/07/2019 |
| Buy |
|
| 133343 |
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| 2.9119 |
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11/08/2019 |
| Buy |
|
| 53972 |
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| 2.9499 |
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11/11/2019 |
| Buy |
|
| 5700 |
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| 2.95 |
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11/11/2019 |
| Buy |
|
| 12900 |
|
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| 2.953 |
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11/12/2019 |
| Buy |
|
| 23200 |
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| 2.994 |
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11/13/2019 |
| Buy |
|
| 46112 |
|
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| 2.9737 |
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11/14/2019 |
| Buy |
|
| 50200 |
|
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| 2.9785 |
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11/14/2019 |
| Buy |
|
| 240171 |
|
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| 2.9744 |
|
11/15/2019 |
| Buy |
|
| 1500 |
|
|
| 2.98 |
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11/18/2019 |
| Buy |
|
| 706455 |
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| 2.9003 |
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11/19/2019 |
| Buy |
|
| 2501674 |
|
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| 2.4221 |
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11/19/2019 |
| Buy |
|
| 9368 |
|
|
| 2.8 |
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11/19/2019 |
| Buy |
|
| 990632 |
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|
| 2.5108 |
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| Page 4 of 6 |
d). Other than the Fund that directly hold the securities of the Issuer, no other person is known to have the right to receive, or the power to direct the receipt of, dividends from or proceeds from the sale, of the Shares.
(e) Not Aplicable
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Issuer, other than those disclosed in the present filing.
The fund has granted HAO Liang, Fund Director and Portfolio Manager, the sole power to vote or direct the vote of 11,606,574 shares of the Company’s Class A ordinary shares.
Item 7. Material to Be Filed as Exhibits
None
| Page 5 of 6 |
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.
December 4, 2019 |
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Dated |
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/s/ HAO Liang |
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Signature | |
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Director |
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Name/Title |
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
Page 6 of 6 |