51Talk Education: Huang Files 13D/A Amendment
Ticker: COE · Form: SC 13D/A · Filed: Oct 10, 2024 · CIK: 1659494
Sentiment: neutral
Topics: ownership-filing, sec-filing, amendment
TL;DR
Jack Jiajia Huang updated his 51Talk ownership filing (13D/A #6).
AI Summary
On October 10, 2024, Jack Jiajia Huang filed an amendment (Amendment No. 6) to Schedule 13D for 51Talk Online Education Group. The filing indicates a change in beneficial ownership of Class A ordinary shares. The filing does not specify the exact number of shares or the percentage of ownership, but it is an update to a previous filing.
Why It Matters
This filing updates ownership information for a significant shareholder, which can impact market perception and trading activity for 51Talk Online Education Group.
Risk Assessment
Risk Level: medium — Schedule 13D filings often relate to significant ownership changes or activist investor activity, which can introduce volatility.
Key Players & Entities
- 51Talk Online Education Group (company) — Subject Company
- Jack Jiajia Huang (person) — Filing Person
- Haiping Li, Esq. (person) — Legal Counsel
- Yilin Xu, Esq. (person) — Legal Counsel
- Skadden, Arps, Slate, Meagher & Flom LLP (company) — Legal Counsel
FAQ
What is the specific change in beneficial ownership reported in this 13D/A filing?
The filing is an amendment (Amendment No. 6) to Schedule 13D and indicates a change in beneficial ownership, but the specific details of the change (number of shares, percentage) are not provided in the header information.
Who is the filing person for this Schedule 13D/A?
The filing person is Jack Jiajia Huang.
What is the CUSIP number for 51Talk Online Education Group's Class A ordinary shares?
The CUSIP number is 16954L 204.
When was the former company name 'China Online Education Group' changed to '51Talk Online Education Group'?
The date of the name change was November 27, 2015.
What is the business address of 51Talk Online Education Group?
The business address is 24 Raffles Place #17-04 Clifford Centre, Singapore 048621.
Filing Stats: 2,107 words · 8 min read · ~7 pages · Grade level 9.5 · Accepted 2024-10-10 06:45:35
Key Financial Figures
- $0.0001 — er) Class A ordinary shares, par value $0.0001 per share (Title of Class of Securiti
- $1.6 m — in the open market for approximately US$1.6 million, using its capital from previous
- $0.8 million — in the open market for approximately US$0.8 million from October 20, 2023 through February
- $0.9 m — in the open market for approximately US$0.9 million, using its capital from previous
- $0.7 million — in the open market for approximately US$0.7 million using its own capital. F rom August 31,
- $0.2 m — in the open market for approximately US$0.2 million, using its own capital. F rom Ju
- $0.5 m — in the open market for approximately US$0.5 million, using his own capital. From Augu
- $1.0 m — in the open market for approximately US$1.0 million, using his own capital. Apart fr
Filing Documents
- tm2425967d1_sc13da.htm (SC 13D/A) — 60KB
- 0001104659-24-107480.txt ( ) — 62KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration
of the Statement
Item 3 of the Statement is hereby amended and restated by the following: CUSIP No. 16954L 204 13D/A Page 4 of 4 Pages Dasheng Global entered into Rule 10b5-1 trading plans, dated as of March 31, 2022 and June 30, 2022, respectively, with Tiger Brokers (Singapore) Pte Ltd (the “ Trading Plans ”). Under the Trading Plans, Dasheng Global proposes to purchase a total of 1,100,000 ADSs of the Issuer. Pursuant to the Trading Plans, through the date hereof, Dasheng Global has purchased 1,025,415 ADSs in the open market for approximately US$1.6 million, using its capital from previous disposition of its holding of the Issuer’s ADSs. On December 15, 2022, the Issuer effected a change of the ratio of its ADSs to Class A ordinary shares from one ADS representing fifteen Class A ordinary shares to one ADS representing sixty Class A ordinary shares. Dasheng Global entered into a Rule 10b5-1 trading plan, dated as of June 30, 2023, with Tiger Brokers (Singapore) Pte Ltd (the “2023 Trading Plan”). Under the 2023 Trading Plan, Dasheng Global proposes to purchase a total of 250,000 ADSs of the Issuer. Pursuant to the 2023 Trading Plan, Dasheng Global has purchased 103,223 ADSs in the open market for approximately US$0.8 million from October 20, 2023 through February 20, 2024, using its own capital. In addition, from March 28 through September 19, 2022, Dasheng Global purchased a total of 562,106 ADSs of the Issuer in the open market for approximately US$0.9 million, using its capital from previous disposition of its holding of the Issuer’s ADSs. From September 20, 2022 through June 30, 2023, Dasheng Global purchased a total of 102,984 ADSs of the Issuer in the open market for approximately US$0.7 million using its own capital. F rom August 31, 2023 through September 23, 2023, Dasheng Global purchased a total of 26,315 ADSs of the Issuer in the open market for approximately US$0.2 million, using its own capital. F rom June 14, 2024 through