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SC 13G Filing
Cango (CANG) SC 13GCango Inc.
Filed: 12 Feb 19, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Cango Inc.
(Name of Issuer)
Class A Ordinary Shares, par value US$0.0001 per share |
(Title of Class of Securities) |
137586 103** |
(CUSIP Number) |
December 31, 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)
x Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s 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.
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 theNotes).
**This CUSIP number applies to the Issuer’s American Depositary Shares (“ADSs”), each representing two Class A ordinary shares.
1. Names of Reporting Persons TK Autolink Inc. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization Cayman Islands |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 7,901,029 |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 7,901,029 | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 7,901,029 |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 2.6%(1) |
12. | Type Of Reporting Person (See Instructions) CO |
(1) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s prospectus dated July 25, 2018 in connection with its initial public offering and filed with the Securities and Exchange Commission (the “SEC”) on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
2
1. Names of Reporting Persons Magic Spark Inc. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization Cayman Islands |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 7,901,029 |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 7,901,029 | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 7,901,029 |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 2.6%(1) |
12. | Type Of Reporting Person (See Instructions) CO |
(1) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s prospectus dated July 25, 2018 in connection with its initial public offering and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
3
1. Names of Reporting Persons Shanghai Canji Enterprise Management Consulting Co., Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 7,901,029 |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 7,901,029 | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 7,901,029 |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 2.6%(1) |
12. | Type Of Reporting Person (See Instructions) CO |
(1) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s prospectus dated July 25, 2018 in connection with its initial public offering and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
4
1. Names of Reporting Persons Shandong State-controlled Taikang Phase I Industrial Development Fund Partnership Enterprise (Limited Partnership) |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 7,822,019 |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 7,822,019 | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 7,822,019 |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 2.6%(1) |
12. | Type Of Reporting Person (See Instructions) PN |
(1) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s prospectus dated July 25, 2018 in connection with its initial public offering and filed with the SEC on July 27, 2018, which takes into account222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basisand assumes no exercise by the underwriters of their over-allotment option. |
5
1. Names of Reporting Persons Taikang Life Insurance Co., Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 7,901,029(1) |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 7,901,029(1) | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 9,851,684(1) |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 3.3%(2) |
12. | Type Of Reporting Person (See Instructions) IC |
(1) | Taikang Life Insurance Co., Ltd. (“Taikang Life”) directly holds 100% shares ofMagic Spark Inc., which directly holds 7,901,029 Class A ordinary shares of the Issuer. In addition,Taikang Lifeis a limited partner in Shandong State-controlled Taikang Phase I Industrial Development Fund Partnership Enterprise (Limited Partnership) (“Shandong Fund”) and indirectly holds 1,950,655 Class A ordinary shares of the Issuer, although the voting power and dispositive power with respect to such shares have been passed through to the general partners of Shandong Fund. |
(2) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s prospectus dated July 25, 2018 in connection with its initial public offering and filed with the SEC on July 27, 2018, which takes into account222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basisand assumes no exercise by the underwriters of their over-allotment option. |
6
1. Names of Reporting Persons Taikang Pension Insurance Co., Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 0(1) |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 0(1) | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 2,925,904(1) |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 1.0%(2) |
12. | Type Of Reporting Person (See Instructions) IC |
(1) | Taikang Pension Insurance Co., Ltd. (“Taikang Pension”) is a limited partner in Shandong Fund and indirectly holds 2,925,904 Class A ordinary shares of the Issuer, although the voting power and dispositive power with respect to such shares have been passed through to the general partners of Shandong Fund. |
(2) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s Prospectus dated July 25, 2018 and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
7
1. Names of Reporting Persons Beijing Taikang Investment Co., Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 79,010(1) |
6. | Shared Voting Power 7,822,019(1) | |
7. | Sole Dispositive Power 79,010(1) | |
