Baidu Holdings Amends Trip.com Group Stake Filing

TL;DR

Baidu Holdings updated its Trip.com stake filing on 9/27/24. #TripCom #Baidu

AI Summary

Baidu Holdings Ltd. has amended its Schedule 13D filing regarding Trip.com Group Limited. The filing, dated September 27, 2024, indicates a change in beneficial ownership. Baidu Holdings Ltd. is listed as a group member, with Trip.com Group Limited as the subject company.

Why It Matters

This amendment signals a potential shift in the ownership structure or Baidu's stake in Trip.com, which could influence market perception and investment strategies.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate significant changes in a major shareholder's position, potentially impacting the stock price.

Key Players & Entities

• Baidu Holdings Ltd. (company) — Filing entity and group member
• Trip.com Group Limited (company) — Subject company
• Baidu, Inc. (company) — Former name of filing entity
• CTRIP COM INTERNATIONAL LTD (company) — Former name of subject company

FAQ

Key Financial Figures

• $0.00125 — Issuer) Ordinary Shares, par value US$0.00125 per share (Title of Class of Securiti
• $50.16 — ions on the U.S. market at a price of US$50.16 per ADS pursuant to Rule 144 under the
• $36.03 — e U.S. market with price ranging from US$36.03 and US$37.29 per ADS pursuant to Rule 1
• $37.29 — with price ranging from US$36.03 and US$37.29 per ADS pursuant to Rule 144 under the

Filing Documents

• d856297dsc13da.htm (SC 13D/A) — 52KB
• 0001193125-24-227359.txt ( ) — 54KB

is amended

Item 2 is amended by replacing the Schedule A and Schedule B to the Original Filing with the Schedule A and Schedule B hereto. During the last five years, none of the Reporting Persons and, to the best of their knowledge, any of the persons listed on Schedule A and Schedule B hereto has been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item5. Interest in Securities of the Issuer. Items 5(a) is hereby amended and restated in its entirety as follows: (a) As of September 27, 2024, (i) Baidu Holdings Limited beneficially owns 45,953,524 Ordinary Shares, or 7.11% of the issued and outstanding Ordinary Shares, and (ii) Baidu, Inc., being the sole shareholder of Baidu Holdings Limited, may, pursuant to Rule 13d-3 of the Act, be deemed to beneficially own 45,953,524 Ordinary Shares, all of which are directly held by Baidu Holdings Limited, or 7.11% of the issued and outstanding Ordinary Shares. Items 5(c) is hereby amended and restated in its entirety as follows: (c) On September 25, 2024, Baidu Holdings Limited sold 10,525,696 ADSs through open market transactions on the U.S. market at a price of US$50.16 per ADS pursuant to Rule 144 under the Securities Act of 1933, as amended. From September 14, 2023 to February 5, 2024, Baidu, Inc. sold 4,303,219 ADSs representing 4,303,219 Ordinary Shares through open market transactions on the U.S. market with price ranging from US$36.03 and US$37.29 per ADS pursuant to Rule 144 under the Securities Act of 1933, as amended. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersig

View Full Filing

View this SC 13D/A filing on SEC EDGAR