Ruby Finance Holdings Ltd. Amends Qifu Tech 13D Filing
Ticker: QFNHF · Form: SC 13D/A · Filed: Mar 20, 2024 · CIK: 1741530
| Field | Detail |
|---|---|
| Company | Qifu Technology, Inc. (QFNHF) |
| Form Type | SC 13D/A |
| Filed Date | Mar 20, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: QFT
TL;DR
Ruby Finance Holdings Ltd. updated its Qifu Tech stake filing - watch for ownership changes.
AI Summary
On March 20, 2024, Ruby Finance Holdings Ltd. filed an amendment (No. 9) to its Schedule 13D regarding Qifu Technology, Inc. The filing indicates a change in beneficial ownership, though specific share counts or dollar amounts are not detailed in this excerpt. The filing pertains to Qifu Technology, Inc., formerly known as 360 DigiTech, Inc. and 360 Finance, Inc.
Why It Matters
This amendment signals a potential shift in control or significant stake changes for Qifu Technology, Inc., which could impact its stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant stake building or changes, which can lead to volatility and strategic shifts for the company.
Key Players & Entities
- Ruby Finance Holdings Ltd. (company) — Filing entity
- Qifu Technology, Inc. (company) — Subject company
- 360 DigiTech, Inc. (company) — Former company name
- 360 Finance, Inc. (company) — Former company name
- FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. (company) — Group member
FAQ
What specific changes in beneficial ownership are reported in this amendment?
This excerpt does not specify the exact number of shares or percentage of ownership change, only that an amendment (No. 9) was filed on March 20, 2024, by Ruby Finance Holdings Ltd. regarding Qifu Technology, Inc.
When was Qifu Technology, Inc. formerly known as 360 DigiTech, Inc. and 360 Finance, Inc.?
The filing states the name change from 360 DigiTech, Inc. to Qifu Technology, Inc. occurred on September 15, 2020, and the name change from 360 Finance, Inc. occurred on May 22, 2018.
Who is the filing entity and what is their relationship to Qifu Technology, Inc.?
The filing entity is Ruby Finance Holdings Ltd., and they are filing an amendment to their Schedule 13D, indicating they are a significant beneficial owner of Qifu Technology, Inc.
What is the business address of Qifu Technology, Inc.?
The business address for Qifu Technology, Inc. is 7/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai, F4 200122.
What is the Central Index Key (CIK) for Qifu Technology, Inc.?
The Central Index Key (CIK) for Qifu Technology, Inc. is 0001741530.
Filing Stats: 1,650 words · 7 min read · ~6 pages · Grade level 7.6 · Accepted 2024-03-20 16:30:57
Key Financial Figures
- $0.00001 — r) Class A Ordinary Shares, par value $0.00001 per share (Title of Class of Securiti
Filing Documents
- d761183dsc13da.htm (SC 13D/A) — 60KB
- 0001193125-24-072747.txt ( ) — 62KB
(e) of the Original Schedule 13D Filing is hereby amended and restated as follows
Item 5(e) of the Original Schedule 13D Filing is hereby amended and restated as follows: Each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Class A Ordinary Shares of the Issuer on March 18, 2024. Item6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer. This Amendment No. 9 amends and supplements the statement on Amendment No. 4, as amended and supplemented by the statement on Amendment No. 8. The disclosure set forth in Item 6 of Amendment No. 4, as amended and supplemented by the disclosure set forth in Item 6 of Amendment No. 8, is incorporated by reference. This Amendment No. 9 is being filed in relation to the cash settlement of the PVSF Transaction previously reported in Amendment No. 4. CUSIP No. 88557W 101 13D/A Page 5 of 7 Pages To effect settlement of the PVSF Transaction, Citibank, N.A. agreed to (1) release its Security Agreement with respect to the ADSs, (2) sell up to 2,469,651 ADSs as instructed by Ruby Holdings over a period of 10 business days from March 5, 2024 through March 18, 2024, and (3) on the Settlement Date, apply proceeds from the sales of the ADSs to cash settle the PVSF Transaction. After settlement of the PVSF Transaction, Ruby Holdings will be the beneficial owners of 7,506,417 ADSs. 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 20, 2024 Ruby Finance Holdings Ltd. By: /s/ Neil Gray Name: Neil Gray Title: Authorized Signatory FountainVest China Capital Partners GP3 Ltd. By: /s/ Brian Lee Name: Brian Lee Title: Authorized Signatory