CUSIP No.
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G81477104
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Item 1. Security and Issuer.
This Statement on Schedule 13D (this
Statement
) constitutes Amendment No. 1 to the Schedule 13D filed with the U.S. Securities and Exchange Commission (the
Commission
) on November 16, 2015 (the
Original Filing
) by each of Mr. Charles Chao and New Wave MMXV Limited (together with Mr. Charles Chao, the
Reporting Persons
), with respect to the ordinary shares, par value $0.133 per share (the
Shares
), of Sina Corporation, a company organized under the laws of the Cayman Islands (the
Company
), whose principal executive offices are located at No. 8 SINA Plaza, Courtyard 10, the West, Xibeiwang E. Road, Haidian District, Peoples Republic of China. Except as amended hereby, the Original Filing remains in full force and effect. Capitalized terms used but not defined in this Statement have the meanings ascribed to them in the Original Filing.
Item 3. Source and Amount of Funds or Other Considerations.
Item 3 of the Schedule 13D is hereby amended and supplemented as follows:
Mr. Charles Chao has ceased to control New-Wave Investment Holding Company Limited, a British Virgin Islands company, and thus no longer has beneficial ownership in Shares held by New-Wave Investment Holding Company Limited.
Up to the date of this filing, New Wave MMXV Limited disposed of, on the open market, an aggregate of 2,555,614 Shares, representing 3.6% of the Companys total issued and outstanding Shares.
Item 5. Interest in Securities of the Issuer.
Item 5(a)(b) of the Schedule 13D is hereby amended and restated as follows:
The responses of Mr. Charles Chao and New Wave MMXV Limited to Rows (7) through (13) of the cover pages of this Statement are hereby incorporated by reference in this Item 5.
As of the date of this filing, Mr. Charles Chao beneficially owned 9,238,956 Shares, representing approximately 12.9% of the Companys total issued and outstanding Shares. The 9,238,956 Shares beneficially owned by Mr. Charles Chao comprise (i) 8,444,386 Shares owned by New Wave MMXV Limited, (ii) 767,070 Shares held by Mr. Charles Chao, and (iii) 27,500 Shares issuable upon exercise of options exercisable within 60 days after the date of this filing.
The percentage of Shares beneficially owned by each Reporting Person is based on 71,421,480 Shares outstanding as of June 7, 2017 (excluding 9,606,576 Shares that have been repurchased but not cancelled) disclosed in an information statement furnished by the Company on Form 6-K to the Commission on June 8, 2017.
Except as disclosed in this statement, none of the Reporting Persons or to the best of their knowledge, any of the persons listed in Schedule A hereto, beneficially owns any Shares or has the right to acquire any Shares.
Except as disclosed in this statement, none of the Reporting Persons or to the best of their knowledge, any of the persons listed in Schedule A hereto, presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the Shares that they may be deemed to beneficially own.
Except as disclosed in this statement, none of the Reporting Persons or to the best of their knowledge, any of the persons listed in Schedule A hereto, has effected any transaction in the Shares during the past 60 days.
Except as disclosed in this statement, to the best knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares beneficially owned by the Reporting Persons.
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