Meritz Securities Discloses 19M Share Stake in Lanvin Group
Ticker: LANV-WT · Form: SC 13G · Filed: Jan 3, 2024 · CIK: 1922097
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, shareholder-update
TL;DR
**Meritz Securities just revealed a huge 19M share stake in Lanvin Group, signaling a big institutional bet.**
AI Summary
Meritz Securities Co., Ltd., a South Korean financial firm, reported owning 19,050,381 Ordinary Shares of Lanvin Group Holdings Ltd. as of December 31, 2023. This filing, an SC 13G, indicates that Meritz Securities holds a significant stake in the luxury fashion company, giving them sole voting power over these shares. This matters to investors because a large institutional holding can signal confidence in the company's future, potentially influencing stock stability and future strategic decisions.
Why It Matters
A major institutional investor like Meritz Securities taking a large position in Lanvin Group Holdings Ltd. can be seen as a vote of confidence, potentially attracting other investors and influencing the stock's perception.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by showing confidence in the company.
Analyst Insight
A smart investor would view this significant institutional stake as a positive signal, potentially indicating long-term confidence in Lanvin Group. It might warrant further research into Lanvin's fundamentals and Meritz Securities' investment strategy.
Key Numbers
- 19,050,381 — Shares Beneficially Owned (Represents the total number of Ordinary Shares of Lanvin Group Holdings Ltd. that Meritz Securities Co., Ltd. has sole voting power over.)
- G5380J100 — CUSIP Number (Unique identifier for Lanvin Group Holdings Ltd.'s Ordinary Shares.)
Key Players & Entities
- Meritz Securities Co., Ltd. (company) — reporting person and beneficial owner
- Lanvin Group Holdings Ltd. (company) — subject company (issuer)
- Republic of Korea (person) — place of organization for Meritz Securities
- December 31, 2023 (date) — date of event requiring the filing
- $0.000001 (dollar_amount) — par value per share of Ordinary Shares
Forward-Looking Statements
- Lanvin Group Holdings Ltd. stock price may experience increased stability due to institutional backing. (Lanvin Group Holdings Ltd.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G statement?
Meritz Securities Co., Ltd. filed this SC 13G statement, as indicated in the 'FILED BY' section of the filing.
What is the name of the issuer whose shares are being reported?
The issuer is Lanvin Group Holdings Ltd., as stated under 'Name of Issuer' in the Schedule 13G.
How many shares does Meritz Securities Co., Ltd. beneficially own with sole voting power?
Meritz Securities Co., Ltd. beneficially owns 19,050,381 shares with sole voting power, as reported in Item 5 of the Schedule 13G.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
What is the par value per share of the Ordinary Shares of Lanvin Group Holdings Ltd.?
The par value per share of the Ordinary Shares of Lanvin Group Holdings Ltd. is $0.000001, as mentioned under 'Title of Class of Securities' in the Schedule 13G.
Filing Stats: 1,111 words · 4 min read · ~4 pages · Grade level 8.1 · Accepted 2024-01-03 06:01:04
Key Financial Figures
- $0.000001 — of Issuer) Ordinary Shares, par value $0.000001 per share (Title of Class of Securiti
Filing Documents
- tm2333609d1_sc13g.htm (SC 13G) — 46KB
- 0001104659-24-000480.txt ( ) — 48KB
(a)
Item 1. (a) Name of Issuer: Lanvin Group Holdings Limited
(b)
Item 1. (b) Address of Issuer's Principal Executive Offices: 4F, 168 Jiujiang Road Carlowitz & Co, Huangpu District Shanghai, 200001, China
(a)
Item 2. (a) Names of Person Filing: Meritz Securities Co., Ltd.
(b)
Item 2. (b) Address of Principal Business Office or, if none, Residence: Three IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul, Republic of Korea 07326
(c)
Item 2. (c) Citizenship: Republic of Korea
(d)
Item 2. (d) Title of Class of Securities: Ordinary Shares, par value $0.000001 per share
(e)
Item 2. (e) CUSIP Number: G5380J100 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: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a–8); (e) ¨ An investment adviser in accordance with § 240.13d–1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d–1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with § 240.13d–1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a–3); (j) x A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J); (k) ¨ Group, in accordance with § 240.13d–1(b)(1)(ii)(K). Schedule 13G Page 4 of 5 If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution: Meritz Securities Co., Ltd. is a broker entity, authorized by the Financial Services Commission in the Republic of Korea which is comparable to the regulatory scheme applicable to a broker covered in Item 3(a) above. Item 4.
(a)
Item 4. (a) Amount Beneficially Owned: Meritz Securities Co., Ltd. beneficially owns 19,050,381 Ordinary Shares, par value $0.000001 per share (the "Shares").
(b)
Item 4. (b) Percent of Class: The Shares represent approximately 13.1% of the Issuer's Ordinary Shares outstanding, based on 145,021,452 Ordinary Shares of the Issuer outstanding as of December 14, 2023, as set forth in the Issuer’s Form 6-K, filed on December 15, 2023.
(c)
Item 4. (c) Number of shares as to which such person has: Meritz Securities Co., Ltd. has sole voting power and sole dispositive power in respect of 19,050,381 Ordinary Shares representing 13.1% of the Issuer's Ordinary Shares outstanding. Meritz Securities Co., Ltd. has shared voting power and shared dispositive power in respect of 0 Ordinary Shares representing 0% of the Issuer's Ordinary Shares outstanding. Item 5. Not applicable. Item 6. 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. Certifications (a) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. (b) By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to a broker entity authorized by the Financial Services Commission in the Republic of Korea is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. Schedule 13G Page 5 of 5 SIGNATURE After reasonable inquiry and to