Filing Details
- Accession Number:
- 0001193125-19-122538
- Form Type:
- 13G Filing
- Publication Date:
- 2019-04-26 16:47:55
- Filed By:
- New China Capital Management, Lp
- Company:
- Cnfinance Holdings Ltd.
- Filing Date:
- 2019-04-26
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Cathay Capital Holdings II | . | . | . | . | . | (9). 10.8% |
| Cathay Master GP, Ltd | . | . | . | . | . | (9). 10.8% |
| New China Capital Management | . | . | . | . | . | (9). 10.8% |
| NCCM | . | . | . | . | . | (9). 10.8% |
| TAM China | . | . | . | . | . | (9). 10.8% |
| Cathay Auto Services Limited | . | . | . | . | . | (9). 23.3% |
| Cathay Investment Fund, Ltd | . | . | . | . | . | (9). 23.3% |
| New China Investment Management Inc | . | . | . | . | . | (9). 23.3% |
| Paul S. Wolansky | . | . | . | . | . | (9). 34.0% |
| S. Donald Sussman | . | . | . | . | . | (9). 34.0% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CNFinance Holdings Limited
(Name of Issuer)
Ordinary Shares, par value US$0.0001 per share
(Title of Class of Securities)
18979T105**
(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)
☒ Rule 13d-1(d)
| * | 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. |
| ** | There is no CUSIP number assigned to the ordinary shares. CUSIP number 18979T105 has been assigned to the American Depositary Shares (ADS), evidenced by American Depositary Receipts, of the Issuer, which are quoted on the New York Stock Exchange under the symbol CNF. Each ADS represents twenty (20) ordinary shares, par value US$0.0001 per share. |
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 (however, see the Notes).
CUSIP No. 18979T105
| (1) | Names of reporting persons.
Cathay Capital Holdings II, L.P. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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.
0 | ||||
| (6) | Shared voting power.
147,582,160(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
147,582,160(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
147,582,160(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
10.8% | |||||
| (12) | Type of reporting person (see instructions).
PN | |||||
| (1) | Represented by American Depositary Shares (ADSs), each representing 20 ordinary shares, par value US$0.0001 per share, of the Issuer (each, an Ordinary Share). |
1 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
Cathay Master GP, Ltd. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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.
0 | ||||
| (6) | Shared voting power.
147,582,160(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
147,582,160(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
147,582,160(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
10.8% | |||||
| (12) | Type of reporting person (see instructions).
OO | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
2 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
New China Capital Management, L.P. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
Delaware | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
147,582,160(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
147,582,160(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
147,582,160(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
10.8% | |||||
| (12) | Type of reporting person (see instructions).
IA, PN | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
3 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
NCCM, LLC | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
Delaware | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
147,582,160(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
147,582,160(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
147,582,160(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
10.8% | |||||
| (12) | Type of reporting person (see instructions).
OO | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
4 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
TAM China, LLC | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
Delaware | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
147,582,160(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
147,582,160(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
147,582,160(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
10.8% | |||||
| (12) | Type of reporting person (see instructions).
OO | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
5 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
Cathay Auto Services Limited | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
British Virgin Islands | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
319,382,800(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
319,382,800(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
319,382,800(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
23.3% | |||||
| (12) | Type of reporting person (see instructions).
OO | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
6 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
Cathay Investment Fund, Ltd. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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.
0 | ||||
| (6) | Shared voting power.
319,382,800(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
319,382,800(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
319,382,800(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
23.3% | |||||
| (12) | Type of reporting person (see instructions).
OO | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
7 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
New China Investment Management Inc. | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
Delaware | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
319,382,800(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
319,382,800(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
319,382,800(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
23.3% | |||||
| (12) | Type of reporting person (see instructions).
IA, CO | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
8 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
Paul S. Wolansky | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
United States | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
466,964,960(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
466,964,960(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
466,964,960(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
34.0% | |||||
| (12) | Type of reporting person (see instructions).
IN | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
9 of 12
CUSIP No. 18979T105
| (1) | Names of reporting persons.
S. Donald Sussman | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
| (3) | SEC use only.
| |||||
| (4) | Citizenship or place of organization.
United States | |||||
| Number of shares beneficially owned by each reporting person with: | (5) | Sole voting power.
0 | ||||
| (6) | Shared voting power.
466,964,960(1) | |||||
| (7) | Sole dispositive power.
0 | |||||
| (8) | Shared dispositive power.
466,964,960(1) | |||||
| (9) | Aggregate amount beneficially owned by each reporting person.
466,964,960(1) | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions).
☐ | |||||
| (11) | Percent of class represented by amount in Row (9).
34.0% | |||||
| (12) | Type of reporting person (see instructions).
