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
Under the Securities Exchange Act of 1934
(Amendment No. )*
Legend Biotech Corporation
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
52490G102
(CUSIP Number)
December 31, 2020
(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. |
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. 52490G102 | 13G | Page 2 of 5 |
| 1 | NAMES OF REPORTING PERSONS
GenScript Biotech Corporation | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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
169,997,556 (1) | ||||
| 6 | SHARED VOTING POWER
0 | |||||
| 7 | SOLE DISPOSITIVE POWER
169,997,556 (1) | |||||
| 8 | SHARED DISPOSITIVE POWER
0 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,997,556 (1) | |||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
| |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
64.3% (2) | |||||
| 12 | TYPE OF REPORTING PERSON
CO, FI | |||||
| (1) | Represents the sum of (i) 169,680,000 ordinary shares held by GenScript Biotech Corporation (“GenScript”) before the Issuer’s initial public offering completed in June 2020 (the “IPO”) and (ii) 1,043,478 ordinary shares issued to GenScript in a private placement transaction that closed concurrently with the IPO, which was reduced by 725,922 ordinary shares that were distributed by GenScript to its shareholders in connection with the IPO to effect an assured entitlement distribution pursuant to the rules of the Hong Kong Stock Exchange. |
| (1) | This percentage is calculated based on 264,328,260 ordinary shares issued and outstanding as of September 30, 2020. |
| CUSIP NO. 52490G102 | 13G | Page 3 of 5 |
Item 1(a). Name of Issuer:
Legend Biotech Corporation (the “Issuer”)
Item 1(b). Address of Issuer’s Principal Executive Officers:
Yongxi Road, Jiangning Science Park, Nanjing, Jiangsu Province, China 211100
Item 2(a). Name of Person Filing:
GenScript Biotech Corporation
Item 2(b). Address or Principal Business Office or, if None, Residence:
The headquarter and principal business office for the Reporting Person in the People’s Republic of China is No. 28, Yongxi Road, Jiangning Science Park, Nanjing, Jiangsu Province, China 211100.
Item 2(c). Citizenship:
See Item 4 of the cover page.
Item 2(d).Title of Class of Securities:
American Depositary Shares, each representing two ordinary shares, par value US$0.0001 per share.
Item 2(e). CUSIP No.:
52490G102
Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c)
Not applicable.
Item 4. Ownership.
Amount beneficially owned: See Item 9 of the cover page.
Percent of class: See Item 11 of the cover page.
Number of shares as to which the person has:
| (i) | Sole power to vote or to direct the vote: See Item 5 of the cover page. |
| (ii) | Shared power to vote or to direct the vote: See Item 6 of the cover page. |
| (iii) | Sole power to dispose or to direct the disposition of: See Item 7 of the cover page. |
| (iv) | Shared power to dispose or to direct the disposition of: See Item 8 of the cover page. |
Item 5. Ownership of 5 Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than 5 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.
| CUSIP NO. 52490G102 | 13G | Page 4 of 5 |
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
Not applicable.
| CUSIP NO. 52490G102 | 13G | Page 5 of 5 |
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.
| Date: February 16, 2021 | GenScript Biotech Corporation | |||||||||
| By: | /s/ Sarah Bao |
|||||||||
| Name: | Sarah Bao | |||||||||
| Title: | Legal Director | |||||||||