Filing Details

Accession Number:
0001104659-22-020445
Form Type:
13G Filing
Publication Date:
2022-02-10 19:00:00
Filed By:
Banyan Partners Fund Ii, L.p.
Company:
Kanzhun Limited (NASDAQ:BZ)
Filing Date:
2022-02-11
SEC Url:
13G Filing
Ownership Summary

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
Banyan Partners Fund II 0 52,703,553 0 52,703,553 52,703,553 8.0%
Banyan Partners II Ltd 0 52,703,553 0 52,703,553 52,703,553 8.0%
Filing

 

 

 

  UNITED STATES  
  SECURITIES AND EXCHANGE COMMISSION  
  Washington, D.C. 20549  
     

SCHEDULE 13G

(Rule 13d–102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO §240.13d-1(b), (c) AND (d) AND

AMENDMENTS THERETO FILED PURSUANT TO §240.13d-2.

(Amendment No.___)

 

Kanzhun Limited

(Name of Issuer)

 

Class A Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

 

48553T106

(CUSIP Number)

 

December 31, 2021

(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 the disclosures provided in a prior cover page.

 

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. 48553T106
 
  1.

Names of Reporting Persons

Banyan Partners Fund II, L.P.

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) o
    (b) x(1)
 
  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

52,703,553 Class A ordinary shares (2) 

 
  7.

Sole Dispositive Power

0

 
  8.

Shared Dispositive Power

52,703,553 Class A ordinary shares (2) 

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

52,703,553 Class A ordinary shares (2)

     
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
     
  11.

Percent of Class Represented by Amount in Row (9)

8.0% of Class A ordinary shares (or 6.6% of the total ordinary shares) (3)

     
  12.

Type of Reporting Person (See Instructions)

PN

           
(1)This statement on Schedule 13G is filed by Banyan Partners Fund II, L.P. (“Banyan Fund II”) and Banyan Partners II Ltd. (“Banyan II GP”, collectively with Banyan Fund II, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2)Such 52,703,553 Class A ordinary shares are held by Banyan Fund II directly. Banyan II GP is the general partner of Banyan Fund II, and as such, may exercise voting and dispositive power over the shares held by Banyan Fund II.
(3)Calculation is based on 799,900,150 ordinary shares issued and outstanding (assuming the underwriters did not exercise their option to purchase additional American depositary shares of the Issuer), consisting of 659,069,749 Class A ordinary shares and 140,830,401 Class B ordinary shares, as reported in the Issuer’s final prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) on June 14, 2021 (the “Issuer’s 424B4 Filing”). Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 15 votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Accordingly, and based on the foregoing, the Class A ordinary shares beneficially owned by the Banyan Fund II represent approximately 1.9% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

 

 

 

 

CUSIP No. 48553T106
 
  1.

Names of Reporting Persons

Banyan Partners II Ltd.

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) o
    (b) x(1)
 
  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

52,703,553 Class A ordinary shares (2) 

 
  7.

Sole Dispositive Power

0

 
  8.

Shared Dispositive Power

52,703,553 Class A ordinary shares (2) 

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

52,703,553 Class A ordinary shares (2)

     
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
     
  11.

Percent of Class Represented by Amount in Row (9)

8.0% of Class A ordinary shares (or 6.6% of the total ordinary shares) (3)

     
  12.

Type of Reporting Person (See Instructions)

CO

           
(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.
(2)Represents 52,703,553 Class A ordinary shares directly held by Banyan Fund II. Banyan II GP is the general partner of Banyan Fund II, and as such, may exercise voting and dispositive power over the shares held by Banyan Fund II.
(3)Calculation is based on 799,900,150 ordinary shares issued and outstanding (assuming the underwriters did not exercise their option to purchase additional American depositary shares of the Issuer), consisting of 659,069,749 Class A ordinary shares and 140,830,401 Class B ordinary shares, as reported in the Issuer’s 424B4 Filing. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 15 votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Accordingly, and based on the foregoing, the Class A ordinary shares beneficially owned by the Banyan II GP represent approximately 1.9% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

