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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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to § 240.13d-2
Under the Securities Exchange Act of 1934
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PropertyGuru Group Limited
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(Name of Issuer)
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Ordinary shares, par value of $0.0001 per share
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(Title of Class of Securities)
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G7258M 108
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(CUSIP Number)
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March 17, 2022
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ |
Rule 13d-1(b)
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| ☒ |
Rule 13d-1(c)
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| ☐ |
Rule 13d-1(d)
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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).
1
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1
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Name of Reporting Person
Bridgetown 2 LLC |
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2
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☒
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
Cayman Islands |
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
19,203,662 (1)
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6
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Shared Voting Power
6,900,000 (1)
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7
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Sole Dispositive Power
19,203,662 (1)
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8
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Shared Dispositive Power
6,900,000 (1)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
26,203,662 (1) |
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
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11
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Percent of Class Represented by Amount in Row (9)
16.19%. (2) |
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12
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Type of Reporting Person
OO |
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____________
(1) Includes (i) 6,243,662 ordinary shares of the Issuer, $0.0001 par value (“Ordinary Shares”) held by Bridgetown 2 LLC, (ii) 12,960,000 warrants to purchase Ordinary Shares on a one-for-one basis (“Private Placement Warrants”) and (iii) 3,650,000 Ordinary Shares held by FWD Life Insurance Public Company Limited and 3,250,000 Ordinary
Shares held by FWD Life Insurance Company Limited. Each of FWD Life Insurance Public Company Limited and FWD Life Insurance Company Limited may be deemed to be an affiliate of Bridgetown 2 LLC.
(2) The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on
a total of 161,210,560 issued and outstanding ordinary shares, based on the Issuer’s Form 20-F filed with the SEC on March 23, 2022.
2
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1
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Name of Reporting Person
Li Tzar Kai, Richard (“Richard Li”) |
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2
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☒
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
Canada |
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
0
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6
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Shared Voting Power
26,203,662 (1)
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7
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Sole Dispositive Power
0
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8
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Shared Dispositive Power
26,203,662 (1)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
26,203,662 (1) |
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
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11
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Percent of Class Represented by Amount in Row (9)
16.19%. (2) |
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12
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Type of Reporting Person
IN |
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____________
(1) Includes (i) 6,243,662 Ordinary Shares held by Bridgetown 2 LLC, (ii) 12,960,000 Private
Placement Warrants and (ii) 3,650,000 Ordinary Shares held by FWD Life Insurance Public Company Limited and 3,250,000 Ordinary Shares held by FWD Life Insurance Company Limited. Each of FWD Life Insurance Public Company Limited and FWD Life
Insurance Company Limited may be deemed to be an affiliate of Bridgetown 2 LLC.
(2) The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on
a total of 161,210,560 issued and outstanding ordinary shares, based on the Issuer’s Form 20-F filed with the SEC on March 23, 2022.
3
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1
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Name of Reporting Person
FWD Life Insurance Public Company Limited |
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2
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☒
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
Thailand |
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
3,650,000
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
3,650,000
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
3,650,000 |
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
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11
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Percent of Class Represented by Amount in Row (9)
2.26%. (1) |
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12
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Type of Reporting Person
OO |
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____________
(1) The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on
a total of 161,210,560 issued and outstanding ordinary shares, based on the Issuer’s Form 20-F filed with the SEC on March 23, 2022.
4
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1
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Name of Reporting Person
FWD Life Insurance Company Limited (formerly known as FWD Fuji Life Insurance Company Limited) |
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2
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☒
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
Japan |
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
3,250,000
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6
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Shared Voting Power
0
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7
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Sole Dispositive Power
3,250,000
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8
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Shared Dispositive Power
0
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
3,250,000 |
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
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11
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Percent of Class Represented by Amount in Row (9)
2.02%. (1) |
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12
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Type of Reporting Person
OO |
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____________
(1) The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on
a total of 161,210,560 issued and outstanding ordinary shares, based on the Issuer’s Form 20-F filed with the SEC on March 23, 2022.