8. | Shared Dispositive Power 7,822,019(1) |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 7,901,029(1) |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 2.6%(2) |
12. | Type Of Reporting Person (See Instructions) CO |
(1) | Beijing Taikang Investment Co., Ltd. (“Beijing Taikang”) indirectly holds 79,010 Class A ordinary shares of the Issuer. In addition, Beijing Taikang serves as one of the general partners of Shandong Fund, and exercises certain investment discretion. Accordingly, Beijing Taikang may be deemed to beneficially own 7,822,019 Class A ordinary shares indirectly held by Shandong Fund for purpose of Rule 13d-3. |
(2) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s Prospectus dated July 25, 2018 and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
8
1. Names of Reporting Persons Taikang Asset Management Co., Ltd. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 14,221,852(1) |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 14,221,852(1) | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 14,221,852(1) |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 4.7%(2) |
12. | Type Of Reporting Person (See Instructions) CO |
(1) | Taikang Asset Management Co., Ltd. (“Taikang Asset Management”) indirectly holds 6,320,823 Class A ordinary shares of the Issuer. In addition, Taikang Asset Management has been delegated by Taikang Life with respect to certain investment discretion over Magic Spark Inc. Accordingly, Taikang Asset Management may be deemed to beneficially own 7,901,029 Class A ordinary shares held by Taikang Life for purpose of Rule 13d-3. |
(2) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s Prospectus dated July 25, 2018 and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
9
1. Names of Reporting Persons Taikang Insurance Group Inc. |
2. Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) x |
(b) ¨ |
3. SEC Use Only
|
4. Citizenship or Place of Organization People’s Republic of China |
Number Of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 14,184,559 |
6. | Shared Voting Power 0 | |
7. | Sole Dispositive Power 14,184,559 | |
8. | Shared Dispositive Power 0 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 14,184,559 |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
|
11. | Percent of Class Represented by Amount In Row (9) 4.7%(1) |
12. | Type Of Reporting Person (See Instructions) IC |
(1) | This percentage is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s Prospectus dated July 25, 2018 and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option. |
10
Item 1.
(a) | Name of Issuer | |
Cango Inc. | ||
(b) | Address of Issuer’s Principal Executive Offices | |
10A, Building 3, Youyou Century Plaza 428 South Yanggao Road Pudong New Area, Shanghai 200127 People’s Republic of China |
Item 2.
(a) – (c) | Name of Persons Filing; Address of Principal Office; Place of Organization; This statement on Schedule 13G is being filed by the following persons, collectively, the “Reporting Persons.”
This schedule is filed by and on behalf of:
1. TK Autolink Inc.
Address of Principal Office: 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands Place of Organization: Cayman Islands
2. Magic Spark Inc.
Address of Principal Office: 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands Place of Organization: Cayman Islands
3. Shanghai Canji Enterprise Management Consulting Co., Ltd.
Address of Principal Office: Floor 1, Building 1, 251 Yaohua Street, China (Shanghai) Free Trade Zone, Shanghai, China Place of Organization: People’s Republic of China
4. Shandong State-controlled Taikang Phase I Industrial Development Fund Partnership Enterprise (Limited Partnership)
Address of Principal Office: No. 11-49-01, Jidong Street, Huanghe Town, Zhangqiu District, Jinan, Shandong Province, China Place of Organization: People’s Republic of China |
11
5. Taikang Life Insurance Co., Ltd.
Address of Principal Office:1/F, Taikang Zhongguancun Innovation Centre, No. 21-1 Kexueyuan Lu, Kejiyuanqu, Changping District, Beijing, China Place of Organization: People’s Republic of China
6. Taikang Pension Insurance Co., Ltd.
Address of Principal Office: 11/F, Building A, 156 Fuxingmennei Street, Xicheng District, Beijing, China Place of Organization: People’s Republic of China
7. Beijing Taikang Investment Co., Ltd.
Address of Principal Office: Room 301, 3/F, Taikang Zhongguancun Innovation Centre, No. 21-1 Kexueyuan Lu, Kejiyuanqu, Changping District, Beijing, China Place of Organization: People’s Republic of China
8. Taikang Asset Management Co., Ltd.
Address of Principal Office: 10/F, Taikang Life Building, 156 Fuxingmennei Street, Xicheng District, Beijing, China Place of Organization: People’s Republic of China
9. Taikang Insurance Group Inc.
Address of Principal Office: 8&9/F, Taikang Life Building, 156 Fuxingmennei Street, Xicheng District, Beijing, China Place of Organization: People’s Republic of China
Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate parties. The Reporting Persons’ Joint Filing Agreement to file this statement on behalf of each of them is attached as Exhibit A hereto. | |
(d) | Title of Class of Securities This Schedule 13G Statement relates to the Class A ordinary shares, par value US$0.0001 per share of the Issuer. |
(e) | CUSIP Number |
137586 103 |
12
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
(a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
(b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
(c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
(d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
(e) | ¨ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
(f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
(g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
(h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
(i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Item 4. Ownership.
