Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1) *

 

 

New Oriental Education & Technology Group Inc.

(Name of Issuer)

Common shares par value US$0.001 per share

(Title of Class of Securities)

647581107**

(CUSIP Number)

December 31, 2021

(Date of the 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 common shares. CUSIP number 647581107 has been assigned to the American Depositary Shares (ADSs) of the Issuer, each ADS representing one (1) common share, which are quoted on the New York Stock Exchange under the symbol EDU.

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 provision of the Act (however, see the Notes.)

 

 

 

CUSIP No. 647581107		SCHEDULE 13G		Page 2 of 5 Pages

 

 

1		NAME OF REPORTING PERSONS     GIC Private 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     Republic of Singapore

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH				5		SOLE VOTING POWER     76,075,035 (1)
				6		SHARED VOTING POWER     22,692,212 (2)
				7		SOLE DISPOSITIVE POWER     76,075,035 (1)
				8		SHARED DISPOSITIVE POWER     22,692,212 (2)

9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     98,767,247
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)     ☐
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)     5.82% (3)
12		TYPE OF REPORTING PERSON (See Instructions)     CO

 

(1)	These 76,075,035 common shares, par value US$0.001 per share (the common shares) of New Oriental Education & Technology Group (the Issuer) include 69,521,935 ordinary shares represented by 69,521,935 American Depositary Shares (ADSs), each ADS representing one (1) ordinary share.

(2)	These 22,692,212 common shares, par value US$0.001 per share (the common shares) of New Oriental Education & Technology Group (the Issuer) include 21,288,512 ordinary shares represented by 21,288,512 American Depositary Shares (ADSs), each ADS representing one (1) ordinary share.

(3)	Based on 1,696,966,183 common shares outstanding as of September 17, 2021, according to the Form 20-F filed by the Issuer with the Securities and Exchange Commission on September 24, 2021.

CUSIP No. 647581107		SCHEDULE 13G		Page 3 of 5 Pages

 

Item 1(a) Name of Issuer

New Oriental Education & Technology Group.

Item 1(b) Address of Issuers Principal Executive Offices

No. 6 Hai Dian Zhong Street

Haidian District

Beijing 100080, Peoples Republic of China

Item 2(a) Name of Persons Filing

GIC Private Limited (GIC)

Item 2(b) Address of Principal Business Office or, if none, Residence

168 Robinson Road

#37-01 Capital Tower

Singapore 068912

Item 2(c) Citizenship

Singapore

Item 2(d) Title of Class of Securities

Common shares, par value US$0.001 per share

Item 2(e) CUSIP Number

647581107

Item 3 If this statement in filed pursuant to §§240.13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

CUSIP No. 647581107		SCHEDULE 13G		Page 4 of 5 Pages

 

Item 4 Ownership

(a - c) The aggregate number of securities and percentage of the class of securities of the Issuer beneficially owned by the Reporting Person named in Item 2(a), as well as the number of securities as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, shared power to dispose or direct the disposition, is set forth in the following tables:

 

Reporting Person

No. of Securities Beneficially Owned

Percent of Class (3)

Voting Power

Dispositive Power

Sole (1), (2)

Shared (1), (2)

Sole (1), (2)

Shared (1), (2)

GIC Private Limited

98,767,247

5.82

76,075,035

22,692,212

76,075,035

22,692,212

 

(1)

GIC is a fund manager and only has 2 clients the Government of Singapore (GoS) and the Monetary Authority of Singapore (MAS). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 76,075,035 securities beneficially owned by it. GIC shares power to vote and dispose of 22,692,212 securities beneficially owned by it with MAS.

(2)	GIC disclaims membership in a group.

(3)	Based on 1,696,966,183 common shares outstanding as of September 17, 2021, according to the Form 20-F filed by the Issuer with the Securities and Exchange Commission on September 24, 2021.

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 Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

CUSIP No. 647581107		SCHEDULE 13G		Page 5 of 5 Pages

 

SIGNATURE

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 as dated.