Item 1. Security and Issuer.
This Amendment No. 4 to Schedule 13D (as so amended, the “Statement”) is being filed to amend the Statement as originally filed with the Securities and Exchange Commission on June 23, 2017, as amended by Amendment No. 1 dated May 1, 2020, Amendment No. 2 dated May 4, 2020, and Amendment No. 3 dated June 17, 2020 and relates to the Class A ordinary shares, par value $0.00001 per share (the “Class A Ordinary Shares”) of 58.com Inc., a company incorporated under the laws of the Cayman Islands (the “Company”), whose principal executive offices are located at Building 105, 10 Jiuxianqiao North Road Jia, Chaoyang District, Beijing 100015, People’s Republic of China.
The Company’s American Depositary Shares (the “ADSs”), evidenced by American Depositary Receipts, each representing two Class A Ordinary Shares, are listed on the New York Stock Exchange under the symbol “WUBA.” The Reporting Persons (as defined below) directly own only ADSs and do not directly own any Class A Ordinary Shares.
Item 2. Identity and Background.
No material change.
Item 3. Source and Amount of Funds or Other Consideration.
No material change.
Item 4. Purpose of Transaction.
Item 4 is amended by adding the following:
On June 21, 2020, GAS 58 notified the other Supporting Shareholders that it has elected, pursuant to the Support Agreement, that all of the Class A Ordinary Shares represented by ADSs held by it be cancelled in consideration for the right to receive US$56.00 per ADS in the Merger (the “Notice of Election”). As a result of the Notice of Election, the Class A Ordinary Shares represented by ADSs held by GAS 58 will not be contributed to Parent in exchange for newly issued shares of Parent in connection with and at the effective time of the Merger but will be instead be cancelled in consideration for the right to receive $56.00 per ADS. As a result of such election, the equity financing amount that GASF is required to provide, or cause to be provided, to Parent under the GA Equity Commitment Letter has increased by US$400,400,000 to a total of US$1,025,400,000.
Item 5. Interest in Securities of the Issuer.
No material change.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to the Issuer.
No material change.
Item 7. Materials to be Filed as Exhibits.
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.