5
| Item 1(a). |
Name of Issuer:
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PropertyGuru Group Limited
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
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Paya Lebar Quarter 1
Paya Lebar Link
#12-01/04
Singapore 408533
Paya Lebar Link
#12-01/04
Singapore 408533
| Item 2(a). |
Name of Person Filing:
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(i) Bridgetown 2 LLC
(ii) Richard Li, indirect owner of the sole member of Bridgetown 2 LLC and indirect majority owner of each of FWD Life Insurance Public Company Limited (“FWD Life”) and FWD
Life Insurance Company Limited (“FWD Japan”)
(iii) FWD Life Insurance Public Company Limited
(iv) FWD Life Insurance Company Limited (formerly known as FWD Fuji Life Insurance Company Limited)
| Item 2(b). |
Address of Principal Business Office, or, if none, Residence:
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The address of the principal business and principal office of each of Bridgetown 2 LLC and Richard Li is c/o 38/F Champion Tower, 3 Garden Road, Central, Hong Kong. The
address of the principal business and principal office of FWD Life is14th, 16th, 26th - 29th Floor, 130-132 Sindhorn Building Tower 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330, Thailand. The address of the principal business and principal
office of FWD Japan is 2-2-5 Nihonbashi-Honcho, Chuo-ku, Tokyo, Japan.
| Item 2(c). |
Citizenship:
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Bridgetown 2 LLC is a Cayman Islands limited liability company. Mr. Li is a citizen of Canada. FWD Life is a Thai public limited company. FWD Japan is a Japanese joint stock
company.
| Item 2(d). |
Title of Class of Securities:
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Ordinary shares, par value $0.0001 per share, of the Issuer.
| Item 2(e). |
CUSIP No.:
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G7258M 108
| Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d -2(b) or (c), check whether the persons filing is a:
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Not applicable
| Item 4. |
Ownership:
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The following information with respect to the ownership of the ordinary shares of the Issuer by each of the reporting persons is provided as of March 28, 2022:
6
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Amount beneficially owned
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Percent of class(1)
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Sole power to vote or direct the vote
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Shared power to vote or to direct the vote
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Sole power to dispose or to direct the disposition of
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Shared power to dispose or to direct the disposition of
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Bridgetown 2 LLC
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26,203,662(2)
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16.19%
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19,203,662(2)
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6,900,000(2)
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19,203,662(2)
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6,900,000(2)
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Richard Li
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26,203,662(3)
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16.19%
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0(3)
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26,203,662(3)
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0
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26,203,662(3)
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FWD Life Insurance Public Company Limited
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3,650,000
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2.26%
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3,650,000
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0
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3,650,000
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0
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FWD Life Insurance Company Limited
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3,250,000
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2.02%
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3,250,000
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0
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3,250,000
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0
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_____________________________________________
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(1)
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The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on a total of 161,210,560
issued and outstanding ordinary shares, based on the Issuer’s Form 20-F filed with the SEC on March 23, 2022.
|
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(2)
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Represents (i) 6,243,662 Ordinary Shares held by Bridgetown 2 LLC, (ii) 12,960,000 Private Placement Warrants and (iii) 3,650,000 Ordinary Shares held by FWD
Life Insurance Public Company Limited and 3,250,000 Ordinary Shares held by FWD Life Insurance Company Limited. Each of FWD Life Insurance Public Company Limited and FWD Life Insurance Company Limited may be deemed to be an affiliate of
Bridgetown 2 LLC.
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(3)
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Represents (i) 6,243,662 Ordinary Shares held by Bridgetown 2 LLC, (ii) 12,960,000 Private Placement Warrants and (iii) 3,650,000 Ordinary Shares held by FWD
Life Insurance Public Company Limited and 3,250,000 Ordinary Shares held by FWD Life Insurance Company Limited. Each of FWD Life Insurance Public Company Limited and FWD Life Insurance Company Limited may be deemed to be an affiliate of
Bridgetown 2 LLC.
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| Item 5. |
Ownership of Five Percent or Less of a Class:
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Not applicable
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person:
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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:
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Not applicable
| Item 8. |
Identification and Classification of Members of the Group:
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Not applicable
| Item 9. |
Notice of Dissolution of Group:
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Not applicable
| Item 10. |
Certifications:
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Not applicable
7
LIST OF EXHIBITS
Exhibit 99.1 — Joint Filing Agreement
8
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.
Dated: March 28, 2022
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BRIDGETOWN 2 LLC
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By:
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/s/ Daniel Wong
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Name:
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Daniel Wong
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Title:
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Manager
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Li Tzar Kai, Richard
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By:
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/s/ Li Tzar Kai, Richard
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FWD LIFE INSURANCE PUBLIC COMPANY LIMITED
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By:
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/s/ David John Korunic
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Name:
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David John Korunic
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Title:
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Authorized Signatory
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FWD LIFE INSURANCE COMPANY LIMITED
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By:
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/s/ Hideki Yamagishi
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Name:
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Hideki Yamagishi
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Title:
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Authorized Signatory
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