Filing Details

HOMEINNS HOTEL GROUP

(Name of Issuer)

American Depositary Shares, each representing two ordinary shares, par value $0.005 per share

(Title of Class of Securities)

43742E102

(CUSIP Number)

Cynthia Lo Bessette, Esq.

OppenheimerFunds, Inc.

225 Liberty Street, 11th Floor

New York, NY 10281

(212) 323-0200

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

March 2, 2016

Date of Event Which Requires Filing of This Statement)

 

This Schedule 13D is being filed with respect to American Depositary Shares (the "Shares"), each representing two ordinary shares, par value $0.005 per share (the "Ordinary Shares"), of Homeinns Hotel Group (the "Issuer"). This Amendment No. 2 ("Amendment No. 2") supplementally amends the Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on June 29, 2015 and amended on March 2, 2016 (the "Schedule 13D") by OppenheimerFunds, Inc., a Colorado corporation ("OFI") and Oppenheimer Developing Markets Fund, a statutory trust organized under the laws of Delaware (the "Fund") (collectively, the "Reporting Persons"). This Amendment No. 2 is filed by the Reporting Persons in accordance with Rule 13d-2 under the Securities Exchange Act of 1934, and it shall refer only to the information that has materially changed since the filing of the Schedule 13D.

OFI owns no Shares directly. All Shares beneficially owned by OFI were acquired by its advisory clients, including investment companies, separately managed account clients and other pooled investment vehicles, using, in the aggregate, approximately $126,776,345 of their own working capital and other resources.

In acquiring the 3,724,113 Shares directly owned by the Fund, the Fund expended approximately $105,198,175 (excluding commission) of its working capital and other resources.

(a) – (b) As of March 8, 2016, OFI is the beneficial owner of 4,485,853 Shares, which represent approximately 9.30% of the Issuer's outstanding Ordinary Shares. This percentage is based on a total of 96,421,426 Ordinary Shares outstanding as of December 6, 2015, as disclosed in the Agreement and Plan of Merger, dated December 6, 2015, by and among  the Issuer, BTG Hotels Group (HONGKONG) Holding Co., Limited, BTG Hotels Group (CAYMAN) Holding Co., Ltd. and, solely for certain purposes specified therein, BTG Hotels (Group) Co., Ltd. (the "Agreement and Plan of Merger"). In its capacity as investment adviser to certain of those investment companies, separately managed accounts and other pooled investment vehicles which directly own Shares, and pursuant to the terms of the applicable investment advisory agreements, OFI has voting and dispositive power with respect to, and may be deemed to beneficially own, all of the Shares directly owned by its advisory clients. In its capacity as sole shareholder of the investment adviser to certain of those investment companies, separately managed accounts and other pooled investment vehicles which directly own Shares, has shared voting and dispositive power with respect to, and may be deemed to beneficially own, all of the Shares which may be deemed to be beneficially owned by OFI's wholly owned subsidiaries pursuant to the terms of the applicable investment advisory agreements between such subsidiaries and their advisory clients.

As of March 8, 2016, the Fund is the beneficial owner of 3,724,113 Shares, which represent approximately 7.72% of the Issuer's outstanding Ordinary Shares. This percentage is based on a total of 96,421,426 Ordinary Shares outstanding as of December 6, 2015, as disclosed in the Agreement and Plan of Merger. Pursuant to an investment management agreement, the Fund shares with OFI the power to vote or to direct the vote and the power to dispose of or to direct the disposition of the Shares. The Fund expressly disclaims beneficial ownership of any Ordinary Shares beneficially owned by OFI, other than the Shares to which this Schedule 13D relates.

 

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: March 9, 2016