Statement of Ownership (sc 13g)
July 27 2018 - 4:33PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the
Securities Exchange Act of 1934
(Amendment No. )*
58.com Inc.
(Name of
Issuer)
CLASS A ORDINARY SHARES**
AMERICAN DEPOSITARY SHARES
(Title of Class of Securities)
31680Q104***
(CUSIP
Number)
June 25, 2018
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule 13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
*
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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 the disclosures provided in a prior cover page.
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**
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Not for trading, but only in connection with the registration of one American Depositary Share each
representing two Class A ordinary shares.
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***
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This CUSIP number applies to the American Depositary Shares. No CUSIP has been assigned to the Class A
ordinary shares
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The information required in 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.
CUSIP No. 31680Q104
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1
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NAMES OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Genesis Asset Managers, LLP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
11,953,198 (See items 3 and 6)
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6
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SHARED VOTING POWER
0 (See items 3 and 6)
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7
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SOLE DISPOSITIVE POWER
13,498,936 (See items 3 and 6)
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8
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SHARED DISPOSITIVE POWER
0 (See items 3 and 6)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,498,936 (See items 3 and 6)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN ☐
SHARES (See Instructions)
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
5.48
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12
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TYPE OF REPORTING PERSON (See
Instructions)
HC / IA
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Based on 245,924,871 of 58.com Class A ordinary shares of 58.com Inc. outstanding as of April 30, 2018.
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Page 2 of 6
CUSIP No. 31680Q104
Item
1 (a).
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Name of Issuer:
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58.com Inc.
Item
1 (b).
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Address of Issuers Principal Executive Offices:
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Building 105, 10
Jiuxianqiao North Road Jia
Chaoyang District, Beijing 100015
Peoples Republic of China
Item
2 (a).
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Name of Persons Filing:
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Genesis Asset Managers, LLP
Item
2 (b).
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Address or Principal Business Office or, if None, Residence:
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Genesis Asset
Managers, LLP
Heritage Hall
Le Marchant Street
St. Peter
Port
Guernsey GY1 4HY
Channel Islands
Delaware
Item
2 (d).
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Title of Class
of Securities:
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Reference is made to page 1 of
this Schedule 13G
Item
2 (e).
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CUSIP Number:
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Reference is made to page 1 of this Schedule 13G
(g)(e) Genesis Asset Managers, LLP (GAM) is
reporting on this Schedule
13-G
for itself as a registered investment adviser and as the control person of Genesis Investment Management, LLP (GIM). GAM and GIM are both registered investment
advisers.
(a) Amount Beneficially Owned: 13,498,936
(b) Percent of Class: 5.48%
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Based on 245,924,871 of 58.com Class A ordinary shares of 58.com Inc. outstanding as of April 30, 2018.
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Page 3 of 6
CUSIP No. 31680Q104
(c) Number of shares as to which GAM has:
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(i)
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Sole power to vote or direct the vote: 11,953,198
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or to direct the disposition of: 13,498,936
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(iv)
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Shared power to dispose or to direct the disposition of: 0
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Item
5.
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Ownership of Five Percent or Less of a Class:
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N/A
Item
6.
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Ownership of More than Five Percent On Behalf of Another Person:
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GAM provides
investment advisory services on a discretionary basis to institutional investors and
in-house
pooled funds for institutional investors. GAM is the parent entity of GIM which provides
sub-advisory
services to GAM for the accounts of the institutional clients of GAM. In the aggregate, the client accounts managed by GAM hold more than 5% of the outstanding securities subject to this filing on
Schedule
13-G.
The Schedule
13-G
filed by GAM includes a report filed by GIM, the
sub-advisor
to GAM.
Item
7.
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Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
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Item 3 is incorporated by reference herein.
The address of GAMs principal office and place of business is as follows:
Genesis Asset Managers, LLP
Heritage Hall
Le Marchant
Street
St. Peter Port
Guernsey GY1 4HY
Channel
Islands
Item
8.
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Identification and Classification of Members of the Group:
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N/A
Item
9.
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Notice of Dissolution of Group:
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N/A
Page 4 of 6
CUSIP No. 31680Q104
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purposes of and do not have the effect of changing or influencing the control of the issuer of such securities and were not
acquired with or as a participant in any transaction having such purposes or effect.
Page 5 of 6
CUSIP No. 31680Q104
SIGNATURE
After
reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
GENESIS ASSET MANAGERS, LLP
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By:
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/s/ Christopher Ellyatt
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Christopher Ellyatt
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Partner
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