TCL Zhonghuan Files Amendment for Maxeon Solar

Ticker: MAXN · Form: SC 13D/A · Filed: 2024-09-04T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, sec-filing, solar-energy

Related Tickers: MAXN

TL;DR

TCL Zhonghuan updated its Maxeon Solar stake filing - check for ownership changes.

AI Summary

TCL Zhonghuan Renewable Energy Technology Co., Ltd. and Zhonghuan Singapore Investment & Development Pte. Ltd. have filed an amendment (No. 9) to their Schedule 13D for Maxeon Solar Technologies, Ltd. The filing, dated September 4, 2024, indicates a change in the reporting of beneficial ownership for Maxeon Solar Technologies, Ltd. The specific details of the change in beneficial ownership are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Maxeon Solar Technologies, Ltd., which could impact its strategic direction and market position.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

FAQ

What is the specific nature of the change reported in Amendment No. 9 to the Schedule 13D?

The filing indicates a change in the reporting of beneficial ownership for Maxeon Solar Technologies, Ltd. by TCL Zhonghuan Renewable Energy Technology Co., Ltd. and Zhonghuan Singapore Investment & Development Pte. Ltd., but the specific details of the change are not provided in this excerpt.

Who are the primary filers of this Schedule 13D/A?

The primary filers are TCL Zhonghuan Renewable Energy Technology Co., Ltd. and Zhonghuan Singapore Investment & Development Pte. Ltd.

What is the subject company of this filing?

The subject company is Maxeon Solar Technologies, Ltd.

When was this amendment filed with the SEC?

This amendment was filed on September 4, 2024.

What is the CUSIP number for Maxeon Solar Technologies, Ltd. ordinary shares?

The CUSIP number for Maxeon Solar Technologies, Ltd. ordinary shares is Y58473102.

From the Filing

0001140361-24-040132.txt : 20240904 0001140361-24-040132.hdr.sgml : 20240904 20240904205510 ACCESSION NUMBER: 0001140361-24-040132 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20240904 DATE AS OF CHANGE: 20240904 GROUP MEMBERS: TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO., LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Maxeon Solar Technologies, Ltd. CENTRAL INDEX KEY: 0001796898 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91663 FILM NUMBER: 241279531 BUSINESS ADDRESS: STREET 1: 8 MARINA BOULEVARD #05-02 STREET 2: MARINA BAY FINANCIAL CENTRE CITY: MARINA BAY STATE: U0 ZIP: 018981 BUSINESS PHONE: 408.457.2302 MAIL ADDRESS: STREET 1: 8 MARINA BOULEVARD #05-02 STREET 2: MARINA BAY FINANCIAL CENTRE CITY: MARINA BAY STATE: U0 ZIP: 018981 FORMER COMPANY: FORMER CONFORMED NAME: Maxeon Solar Technologies, Pte. Ltd. DATE OF NAME CHANGE: 20191213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Zhonghuan Singapore Investment & Development Pte. Ltd. CENTRAL INDEX KEY: 0001822953 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: # 12 E HAITAI RD HUAYUAN INDUSTRIAL PARK STREET 2: HI-TECH INDUSTRIAL ZONE CITY: TIANJIN STATE: F4 ZIP: 300384 BUSINESS PHONE: 86-022-2378-9766 MAIL ADDRESS: STREET 1: # 12 E HAITAI RD HUAYUAN INDUSTRIAL PARK STREET 2: HI-TECH INDUSTRIAL ZONE CITY: TIANJIN STATE: F4 ZIP: 300384 SC 13D/A 1 ef20035464_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D   (Amendment No. 9) Under the Securities Exchange Act of 1934* Maxeon Solar Technologies, Ltd. (Name of Issuer)   Ordinary Shares (Title of Class of Securities)   Y58473102 (CUSIP Number)   Tian Lingling TCL Zhonghuan Renewable Energy Technology Co., Ltd. No. 10 South Haitai Road Huayuan Industrial Park, Hi-tech Industrial Zone Tianjin, 300384 People’s Republic of China +86-22-23789766-3203 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)   August 29-30, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.  ☐ Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.   The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 NAMES OF REPORTING PERSONS     Zhonghuan Singapore Investment and Development Pte. Ltd. (“ TZS ”)         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐   (b) ☒     3 SEC USE ONLY               4 SOURCE OF FUNDS (SEE INSTRUCTIONS)     OO         5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)   ☐    

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