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Name | Symbol | Market | Type |
---|---|---|---|
PDD Holdings Inc | NASDAQ:PDD | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
12.88 | 10.35% | 137.37 | 137.08 | 137.38 | 139.75 | 128.70 | 128.97 | 21,585,698 | 00:59:38 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
Pinduoduo Inc.
(Name of Issuer)
Class A ordinary shares, $0.000005 par value per share
(Title of Class of Securities)
722304 102**
(CUSIP Number)
March 17, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
o |
Rule 13d-1(c) |
x |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting persons 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.
** CUSIP number 722304 102 has been assigned to the American depositary shares (ADSs) of the issuer, which are quoted on The Nasdaq Global Select Market under the symbol PDD. Each ADS represents four Class A ordinary shares of the issuer. No CUSIP has been assigned to the Issuers Class A ordinary shares.
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) Consists of (i) 1,134,932,140 Class A ordinary shares directly held by Walnut Street Investment, Ltd. and (ii) 274,811,940 Class A ordinary shares directly held by Walnut Street Management, Ltd.
(2) Calculation is based on a total of 5,011,761,304 Class A ordinary shares of the Issuer outstanding as of March 17, 2021.
(3) Consists of (i) 1,134,932,140 Class A ordinary shares directly held by Walnut Street Investment, Ltd. and (ii) 274,811,940 Class A ordinary shares directly held by Walnut Street Management, Ltd.
(4) Calculation is based on a total of 5,011,761,304 Class A ordinary shares of the Issuer outstanding as of March 17, 2021.
(5) Calculation is based on a total of 5,011,761,304 Class A ordinary shares of the Issuer outstanding as of March 17, 2021.
(6) Calculation is based on a total of 5,011,761,304 Class A ordinary shares of the Issuer outstanding as of March 17, 2021.
Reporting Person |
|
Amount
|
|
Percent
|
|
Percent of
|
|
Sole power to
|
|
Shared power
|
|
Sole power to
|
|
Shared power
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zheng Huang |
|
1,409,744,080 |
|
28.1 |
% |
28.1 |
% |
1,409,744,080 |
|
0 |
|
1,409,744,080 |
|
0 |
|
Steam Water Limited |
|
1,409,744,080 |
|
28.1 |
% |
28.1 |
% |
1,409,744,080 |
|
0 |
|
1,409,744,080 |
|
0 |
|
Walnut Street Investment, Ltd. |
|
1,134,932,140 |
|
22.6 |
% |
22.6 |
% |
1,134,932,140 |
|
0 |
|
1,134,932,140 |
|
0 |
|
Walnut Street Management, Ltd. |
|
274,811,940 |
|
5.5 |
% |
5.5 |
% |
274,811,940 |
|
0 |
|
274,811,940 |
|
0 |
|
As of March 17, 2021, (i) 1,134,932,140 Class A ordinary shares were directly held by Walnut Street Investment, Ltd. and (ii) 274,811,940 Class A ordinary shares were directly held by Walnut Street Management, Ltd. Each of Walnut Street Investment, Ltd. and Walnut Street Management, Ltd. is controlled by Steam Water Limited, which in turn is beneficially owned by Mr. Zheng Huang through a trust established under the laws of the British Virgin Islands. Mr. Huang is the settlor of the trust, and Mr. Huang and his family members are the trusts beneficiaries.
The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 5,011,761,304 Class A ordinary shares of the Issuer outstanding as of March 17, 2021.
The percentage of voting power is calculated by dividing the voting power beneficially owned by each Reporting Person by the voting power of all of the Issuers ordinary shares as of March 17, 2021. Each holder of Class A ordinary shares is entitled to one vote per share.
Item 5. |
Ownership of Five Percent or Less of a Class: |
|
Not applicable. |
|
|
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person: |
|
Not applicable. |
|
|
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Controlling 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: |
|
Not applicable. |
LIST OF EXHIBITS
Exhibit No. |
|
Description |
|
|
|
A |
|
Joint Filing Agreement (incorporated by reference to Exhibit 99.A of the Schedule 13G filed with the Securities and Exchange Commission on by the Reporting Persons with respect to the Issuer on February 13, 2019) |
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 18, 2021
|
ZHENG HUANG |
|
|
|
|
|
|
|
|
/s/ Zheng Huang |
|
|
|
|
|
|
|
|
Steam Water Limited |
|
|
|
|
|
|
|
|
By: |
/s/ Rustem Limited |
|
Name: |
Rustem Limited |
|
Title: |
Director |
|
|
|
|
|
|
|
Walnut Street Investment, Ltd. |
|
|
|
|
|
|
|
|
By: |
/s/ Zheng Huang |
|
Name: |
Zheng Huang |
|
Title: |
Authorized Signatory |
|
|
|
|
|
|
|
Walnut Street Management, Ltd. |
|
|
|
|
|
|
|
|
By: |
/s/ Zheng Huang |
|
Name: |
Zheng Huang |
|
Title: |
Authorized Signatory |
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