 

 
 

 

CUSIP No. 48553T106

 

Item 1.
  (a)

Name of Issuer

Kanzhun Limited

  (b)

Address of Issuer’s Principal Executive Offices

 

18/F, GrandyVic Building

Taiyanggong Middle Road

Chaoyang District, Beijing 100020

People’s Republic of China

Item 2.
  (a)

Name of Person Filing

 

Banyan Partners Fund II, L.P. (“Banyan Fund II”)

Banyan Partners II Ltd. (“Banyan II GP”)

  (b)

Address of Principal Business Office or, if none, Residence

 

The address of each of Banyan Partners Fund II, L.P. and Banyan Partners II Ltd.is:

c/o Walkers Corporate Limited

190 Elgin Avenue

George Town

Grand Cayman, KY1-9008

Cayman Islands

 
  (c)

Citizenship

 

Banyan Partners Fund II, L.P.: Cayman Islands

Banyan Partners II Ltd.: Cayman Islands

 

  (d)

Title of Class of Securities

Class A Ordinary Shares, par value US$0.0001 per share

 

  (e)

CUSIP Number

48553T106

 
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:
   
  Not applicable.

 


Item 4.
Ownership

 

The following information with respect to the ownership of Class A ordinary shares by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2021:

 

Reporting Persons  Ordinary
Shares Held
Directly (1)
   Shared
Voting
Power (1)
   Shared
Dispositive
Power (1)
   Beneficial
Ownership (1)
   Percentage
of Class A
Ordinary
Shares(1)(3)
   Percentage
of Total
Ordinary
Shares (1)(3)
   Percentage
of the
Aggregate
Voting
Power(1)(3)
 
Banyan Partners Fund II, L.P.   52,703,553    52,703,553    52,703,553    52,703,553    8.0%   6.6%   1.9%
Banyan Partners II Ltd. (2)   0    52,703,553    52,703,553    52,703,553    8.0%   6.6%   1.9%

 

(1)Represents the number of shares beneficially owned by the Reporting Persons as of December 31, 2021.
(2)Banyan Partners II Ltd. is the general partner of Banyan Partners Fund II, L.P., and as such, may exercise voting and dispositive power over the shares held by Banyan Partners Fund II, L.P.
(3)The Reporting Persons in the aggregate beneficially own 8.0% of the outstanding Class A ordinary shares, 6.6% of the total outstanding ordinary shares and 1.9% of the aggregate voting power. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G. Each of the Reporting Persons may be deemed to beneficially own the percentage of Class A ordinary shares listed above which is calculated based on 659,069,749 outstanding Class A ordinary shares (assuming the underwriters did not exercise their option to purchase additional American depositary shares of the Issuer) as reported in the Issuer’s 424B4 Filing. Each of the Reporting Persons may be deemed to beneficially own the percentage of the total ordinary shares listed above which is calculated based on 659,069,749 outstanding Class A ordinary shares (assuming the underwriters did not exercise their option to purchase additional American depositary shares of the Issuer) and 140,830,401 outstanding Class B ordinary shares as reported in the Issuer’s 424B4 Filing. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 15 votes. Accordingly, and based on the foregoing, each of the Reporting Persons may be deemed to beneficially own the percentage of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer listed above. Each ordinary share (Class A ordinary share or Class B ordinary share) has a par value of US$0.0001.

 

 

 

 

Item 5. Ownership of Five 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 of securities, check the following o.
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 or Control Person
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

 

Exhibits:

 

Exhibit I: Joint Filing Agreement by and between Banyan Partners Fund II, L.P. and Banyan Partners II Ltd.

 

 

 

 

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 11, 2022

 

 

Banyan Partners Fund II, L.P. 

By:  Banyan Partners II Ltd.

 

By: /s/ Peter Wong  
Name: Peter Wong  
Title: Authorized Signatory  

 

 

Banyan Partners II Ltd.

 

By: /s/ Peter Wong  
Name: Peter Wong  
Title: Authorized Signatory