IN | |||||
| (1) | Represented by ADSs, each representing 20 Ordinary Shares. |
10 of 12
CUSIP No. 18979T105
Item 1.
| (a) | Name of issuer |
CNFinance Holdings Limited
| (b) | Address of issuers principal executive offices |
44/F, Tower G, No. 16 Zhujiang Dong Road
Tianhe District, Guangzhou City, Guangdong Province 510620
Peoples Republic of China
Item 2.
| (a) | Name of person filing |
This Schedule 13G is being filed on behalf of the following:
| i. | Cathay Capital Holdings II, L.P. (Cathay Capital); |
| ii. | Cathay Master GP, Ltd. (Cathay Master), which is a general partner of Cathay Capital; |
| iii. | New China Capital Management, L.P. (New China L.P.), which is the investment manager of Cathay Capital; |
| iv. | NCCM, LLC (NCCM), which is a general partner of New China L.P.; |
| v. | TAM China, LLC (TAM China), which is a general partner of New China L.P.; |
| vi. | Cathay Auto Services Limited (Cathay Auto); |
| vii. | Cathay Investment Fund, Ltd. (CIF), which wholly owns Cathay Auto; |
| viii. | New China Investment Management Inc. (New China Inc.), which is the investment manager of CIF; |
| ix. | Paul S. Wolansky (Wolansky), who wholly owns and controls NCCM and further, owns and controls 50% of New China Inc. (with the other 50% being owned and controlled by Sussman); and |
| x. | S. Donald Sussman (Sussman), who wholly owns and controls TAM China and further, owns and controls 50% of New China Inc (with the other 50% being owned and controlled by Wolansky). |
Cathay Capital, Cathay Master, New China L.P., NCCM, TAM China, Cathay Auto, CIF, New China Inc., Wolansky, and Sussman are collectively referred to in this Schedule 13G as the Reporting Persons.
| (b) | Address or principal business office or, if none, residence |
The address of the principal business office for Cathay Capital, Cathay Master, New China L.P., NCCM, TAM China, Cathay Auto, CIF, New China Inc., and Wolansky is: c/o New China Capital Management, L.P., One Dock Street, Stamford, Connecticut 06902-5836, U.S.A.
The address of the principal business office for Sussman is: 888 E Las Olas Blvd, Suite 710, Fort Lauderdale, Florida 33301-2395, U.S.A.
| (c) | Citizenship |
| i. | Cathay Capital: Cayman Islands |
| ii. | Cathay Master: Cayman Islands |
| iii. | New China L.P.: Delaware |
| iv. | NCCM: Delaware |
| v. | TAM China: Delaware |
| vi. | Cathay Auto: British Virgin Islands |
| vii. | CIF: Cayman Islands |
| viii. | New China Inc.: Delaware |
| ix. | Wolansky: United States |
| x. | Sussman: United States |
| (d) | Title of class of securities |
Ordinary share, par value US$0.0001 per share (Ordinary Share)
11 of 12
CUSIP No. 18979T105
| (e) | CUSIP No. |
There is no CUSIP number assigned to the Ordinary Shares. CUSIP number 18979T105 has been assigned to the American Depositary Shares (ADS), evidenced by American Depositary Receipts, of the Issuer, which are quoted on the New York Stock Exchange under the symbol CNF. Each ADS represents twenty (20) Ordinary Shares.
| Item 3. | Statement Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c) |
Not applicable.
| Item 4. | Ownership |
| (a)-(c) | The information relating to the beneficial ownership of Common Stock by each of the Reporting Persons set forth in Rows 5 through 9 and Row 11 of the cover pages hereto is incorporated herein by reference. |
The ownership percentage of each Reporting Person set forth in Row 11 of the cover pages hereto has been calculated based on an assumed total of 1,371,643,240 Ordinary Shares outstanding as of January 31, 2019, as provided by the Issuer.
| Item 5. | Ownership of 5 Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following ☐
| Item 6. | Ownership of More than 5 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 or Control Person. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group. |
The Reporting Persons may be deemed to be members of a group with respect to the Ordinary Shares held directly by Cathay Capital and Cathay Auto. The Reporting Persons have agreed to jointly file this Schedule 13G in accordance with Rule 13d-1(k) of the Exchange Act, the agreement with respect to which is attached hereto as Exhibit 99.1.
| Item 9. | Notice of Dissolution of Group. |
Not applicable
| Item 10. | Certifications |
Not applicable.
12 of 12
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: April 26, 2019
| CATHAY CAPITAL HOLDINGS II, L.P. | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director of General Partner | ||
| CATHAY MASTER GP, LTD. | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director | ||
| NEW CHINA CAPITAL MANAGEMENT, L.P. | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director | ||
| NCCM, LLC | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director | ||
| TAM CHINA, LLC | ||
| By: | /s/ S. Donald Sussman | |
| Name: S. Donald Sussman | ||
| Title: Member | ||
| CATHAY AUTO SERVICES LIMITED | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director | ||
| CATHAY INVESTMENT FUND, LTD. | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director | ||
| NEW CHINA INVESTMENT MANAGEMENT INC. | ||
| By: | /s/ Paul S. Wolansky | |
| Name: Paul S. Wolansky | ||
| Title: Director | ||
| PAUL S. WOLANSKY | ||
| /s/ Paul S. Wolansky | ||
| S. DONALD SUSSMAN | ||
| /s/ S. Donald Sussman | ||
EXHIBIT INDEX
| Exhibit | Description | |
| 99.1. | Joint Filing Agreement | |