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New Oriental | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-GIC Private Limited(4.67%)

SEC announcement ·  Feb 6 04:24
Summary by Futu AI
GIC Private Limited, the sovereign wealth fund of Singapore, has filed an amendment to its Schedule 13G with the United States Securities and Exchange Commission on January 25, 2024, indicating a change in its holdings of New Oriental Education & Technology Group Inc. (New Oriental). The filing, dated December 31, 2023, shows that GIC now beneficially owns 77,270,573 common shares of New Oriental, which represents 4.67% of the company's class of securities. This stake includes both sole and shared voting and dispositive power over the shares, with GIC having sole power over 68,685,430 shares and shared power over 8,585,143 shares. The shares represented include ordinary shares and American Depositary Shares (ADSs), with each ADS representing ten ordinary shares. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of New Oriental, nor in connection with any transaction having that purpose or effect.
GIC Private Limited, the sovereign wealth fund of Singapore, has filed an amendment to its Schedule 13G with the United States Securities and Exchange Commission on January 25, 2024, indicating a change in its holdings of New Oriental Education & Technology Group Inc. (New Oriental). The filing, dated December 31, 2023, shows that GIC now beneficially owns 77,270,573 common shares of New Oriental, which represents 4.67% of the company's class of securities. This stake includes both sole and shared voting and dispositive power over the shares, with GIC having sole power over 68,685,430 shares and shared power over 8,585,143 shares. The shares represented include ordinary shares and American Depositary Shares (ADSs), with each ADS representing ten ordinary shares. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of New Oriental, nor in connection with any transaction having that purpose or effect.
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