Fasturn Overseas Files SC 13G on Yunji Inc. (YJ)
Ticker: YJ · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 1759614
| Field | Detail |
|---|---|
| Company | Yunji Inc. (YJ) |
| Form Type | SC 13G |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.000005 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Fasturn Overseas just disclosed a passive stake in Yunji Inc. (YJ).**
AI Summary
Fasturn Overseas Ltd. has filed an SC 13G for Yunji Inc. (YJ), indicating they are a passive investor. This filing, dated February 5, 2024, reports their ownership of Class A Ordinary Shares, which are represented by American Depositary Shares (ADSs) trading on Nasdaq. This matters to investors because it signals a significant, but non-controlling, stake by an institutional entity, potentially lending some stability or confidence to the stock, though the specific percentage of ownership is not detailed in this excerpt.
Why It Matters
This filing reveals a new or updated significant ownership stake by Fasturn Overseas Ltd. in Yunji Inc., which can influence investor perception and potentially the stock's stability.
Risk Assessment
Risk Level: low — An SC 13G filing typically indicates a passive investment, posing minimal immediate risk to current shareholders.
Analyst Insight
A smart investor would note Fasturn Overseas Ltd.'s passive stake as a sign of institutional interest, but recognize that this filing alone doesn't suggest any immediate operational changes or activist pressure on Yunji Inc. Further research into Fasturn's history and Yunji's fundamentals would be prudent.
Key Numbers
- $0.000005 — Par Value per Share (The par value of Yunji Inc.'s Class A Ordinary Shares.)
- 100 — Shares per ADS (Each American Depository Share (ADS) of Yunji Inc. represents 100 Class A Ordinary Shares.)
Key Players & Entities
- Yunji Inc. (company) — the subject company of the filing, trading under ticker YJ
- Fasturn Overseas Ltd (company) — the entity filing the SC 13G, reporting its ownership in Yunji Inc.
- Nasdaq Global Market (company) — the exchange where Yunji Inc.'s American Depositary Shares (ADSs) are quoted
- $0.000005 (dollar_amount) — par value per Class A Ordinary Share of Yunji Inc.
Forward-Looking Statements
- Fasturn Overseas Ltd. will maintain its passive investment stance in Yunji Inc. for the foreseeable future. (Fasturn Overseas Ltd.) — high confidence, target: 12 months
- Yunji Inc.'s stock price will not experience significant volatility directly due to this passive filing. (Yunji Inc.) — medium confidence, target: 3 months
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by passive investors who acquire more than 5% of a company's voting shares, indicating they do not intend to influence or control the company's management or policies. Fasturn Overseas Ltd. filed this SC 13G for Yunji Inc. under Rule 13d-1(d).
What is the CUSIP number associated with Yunji Inc.'s securities?
While there is no CUSIP number assigned directly to the Class A Ordinary Shares, CUSIP number 98873N206 has been assigned to the American Depositary Shares (ADSs) of Yunji Inc., which trade under the symbol 'YJ' on the Nasdaq Global Market.
When was the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement was March 21, 2019, as stated in the filing.
What is the relationship between Yunji Inc.'s Class A Ordinary Shares and its American Depositary Shares (ADSs)?
Each American Depositary Share (ADS) of Yunji Inc. represents 100 Class A Ordinary Shares, which have a par value of $0.000005 per share.
What is the business address of Yunji Inc.?
Yunji Inc.'s business address is 15/F, South Building, Hipark Phase 2, Xiaoshan District, Hangzhou, with a ZIP code of 310000 and a business phone of 86 571-81688920.
Filing Stats: 1,062 words · 4 min read · ~4 pages · Grade level 8.9 · Accepted 2024-02-05 21:14:56
Key Financial Figures
- $0.000005 — e of Issuer) Class A Ordinary Shares, $0.000005 par value per share (Title of Class o
Filing Documents
- d740066dsc13g.htm (SC 13G) — 38KB
- 0001193125-24-024429.txt ( ) — 40KB
Signatures
Signatures 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: 5 Feb 2024 Signature: /s/ Chu Siu Leung Name: Chu Siu Leung Title: Director