The information required by Item 4(a) – (c) is set forth in Rows 5-11 of the cover page hereof for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
The percentage in Rows 5 – 11 is calculated based on a total of 302,209,892 outstanding ordinary shares of the Issuer, as reported in the Issuer’s prospectus dated July 25, 2018 and filed with the SEC on July 27, 2018, which takes into account 222,884,172 Class A ordinary shares and 79,325,720 Class B ordinary shares on an as-converted basis and assumes no exercise by the underwriters of their over-allotment option.
TK Autolink Inc. directly holds 7,901,029 Class A ordinary shares of the Issuer. TK Autolink Inc. is beneficially owned and controlled by Shanghai Canji Enterprise Management Consulting Co., Ltd. (“Shanghai Canji”), which is beneficially owned by Shandong State-controlled Taikang Phase I Industrial Development Fund Partnership Enterprise (Limited Partnership) (“Shandong Fund”) and Beijing Taikang Investment Co., Ltd. (“Beijing Taikang”).
Magic Spark Inc. directly holds 7,901,029 Class A ordinary shares of the Issuer. Magic Spark Inc. is wholly owned by Taikang Life Insurance Co., Ltd. (“Taikang Life”).
Shanghai Canji beneficially owns 7,901,029 Class A ordinary shares directly held by TK Autolink Inc.
Shandong Fund holds 99.0% equity of Shanghai Canji, which owns 7,901,029 Class A ordinary shares directly held by TK Autolink Inc. Taikang Life and Taikang Pension Insurance Co., Ltd. (“Taikang Pension”) hold 24.9% and 37.4%, respectively, of shares of Shandong Fund. Both Taikang Life and Taikang Pension are limited partners in Shandong Fund. Beijing Taikang serves as one of the general partners of Shandong Fund and exercises certain investment discretion therefor.
13
Beijing Taikang serves as one of the general partners of Shandong Fund. It also holds 1.0% equity of Shanghai Canji. Accordingly, Beijing Taikang may be deemed to beneficially own 7,901,029 Class A ordinary shares for purpose of Rule 13d-3.
Taikang Asset Management Co., Ltd. (“Taikang Asset Management”) holds 80.0% equity of Beijing Taikang. In addition, Taikang Life has delegated certain investment discretion to Taikang Asset Management with respect to Magic Spark Inc. Accordingly, Taikang Asset Management may be deemed to beneficially own 7,901,029 Class A ordinary shares held by Taikang Life for purpose of Rule 13d-3.
Taikang Insurance Group Inc. directly holds 100.0% equity of Taikang Life and 99.4% equity of Taikang Asset Management, respectively.
By virtue of the relationships between and among the Reporting Persons as described in this Item, all Reporting Persons are under common control of Taikang Insurance Group Inc., and had the power to vote and dispose of, or direct the voting and disposition of 15,802,058 Class A ordinary shares of the Issuer as of December 31, 2018.
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.
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. Certification.
Not applicable
14
SIGNATURES
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: February 12, 2019
TK Autolink Inc. | |
By: | /s/Zhang Yunyun |
Name: | Zhang Yunyun |
Title: | Director |
Magic Spark Inc. | |
By: | /s/Zhang Yunyun |
Name: | Zhang Yunyun |
Title: | Director |
Shanghai Canji Enterprise Management Consulting Co., Ltd. | |
By: | /s/Zhang Yunyun |
Name: | Zhang Yunyun |
Title: | Executive Director |
Shandong State-controlled Taikang Phase I Industrial Development Fund Partnership Enterprise (Limited Partnership) | |
By: | /s/Zhang Hao |
Name: | Zhang Hao |
Title: | Representative of the Managing Partners |
Taikang Life Insurance Co., Ltd. | |
By: | /s/Chen Dongsheng |
Name: | Chen Dongsheng |
Title: | Chairman |
15
Taikang Pension Insurance Co., Ltd. | |
By: | /s/Li Yanhua |
Name: | Li Yanhua |
Title: | Chairman |
Beijing Taikang Investment Co., Ltd. | |
By: | /s/Zhang Jingguo |
Name: | Zhang Jingguo |
Title: | Chairman |
Taikang Asset Management Co., Ltd. | |
By: | /s/Duan Guosheng |
Name: | Duan Guosheng |
Title: | Chief Executive Officer |
Taikang Insurance Group Inc. | |
By: | /s/Chen Dongsheng |
Name: | Chen Dongsheng |
Title: | Chairman |
16
LIST OF EXHIBIT
Exhibit A – Joint Filing Agreement
17